Melvin Capital had bet against GameStop by short-selling its shares, meaning it stood to gain if the price went down and lose if it went up. Members of the Reddit thread “wallstreetbets” decided to pile in to GameStop with the aim of pushing up the share price to inflict losses on short-sellers including Melvin Capital. […]
Posts Tagged ‘s13bn’
GameStop: Reddit users claim victory as $13bn hedge fund closes position, accepting huge losses
January 29th, 2021 Awake Goy
Iran, S Korea in final talks over $13bn loan
June 15th, 2017 Awake Goy
Press TV – Iran’s media say the country is preparing to receive a major credit line worth $13 billion from South Korea for several of its industrial projects within the next few weeks. The Persian-language newspaper Sharq reported that negotiations to receive the credit line were almost complete and that Finance Minister Ali Tayyebniya would […]