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/biz/ - Business & Finance


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26617889 No.26617889[DELETED]  [Reply] [Original]

Melvin capital has a 1 billion dollar position in EXPE
EXPE is a 19 billion dollar company
short it
Melvin has to liquidate and sell it
Melvin owns 10.2M shares: https://finance.yahoo.com/quote/EXPE/holders?p=EXPE

>> No.26618249

>>26617889
OK or I just buy GME?
Melvin only has 1/19th of EXPE but Melvin needs to buy 100% of GME

>> No.26618493

>>26617889
>Coordinating a short
What’s happening with GME is legal, but this is not.