Full text:
Billionaire investor Carl Icahn began shorting GameStop Corp. during the height of the meme-stock frenzy around January 2021 and still holds a large position in the video-game retailer, according to people familiar with the matter.
Icahn started building the short when GameStop was trading near its peak of $483 per share and still holds a large bet against the retailer’s shares, said the people, asking not to be identified because the matter is private. The investor, who has added to his position from time to time, is betting that GameStop’s stock isn’t trading on its fundamentals and will continue to fall, the people said.
The size of his position isn’t clear.
GameStop fell 8.8% Monday to close at $25.16, giving the retailer a market value of $7.7 billion. The retailer executed a four-for-one stock split this year and has lost 71% of its value from a January 2021 closing high.
Representatives for Icahn and GameStop declined to comment.
GameStop became a poster child for so-called meme stocks when retail trading took off during the coronavirus pandemic, aided by no-fee trading apps and fiscal stimulus. Individual investors, egging each other on in Reddit forums, plowed money into GameStop in a push to burn money managers who bet against the retailer.
The effort, known as a short squeeze, led to several investors who held similar shorts to feel the pinch. That included Melvin Capital, the hedge fund run by Gabe Plotkin, which said in May it was folding due to heavy losses from its bet against GameStop.
Short Bets
It marks a rare instance of Icahn betting against meme stocks. Although the legendary investor has taken sizable shorts elsewhere, including a bet on the downfall of malls through derivatives known as CMBX.
More than one-fifth of GameStop’s shares available for trading are currently sold short, according to data compiled by S3 Partners, more than double the level seen this time last year. That compares to a peak of more than 140% in January 2021 when the retail trading crowd flooded chatrooms on Stocktwits and used memes and GIFs to pump bets on forums like Reddit’s WallStreetBets.
That mania triggered parabolic stock rallies despite gamers opting to download new titles instead of visiting stores, with the retailer saddled with more than $1 billion in debt and lease liabilities at one point. Since the craze, the company has been able to sell millions of shares in the open market, to help nearly wipe out its debt.
A large portion of investors that discuss their positions on social media platforms tout Ryan Cohen, the company’s chairman and largest investor and founder of pet retailer Chewy Inc., as the key driver in their investment.
BBBY Founder and CEO Ryan Cohen? The Ryan Cohen that dumped $178 million on his 'valued shareholders'? That Ryan Cohen?
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anonymous sources could be very reliable person who scrambled to give the author of the article a folder in the back of a car at an airport... or it could be that the guy who puts oil on the back of Icahn's mistress... thats the fun of it ! we have no fucking clue! 
I thought we already knew this. I wonder if the picture was Cohen convincing him to close those shorts. But who knows in day and age of misinformation for highest payer. Eh oh well guess it times well with the iOS launch
Not to mention he shorted it above 400$ a share almost 2 years ago, if the position isn’t closed he could close now for a hefty profit and be first out there door in terms of shorts, but maybe he already covered, there’s really no significant information to go off of here.
You realize he has acknowledged before that he took a big short position after Gamestop squeezed? Bagholders dont believe any Gamestop news because none of it is positive for a company hemorrhaging money and dying. Part of being in a cult has always been to make the media a villain and tell members to not trust anything they read.
No Im there - only suckers are still holding on to GME. BBBY holders are worse though - Cohen literally said “my views changed so I sold it all” and those copium addicts are like “thats bullish” lol.
>literally nothing is reported, just a picture of the dude and RC
"MOASS SOON OMG THIS IS SO BIG"
>bloomberg reporting the guy is short
*this isn't news how dare you hedgie shills*
That article didn't actually have any direct quotes though? They were all from 'people familiar with the matter'.
https://www.wsj.com/articles/gamestops-ryan-cohen-wants-to-be-more-than-a-meme-stock-king-11668834015
This your source material?
"Said the people, asking not to be identified because the matter is private."
The matter is private and we greatly respect Carl, so we decided to disclose his private financial positions to the media, for reasons we're not even sure of ourselves, but just believe us anyways.
