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This hedge fund made 35% on its Twitter bet — now it’s shorting GameStop and AMC’s ‘absurd’ valuations
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In May, Bireme Capital took a roughly $10m position in Twitter. It wagered that Elon Musk would be forced to buy the social networking platform.
That bet is now up 35% and the US-based hedge fund has now found another opportunity: Shorting meme stocks.
“We have been shorting a bunch of stocks, including GameStop, AMC, and DWAC [Digital World...
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