Page 78 - Gabe Plotkin News Today

The hedge fund closed its position in GameStop at a loss last week, ending January with $8bn in assets

Mets cable network apologizes for tweet that made light of threats against team owner Steve Cohen amid GameStop short-selling squeeze The New York Mets cable station has apologized for a tweet that made light of the harassment billionaire team owner Steve Cohen received on social media The network, which is still controlled by the Mets previous owners, the Wilpon family, was reacting to Cohens decision to shut down his Twitter account  Cohen regularly engaged with fans on social media since bu...

Melvin Capitals big bust - Robinhoods legal team - Steve Cohens Twitter nightmare Dan DeFrancescoFeb 1, 2021, 16:53 IST AP Photo/Seth Wenig Finance. Im Dan DeFrancesco, and heres whats on the agenda today: One of the hedge funds at the center of the GameStop trading frenzy is down big. Insiders detail the rise of Stephanie Cohen, the star Goldman executive leading its plans for Main Street. As Robinhood prepares for what could be a series of legal battles, meet the key players representing the...

Exxon Commits $3 Billion to Emissions Project Last Updated This briefing has ended. Follow our latest coverage of Environmentalists have long criticized Exxon Mobil for not doing enough about climate change.Credit...Ben Torres for The New York Times Exxon Mobil, which has long been criticized by environmentalists and some investors and elected leaders for not doing enough to curb climate change, said on Monday it would invest $3 billion over the next five years in energy projects that lower em...

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We now know how much money Melvin Capital lost on GameStop and other bets January 31, 2021 Melvin Capital, a hedge fund that bet against GameStops stock, lost billions of dollars in January. The fund entered 2021 with $12.5 billion in capital. Including a $2.75 billion cash infusion, Melvin ended January with $8 billion. Melvin Capital, the hedge fund made famous through its bet against GameStop Corp. (NYSE: GME) lost more than half of its funds in January, according to The Wall Street Journal ...

Its a fable for our times: Small-time investors band together to take down greedy Wall Street hedge funds using the stock of a troubled video-game store. But the revolt of online stock-traders suggests much more. The internet is shifting society´s balance of power in unanticipated ways. And the same tools that empower the little guy - allowing people to organize quickly and seemingly out of nowhere, troll powerful institutions and unleash chaos - can also give rise to extremist mobs waging har...

Close icon Two crossed lines that form an X. It indicates a way to close an interaction, or dismiss a notification. Melvin Capital founder Gabe Plotkin Alex Flynn/Getty Images/Bloomberg Melvin Capital lost 53% in January, sources told Insider. The Wall Street Journal first reported the loss. The fund ended the month with more than $8 billion in assets under management. Melvin Capital was among the high-profile hedge funds that got torche...

2 Min Read FILE PHOTO: Trading information for GameStop is displayed on the Robinhood App in this photo illustration January 29, 2021. REUTERS/Brendan McDermid/Illustration BOSTON (Reuters) - Melvin Capital, the hedge fund at the center of the GameStop drama, lost 53% in January but received commitments for fresh cash from investors in the last days of the month, a source familiar with the fund said on Sunday. Melvin ended January with more than $8 billion in assets after having started the yea...