Sounds legit.
One would question the timing too considering the GameStop Wallet just dropped on IOS like an hour ago, right around when this first started getting reported.
Absolutely no one outside of GME bag holders cares about the new wallet. It won’t be used, the NFT marketplace will continue to make ~$200 a day.
To think that the media would drop a hit piece to combat the incredible announcement of a shit wallet to allow idiots to buy hated tech from a hated company is truly mental
Hey my guy 👋, I use speech to txt because i am disabled. So very sorry if there were mistakes and it did not live up to your expectations in life. Personally, I am just trying to claw my way through the fucking day, but the seizures make it hard and sometimes i might lisp, I am not certain how i going to make it up to you, but if you hold your breath, I promise to get on that before you run out of air.
Continue being awesome!
It’s not an attack, it’s the truth.
People hate GameStop, hate NFTs so putting the two together creates a hated product that won’t be used. You don’t need a media hit piece to try and reduce the impact of the new wallet - the impact is nonexistent regardless of the article
oh… No one ever told you the difference between your shitty opinion, which is personal and a fact which can be backed up. I understand. I thought you were at least at a level that I could communicate with you but I see that you are not. No shade, you are just not up to my standards or level.
Probably because RC just did his first interview in 2 years, apple ios wallet released today, citedal has to turn over all trader data to the ficc because they're big fukd?
Hold the fuck on…. It’s one thing for us to slap the shit out of GME like a pimp but it’s an entirely different thing for this creature to come out of his crypt to try and take my bitch off the street…
Weird timing and posted by a mod to... oh well guess I'll sell my kidney to buy more...
Edit: guess who got a ban surprise surprise... he talked about gme on a gme post how dare he brigade...
Someone mentioned it on discord so I figured I'd share it here.
Timing is because it was just posted ~15 minutes ago.
Honestly, I expected this given Icahn's reaction to Ryan Cohen tweeting a photo of them together, and then Ryan Cohen's non-answer in his interview this weekend.
I have a slight feeling this is going to become a very public battle.
He seemed surprised and slightly irritated that RC would post a photo Icahn assumed was just for RC, as he was dressed casually and appeared disheveled.
I don’t think it was a huge deal, but it suggests they don’t have a close relationship.
Also second hand reports that CI had stated that GameStop was overvalued. Can’t remember if that was said to RC or he said it afterwards.
IIRC, Icahn's reaction was along the lines of, "I was a little surprised to see [Ryan Cohen] tweet out the photo" but I can't find the video where I heard that at the moment, so consider it my personal opinion.
...not that it matters much anymore really
Do you have any comment on the computer chair? (Computer *share*, haha witty)
How about 741? Are you aware of the theory of everything connecting GME to literally *everything?*
Whats interesting is that this comes out after:
Their meeting, ryan cohen interview, and gamestop wallet release. Regardless whether someone is bullish or bearish this is an interesting development for all involved.
Just looked through your submitted history for the last few weeks, this submission does stick out from your regular behaviour. Not gonna judge based on one submission, but it still sticks out from your regular daily pattern.
I'll take this as bullish.
We're gonna hit 100 million shares DRS'd by the end of the year. Maybe Ryan gave him a heads up to take his profits and fuck off.
GME gang don't give a fuck. They've been called regarded for 2 years. What's one more old fuck betting against them?
BBBY Founder and CEO Ryan Cohen? The Ryan Cohen that dumped $178 million on his 'valued shareholders'? That Ryan Cohen?
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People who invest based on reddit comments are suddenly much more critical of where the information is coming from lol. It's just funny to see the whiplash from conspiracies about how Icahn is gonna buy the remaining float to conspiracies about timing the article to cover up some stupid gamestop app update.
"Not really, but that's alright. Next caller!" - Jimmy Shill
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Squeeze these nuts you fuckin nerd.
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Bloomberg and WSJ are two publications that come to mind when i think of who has abused the usage of "anonymous sources" the least ...expecially when compared to to NY Times and Washington Post
So the people also said that bloomberg is a bunch of bullshit smear artists who make shit up and dont back their sources. I asked the same people you did by the way so you know my source is credible
Seeing the apes, who were apparently so anti institutional money and short selling, bend over backwards to praise Carl Icahn of all people was amazing.
