1 upvotes, 1 direct replies (showing 1)
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.
Comment by [deleted] at 27/01/2021 at 14:18 UTC
2 upvotes, 1 direct replies
Eh idk that they were super cocky, let’s be real, if WSB didn’t make a meme of GameStop I’d say it was a good decision to short. GameStop is a dead company and has been for a long time.
Whatever the mechanism is, whether it’s a buyout or the people just get brought into a bigger firm, everyone at Melvin will be fine.