Page 53 - Gabe Plotkin News Today

Longtime Hornets majority owner Michael Jordan may soon be moving on from the franchise.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Ken Griffins Citadel fund made record profits during the past year. However, two years ago, the fund was involved in a controversy during GameStops short squeeze.

Despite last years market turmoil, Citadels funds managed to deliver jaw-dropping returns. Heres why that news may be tough for some investors to swallow.

Lets follow a notorious chain from the FTX debacle back to the January 2021 GME short squeeze.

After upending equities and crypto, retail investors who have been burned by other assets are turning to debt.

Nina has a plan based on what matters most to her. and she can simply focus on right now. thats the planning effect. from fidelity. reporter:some breaking news this morningon this gamestop story. gabe plotkin saying thatmelvin capital has been out, closed out its position. - the numbers and whathes down is dramatic. so the questionwill become there, what is the futureof that firm? unclear. stock expert: around 10:30or 11 oclock in the morning, it comes out that thisbig fund, melvin capital,

Theyre trying to weaselout of something. - i understand that partof the focus of this hearing is the decisionof stock trading platforms to limit tradinggamestop. i want to make clearat the outset that melvin capitalplayed absolutely no role in those tradingplatform decisions. - theyre not being honestand truthful about this. - i want to beperfectly clear. citadel securities had no rolein robinhoods decision to limit trading in gamestop. - so citadel is a realconglomerate. they have a hedge fund....

Reporter: the trading frenzyaround gamestop is the focuson capitol hill today. the house financialservices committee will hold a virtual meetingasking who wins and loses when short sellers,social media, and retail investorscollide. reporter:in the hot seat, robinhood ceo vlad tenev,citadel ceo ken griffin,melvin capital ceo gabe plotkin, and roaring kitty,the trader keith gill. reporter:no doubt lawmakers are furious and they want to havehearings about this. the problem is goingto most likely be...