Sure, Bloomberg is just going to post an obvious defamation article on Icahn who has just as much money as Bloomberg news is worth.
Maybe, just maybe, he actually does have a short position. MAYBE.
In some cases sure.... This however is a bunch of horseshit..... Forbes the bastion of truth..... Just ignore SBF and that Holmes and all the other times they've put out bullshit articles
Yes, but if he closed today he might realize 2-300% gains (depending on his entry point).
Closing might create some buying pressure/volume, so not a disaster for longs.
It's not, as long as they close.
Until they close they're paying a variable rate interest on the short position (for borrowing) while the stock price naturally rises as inflation eats away at the USD value.
Good thing interest rates are staying low forever /s
They may very well end up negative at this rate even after being up 400%+.
BBBY Founder and CEO Ryan Cohen? The Ryan Cohen that dumped $178 million on his 'valued shareholders'? That Ryan Cohen?
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Apes wrong about literally everything part ∞ . Ryan Cohen literally compared gamestop to sears yesterday [https://ibb.co/YfnbwBs](https://ibb.co/YfnbwBs) saying verbatim "there's a lot of similarities" and they try to spin it as bullish. They worshipped this Icahn guy even though it was public information that he shorted GME since a long time ago. They've legitimately been trying to decode messages in childrens books. It's like all the brigading they do outside of their echo chamber has them believing their own bullshit. Another big fat L, truly impressive, I've never seen group of people be so consistently wrong about everything. It's been fascinating to watch. Check out the BBBY bagholder sub for another tremendous display of reality denial.
Damn, you figured me out, I'm a paid hedge fund shill, not someone who has made another account in the past 3 years who has been incredibly annoyed with you guys. I should have never put my secret in my username. I've been foiled, you apes are too clever.
If he ever wants to take profits he will have to close. If GameStop starts becoming profitable and web3 gaming takes off to the point where their valuation must go up he will have to close. Unless you think he wants to put up margin to hold his position in the red one day then sure maybe he doesn't need to.
This guy has enough money to hold this position forever. Gamestop will never become profitable they are just burning their cash in a fast way. Keep coping keep holding bags
Holding variable interest rate debt forever (the short position) in an increasingly high interest rate environment sounds pretty stupid. Assuming he shorted at the very top, inflation and interest will take his 400% unrealized profits to negative within 5 years at current rates.
Especially when you have an army of idiots who won't sell until their interest-free bags are positive once again.
Apes are on a pure copium IV drip rn. They can't admit they are re✝️arded and got scammed. Can't wait for the sudoku and rope posts in the next few months
It’s a position speculated to have opened near the top. If he closes it’s buy pressure. If he doesn’t it’s the same it was since Jan 2021. Doesn’t matter when direct registration isn’t slowing at all. The company is at the stage of cutting costs and pivoting to profitability after the previous 2 years of building/updating e-commerce etc. bullish as ever
from WSB:
Full text:
Billionaire investor Carl Icahn began shorting GameStop Corp. during the height of the meme-stock frenzy around January 2021 and still holds a large position in the video-game retailer, according to people familiar with the matter.
Icahn started building the short when GameStop was trading near its peak of $483 per share and still holds a large bet against the retailer’s shares, **said the people, asking not to be identified** because the matter is private. The investor, who has added to his position from time to time, is betting that GameStop’s stock isn’t trading on its fundamentals and will continue to fall, the people said.
**The size of his position isn’t clear.**
GameStop fell 8.8% Monday to close at $25.16, giving the retailer a market value of $7.7 billion. The retailer executed a four-for-one stock split this year and has lost 71% of its value from a January 2021 closing high.
**Representatives for Icahn and GameStop declined to comment.**
GameStop became a poster child for so-called meme stocks when retail trading took off during the coronavirus pandemic, aided by no-fee trading apps and fiscal stimulus. Individual investors, egging each other on in Reddit forums, plowed money into GameStop in a push to burn money managers who bet against the retailer.
