GameStop Short Seller Melvin Gets $2.75B Funding From Citadel, Point72
GameStop Corporation (NYSE: GME) short seller Melvin Capital Management LP said Monday it had received $2.75 billion in investment from hedge funds Citadel and Point72. What Happened: While Citadel and its partners are investing $2 billion, Point72 is pumping in $750 million into Melvin Capital, the firm’s CEO Gabriel Plotkin said in a statement. “The team at Melvin is eager to get to work and reward the confidence of these two great investment icons,” said Plotkin. Point72 has already invested $1 billion invested in Melvin, as of 2019. The investments are in Melvin’...