1 upvotes, 1 direct replies (showing 1)
I don’t think Melvin will actually go bankrupt. They have a pretty good track record and some pretty good people. If things continue going south I suspect they’ll get bought out.
Comment by crazydr13 at 27/01/2021 at 14:15 UTC
1 upvotes, 1 direct replies
Apparently they’ll be $13billion in the red at open today and the situation is only getting worse for them. They definitely have smart people but they may have gotten cocky and now the waters boiling. I’m not sure any company would want to take on that much debt. I see them declaring bankruptcy, then easily getting the money to start a new fund.