Re: <nettime> GameStop Never Stops

[Florian Cramer <flrncrmr@gmail.com>]

Postscript to Jens Berger's article that I had posted yesterday:

> This leads to the overlooked question: Who did sell the shares to the hedge
> funds and the hobby speculators during the turmoil? Were it professionals
> like ['Big Short' investor Michael] Burry, [Elon] Musk and the Winkelvoss
> brothers? Or Reddit power users who masterminded the whole coup? The whole
> thing literally smells of market manipulation and one can only hope that the
> circumstantial evidence will now be investigated.

Turns out that one of the big winners is (drumroll): a hedge fund, Senvest Management, 

which made a profit of $700 million from selling Gamestop shares that it had cheaply 

acquired in September to Gamestop/Robinhood players:

https://www.wsj.com/articles/this-hedge-fund-made-700-million-on-gamestop-11612390687

-F

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