GameStop Promoter Keith Gill Was No “Amateur” Trader; He Held Sophisticated Trading Licenses and Worked in the Finance Industry

GameStop Promoter Keith Gill Was No “Amateur” Trader; He Held Sophisticated Trading Licenses and Worked in the Finance Industry

While some hedge funds like Melvin Capital have reportedly lost billions in the short squeeze, other major players on Wall Street have made windfalls. Reuters is reporting that the giant asset manager, BlackRock, “owned about 9.2 million shares, or a roughly 13% stake, in GameStop as of Dec. 31, 2020,” and could have made upwards of $2.4 billion on the rise in the stock since the end of December. Gill also frequently mentioned on his YouTube videos Michael Burry’s long position in the stock as well as Ryan Cohen, whose RC Ventures held a 13 percent stake in GameStop.

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‘Big Short’ investor Michael Burry made a 1,500% gain on GameStop during its Reddit-fueled rally

Along with Chewy cofounder Ryan Cohen, Burry has been agitating for changes at GameStop for a while. The Scion boss penned a letter to the company’s directors in August 2019, arguing the low stock price and massive short interest suggested a lack of faith in management, and calling for a massive share buy-back.

Kremlin urged to freeze payments from ‘foreign agents’ such as US state media outlets over claims they fund info war in Russia

Kremlin urged to freeze payments from ‘foreign agents’ such as US state media outlets over claims they fund info war in Russia

Orlov claims in his statement that one such organization has been demonstrated to have “organized unauthorized street political actions in Russian cities.” He added: “At the same time, representatives of the organization disseminated information on social networks and in the media that they were ready to pay the fines of citizens received as a result of committing offenses at these events.”