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GameStop bull 'Roaring Kitty,' MassMutual hit with securities lawsuit

The social media persona "Roaring Kitty", who became a key player in last month's frenzied rally in shares of GameStop Corp, is facing a lawsuit alleging he violated securities laws and caused "huge losses" for investors, just a day before he is set to testify before U.S. ....

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Maplelane raises bearish option bets on GameStop, American Airlines

Hedge fund Maplelane Capital in December raised its bearish options bets on GameStop Corp and American Airlines Group Inc, companies that were at the heart of a retail investor-led rally in heavily shorted stocks earlier this year. ....

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Elon Musk says he supports top dogecoin holders selling most of their coins

Billionaire Elon Musk said on Sunday that he supports major holders of the meme-based digital currency dogecoin selling most of their coins, adding that he felt too much concentration in dogecoin was the "real issue". ....

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Wall Street gears up for second bout against Reddit traders

4 Min Read
BOSTON/LONDON (Reuters) - Wall Street is gearing up for another week of market mayhem, with signs that the retail frenzy that pumped up the stock prices of the likes of GameStop Corp and AMC Entertainment Holdings Inc is spreading to other assets.
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Some of Wall Street’s largest hedge funds are still licking their wounds after retail traders sought to drive up the prices of stocks that were heavily bet against, resulting in large losses for major investors.
Melvin Capital, a 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, Reuters reported on Sunday. ....

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GameStop situation unlikely in France, says market regulator

By Reuters Staff
1 Min Read
FILE PHOTO: GameStop logo is seen near displayed stock graph in this illustration taken February 2, 2021. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
PARIS (Reuters) - France is unlikely to see a situation similar to the volatile trade in shares of U.S. video games retailer GameStop, the head of France’s AMF market regulator said on Friday.
“It is improbable in France and Europe, but it is a situation to which we have to pay close attention,” AMF head Robert Ophele told Boursorama TV.
Investors who followed popular Reddit forum WallStreetBets helped push GameStop shares to a closing high of $347.51 on Jan. 27 as part of a strategy to squeeze hedge funds that had taken short positions on the stock. ....

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