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“Elon Musk calls out Bill Gates for his ‘multi-billion dollar’ Tesla short position” Elon Musk renewed his feud with Bill Gates in a series of tweets in which he slammed his fellow tech billionaire for holding a short position on Tesla shares worth as much as $2 billion. Musk revisited the issue shortly after he…
“Melvin Capital clients fume at founder Gabe Plotkin” Melvin Capital said it is finally shutting down after getting clobbered by Reddit investors last year — and now clients are doubly angry because its founder Gabe Plotkin is still charging them fees, The Post has learned. Plotkin — whose massive short positions in “meme stocks” like…
“Melvin Capital down 23.3% year to date as founder considers winding down fund” Embattled hedge fund Melvin Capital reported another down month — just weeks after founder Gabe Plotkin said he was considering winding down the fund. Melvin — still struggling to recover after a massive short squeeze on meme stock GameStop crushed his fund in January 2021…
“Wall Street short sellers target Trump’s Truth Social app” Wall Street traders are telling me they can’t wait for the Securities and Exchange Commission to give the green light to Digital World Acquisition Corp., the shell company holding former President Donald Trump’s new right-wing Twitter alternative named “Truth Social.” And it’s not because they like…
“Elon Musk’s Twitter buy ‘good for America’” “Big Short” investor Michael Burry touted Elon Musk’s purchase of a sizable stake in Twitter as a net positive for the US – putting aside his occasionally frosty relationship with Tesla’s billionaire CEO. Burry rose to national prominence after his bet against the subprime mortgage crisis was chronicled…
“Short seller’s Ponzi scheme tip spurs Las Vegas FBI raid, gunfire” A Ponzi scheme that brought in an estimated $300 million ended with FBI agents showing up at the fraudster’s door and shooting him in the middle of a bizarre four-hour standoff, according to a report. The FBI raided the residence of Las Vegas attorney…
“#Short seller Spruce Point targets TaskUs, a Facebook moderator” Hedge fund Spruce Point Capital said it has bet against the shares of a company Facebook uses to screen controversial message chats, claiming the firm has a pattern of painting an overly rosy picture of its business. TaskUs is one of more than 10 outside moderators…
“#Tesla short-seller no longer ‘hostile’ to Elon Musk’s ‘bulls–t’” After slamming Elon Musk as a “liar” for years, short-seller Carson Block says he’s come to develop a “newfound understanding” of the Tesla CEO’s “bulls**t. In a colorful letter obtained by The Post — Block’s first missive to investors since starting Muddy Waters Capital six years ago — the…
“#Short sellers doubling down on Robinhood, betting it’s poised to fall” Robinhood’s stock is hot with investors – and short sellers, too. More than 12.5 million HOOD shares — or roughly 25 percent of the float — were shorted as of the close of trading on Wednesday, according to data from S3 Partners. By comparison,…
“#Could Wall Street and Main Street join to short Robinhood post-IPO?” Could Robinhood’s hotly anticipated IPO make it a short-selling target of both the hedge funds and the “Reddit Rally” retail crowd normally bent on destroying Wall Street? The word on the Street — and among some users of Reddit’s popular WallStreetBets chatroom — is…