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by toomuchtodo 1945 days ago
Do you have a citation you can offer up with more solid loss numbers? It looks like Melvin alone has lost at least $4.5 billion dollars on the GME short trade, and Citadel/Point72 provided ~$2.75 billion in capital to Melvin.

https://www.reuters.com/article/us-retail-trading-melvin/mel...

1 comments

That is the citation. The person in that clip is speculating about Melvin's losses in particular.
Came across a citation that aligns closer to the $16.8B number quoted on the video citation I provide further upthread.

https://www.cnbc.com/2021/01/29/gamestop-short-sellers-are-s...

> Short-selling hedge funds have suffered a mark-to-market loss of $19.75 billion year to date in the brick-and-mortar video game retailer GameStop, according to data from S3 Partners.

Doesn't attribute losses to specific firms, but the damage is spectacular.