City Melvin Financial News
15.05 / 10:53
UPS
Target
Entertainment
GameStop
Reddit
Trade
roaring kitty
Is Roaring Kitty the internet’s Warren Buffett?
The question everybody on Wall Street is asking this week: How is GameStop suddenly a big thing again? However, the more interesting question might be: Why was it still kind of a thing last week? On Tuesday, shares in videogame retailer GameStop rose 60% to $49 a piece, having already gained 74% Monday. Those of AMC Entertainment were up 135% on the week at Tuesday’s close. This new rally was triggered by X user “Roaring Kitty," who had been inactive for almost two years before posting a drawing of a man leaning forward on a chair.
05.06 / 00:33
markets
security
GameStop
Trade
Universities
reports
This GameStop episode may be different
Keith Gill, aka Roaring Kitty, is reportedly under scrutiny from regulators and at risk of losing access to Etrade, following publicity earlier this week of his holding of more than $116 million in GameStop stock.
13.05 / 12:49
11.10 / 16:51
Wall Street Memes
WSM
Buyback
Wall Street Memes Launches Epic Community Short Squeeze on Completion of $1M Buyback
Wednesday, October 11th, 2023 – New top meme coin Wall Street Meme’s has completed a one million $WSM buyback, pushing the price up 32% to $0.048 as it launches a community ‘short squeeze’ campaign reminiscent of the GameStop meme stocks phenomenon.
25.09 / 14:09
regulation
GameStop
regulators
financial conduct authority
FCA
ad
FCA commissions cinema ad ahead of GameStop movie to dissuade 'hype' investing
The ad forms part of the FCA’s ongoing InvestSmart campaign, which launched in 2021 and is set to run for five years in total, is focused on raising newer investors’ awareness to high-risk investments.
03.07 / 12:37
12.08 / 00:37
Law
regulation
Trading
stocks
class action
Robinhood to face class action lawsuit from meme stock debacle: Report
Cryptocurrency and stock trading platform Robinhood will allegedly face allegations of market manipulation as part of a class-action lawsuit brought by investors in “meme stocks” from nine different companies during a January 2021 rally.
11.08 / 19:35
SEC
Melvin Capital’s risk controls under SEC investigation
The US Securities and Exchange Commission is looking into Melvin Capital Management's risk controls and investor disclosure after the hedge fund was crippled by the meme-stock rally last year, said people familiar with the matter.
19.05 / 12:27
GameStop
Melvin Capital, which took a bath on GameStop and meme stocks, to liquidate funds
Melvin Capital plans to close its funds and return the cash to its investors, capping a stunning reversal for a firm that lost big on the surge in meme stocks in the early days of the pandemic.
19.05 / 01:39
UPS
GameStop
Melvin Capital says it's winding down funds and returning money to investors during market turmoil
Melvin Capital Management, the hedge fund burned by the GameStop mania, said it will unwind its funds and return cash to investors as losses accelerated during the market turmoil this year, CNBC confirmed.
25.04 / 09:59
Hedge fund Melvin Capital scraps plans to restart charging performance fees
Gabe Plotkin scrapped a plan to start charging performance fees again at his beleaguered hedge fund, Melvin Capital Management, after encountering backlash from investors.
21.04 / 06:31
UPS
ETF
Waters
Embattled hedge fund Melvin Capital weighs unwinding current fund to start new one, sources say
Melvin Capital, the embattled hedge fund run by its once high-flying founder Gabe Plotkin, has been discussing a novel plan with its investors under which the firm would return their capital, while giving them the right to reinvest that capital in what would essentially be a new fund run by Plotkin.
15.02 / 05:27
UPS
FIVE
ETF
Samsung
Metaverse ETFs are booming in South Korea and retail investors are piling in
Metaverse exchange-traded funds are booming in South Korea as retail investors buy into funds focused on tech's new frontier.
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