Tag: short selling

‘Flat out false’ — Ken Griffin says Citadel doesn’t use personal information from retail investors

Citadel CEO Ken Griffin dismissed as "flat out false" the accusation that his firm improperly uses information it garners from its market-making operation.Griffin spoke...

Citadel billionaire Ken Griffin defends Melvin stake against ‘an insane conspiracy theory’

Ken Griffin, the billionaire CEO of hedge fund Citadel, defended his $2 billion investment in short seller Gabe Plotkin's Melvin Capital last month amid...

Warren presses Citadel CEO Griffin about relationship with Robinhood, payment for order flow

Sen. Elizabeth Warren, D-Mass.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesSen. Elizabeth Warren is pressuring Citadel CEO Ken Griffin about his firm's relationship...

Bill Gates likens GameStop frenzy to gambling, says such speculation has no societal purpose

Bill Gates told CNBC the Reddit-fueled trading mania in GameStop and other stocks was reminiscent of betting at a casino and not investing."People enjoy...

Interactive Brokers chair says financial system came ‘dangerously close’ to failure during GameStop mania

Interactive Brokers chairman Thomas Peterffy told CNBC Wednesday that the U.S. financial system faced greater stress during the GameStop trading frenzy than is generally recognized."We have...

Op-ed: What Wall Street can learn and must fix from the GameStop fiasco

Rafael Henrique | LightRocket | Getty ImagesThe past two weeks have seen an astonishing number of allegations about the motives of the main actors...

Cramer: GameStop trading frenzy unlikely big enough to topple entire stock market

CNBC's Jim Cramer said Monday he believes the Reddit-sparked trading frenzy in GameStop and a few other stocks is unlikely to sink the broader U.S. equity...

Forget GameStop Hysteria, You Don’t Want To Live In A World Without Short Sales, Or ‘Naked Shorting’

An entrepreneur who fails to use his capital to the “best possible satisfaction of consumers” is “relegated to a place in which his ineptitude...

GameStop short sellers are still not surrendering despite nearly $20 billion in losses this month

People walk past a GameStop store in Midtown Manhattan on January 27, 2021 in New York City.Michael M. Santiago | Getty ImagesThe astronomical rally...

What pro traders, the Reddit crowd and regulators may do next in the GameStop short squeeze saga

The Reddit forum WallStreetBets on a smartphone arranged in Sydney, Australia, on Thursday, Jan. 28, 2021.Brent Lewin | Bloomberg | Getty ImagesWhat's next for...

GameStop traders outsmart the smart guys, leaving an indelible mark on Wall Street

Small investors outsmarted the smart money, and the war between the Reddit traders and hedge funds seems to have made an indelible mark on...

This is how Wall Street thinks the Reddit-fueled GameStop trade unravels

The Reddit forum WallStreetBets logo on a smartphone arranged in Sydney, Australia, on Thursday, Jan. 28, 2021.Brent Lewin | Bloomberg | Getty ImagesThe war...

Robinhood raises $1 billion and taps credit lines to make trading of GameStop available to customers

Robinhood raised $1 billion overnight from investors to shore up its balance sheet as the brokerage app was set to ease restrictions in the...

Reddit frenzy pumps up Dogecoin, a cryptocurrency started as a joke, by over 800%

In this photo illustration, visual representations of digital cryptocurrencies, Bitcoin, Litecoin, Dogecoin, Ethereum and Ripple are arranged.Yuriko Nakao | Getty Images News | Getty...

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