What happened today with $GME

[Anonymous No.26538431]

"Hedge funds Citadel, Point72 putting $2.75B in Melvin Capital, hit by GameStop short

Jan. 25, 2021 3:26 PM

Ken Griffin's Citadel and Steve Cohen's Point72 Asset Management are investing $2.75B into Melvin Capital to help stabilize the fund that has ben hammered by bad short bets this year, The Wall Street Journal reports.

Melvin Capital's short positions, including against GameStop (GME, +14.4%), have contributed to losses of 30% through Friday, the Journal says. GameStop has soared as retail investors, and particularly Reddit users, have piled into the stock to take on the shorts, including Citron. The stock, which has short interest of 150%, was up as much 144% today, but also saw periods in the red.

Citadel is investing $2B and Point72, which already has $1B in Melvin, is investing $750M, both for non-controlling revenue shares. GameStop has also had on outsize influence on ETFs that, before the rally, had relatively small allocations in the stock."

The WSB fags literally hit hard a whale shorting.
They turned the market into a fucking monster hunter match.
What did you do today biz? Did you stare at your portfolio wondering how to escape that 6 figures hell? Did you avoid to take part in an epic shit to spare your shekels?
Many of you telling that this was a pump and dump by plebbit, the pajeeto logic is well put in your stingy jewish mind by now.
I heard some of you invoking the SEC and some kike regulations.

[Anonymous No.26538915]

>>26538431
I'm a literal brainlet, so explain to me what this means for GME stock. Does this influx mean that Melvin Capital will now cover their shorts? Meaning that the stock price will rise?