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Video Explainer: What’s going on in Wall Street

How small investors took on a giant

SAMAA | - Posted: Jan 29, 2021 | Last Updated: 2 months ago
SAMAA |
Posted: Jan 29, 2021 | Last Updated: 2 months ago

A groundbreaking battle has begun after a community of small (amateur) investors turned the tables on Wall Street giant Melvin Capital — a hedge fund managing assets worth over $12 billion. Melvin Capital’s multi-billion-dollar bet on the failure of GameSpot, a loss-making video game retailer, cost it dearly after small investors joined forces using the internet technology. They have taught Wall Street giants some serious lessons

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