At least one Wall Street firm has taken heavy losses β Melvin Capital Management, which was shorting GameStop, among other bets. Itβs been bailed out by Citadel, which, confusingly, is not the same thing as Citadel Securities. (Citadel is a hedge fund, not a market maker.)
At least one Wall Street firm has taken heavy losses β Melvin Capital Management, which was shorting GameStop, among other bets. Itβs been bailed out by Citadel, which, confusingly, is not the same thing as Citadel Securities. (Citadel is a hedge fund, not a market maker.)