Robinhood Markets struggled to handle huge volumes of stock trading and sparred with its principal customer, market maker Citadel Securities, during the week in January 2021 when meme stocks exploded,...
Tag: Gabe Plotkin
Hedge Fund Melvin Lost $6.8 Billion in a Month. Winning It Back Is Taking a Lot Longer.
Gabe Plotkin wasn’t sleeping. His bets against meme stocks such as GameStop Corp. GME 4.69% were backfiring, and losses at his $12.5 billion hedge fund were mounting. Strangers angry about his wagers ...