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Friday, 29 January 2021

The Big Short-Squeeze: US Hedge Funds Lose $70 Billion in January Betting Stocks Will Fall

GameStop's stock has jumped nearly 400% in the last business week, with a 70% gain on Friday alone, despite numerous attempts by brokerage firms to limit traders' ability to buy stock in the struggling video game vendor. Paradoxically, this has caused several institutional investors to lose billions for betting against its success.

from Sputnik News - World News, Breaking News & Top Stories https://ift.tt/2MA5Gmu
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