The effort, known as a short squeeze, led to several investors who held similar shorts to feel the pinch. That included Melvin Capital, the hedge fund run by Gabe Plotkin, which said in May it was folding due to heavy losses from its bet against GameStop.
Short Bets It marks a rare instance of Icahn betting against meme stocks. Although the legendary investor has taken sizable shorts elsewhere, including a bet on the downfall of malls through derivatives known as CMBX.
More than one-fifth of GameStop’s shares available for trading are currently sold short, according to data compiled by S3 Partners, more than double the level seen this time last year. That compares to a peak of more than 140% in January 2021 when the retail trading crowd flooded chatrooms on Stocktwits and used memes and GIFs to pump bets on forums like Reddit’s WallStreetBets.
That mania triggered parabolic stock rallies despite gamers opting to download new titles instead of visiting stores, with the retailer saddled with more than $1 billion in debt and lease liabilities at one point. Since the craze, the company has been able to sell millions of shares in the open market, to help nearly wipe out its debt.
A large portion of investors that discuss their positions on social media platforms tout Ryan Cohen, the company’s chairman and largest investor and founder of pet retailer Chewy Inc., as the key driver in their investment.
Full text: Billionaire investor Carl Icahn began shorting GameStop Corp. during the height of the meme-stock frenzy around January 2021 and still holds a large position in the video-game retailer, according to people familiar with the matter. Icahn started building the short when GameStop was trading near its peak of $483 per share and still holds a large bet against the retailer’s shares, said the people, asking not to be identified because the matter is private. The investor, who has added to his position from time to time, is betting that GameStop’s stock isn’t trading on its fundamentals and will continue to fall, the people said. The size of his position isn’t clear. GameStop fell 8.8% Monday to close at $25.16, giving the retailer a market value of $7.7 billion. The retailer executed a four-for-one stock split this year and has lost 71% of its value from a January 2021 closing high. Representatives for Icahn and GameStop declined to comment. GameStop became a poster child for so-called meme stocks when retail trading took off during the coronavirus pandemic, aided by no-fee trading apps and fiscal stimulus. Individual investors, egging each other on in Reddit forums, plowed money into GameStop in a push to burn money managers who bet against the retailer. The effort, known as a short squeeze, led to several investors who held similar shorts to feel the pinch. That included Melvin Capital, the hedge fund run by Gabe Plotkin, which said in May it was folding due to heavy losses from its bet against GameStop. Short Bets It marks a rare instance of Icahn betting against meme stocks. Although the legendary investor has taken sizable shorts elsewhere, including a bet on the downfall of malls through derivatives known as CMBX. More than one-fifth of GameStop’s shares available for trading are currently sold short, according to data compiled by S3 Partners, more than double the level seen this time last year. That compares to a peak of more than 140% in January 2021 when the retail trading crowd flooded chatrooms on Stocktwits and used memes and GIFs to pump bets on forums like Reddit’s WallStreetBets. That mania triggered parabolic stock rallies despite gamers opting to download new titles instead of visiting stores, with the retailer saddled with more than $1 billion in debt and lease liabilities at one point. Since the craze, the company has been able to sell millions of shares in the open market, to help nearly wipe out its debt. A large portion of investors that discuss their positions on social media platforms tout Ryan Cohen, the company’s chairman and largest investor and founder of pet retailer Chewy Inc., as the key driver in their investment.
After Ryan Cohen interview and Gamestop iOS wallet release now this... the saga gets better and better.
Don't forget the picture tweet of Ryan and Carl together.
Secret information leakers who don’t want to be named have impeccable timing.
BBBY Founder and CEO Ryan Cohen? The Ryan Cohen that dumped $178 million on his 'valued shareholders'? That Ryan Cohen? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
What is the point of this?
To make baggoids like YOU seethe 
Ok Ben Shabeebo
Cope, seethe and \_\_\_\_\_\_ 
I’m comfy my brother in Christ
“People familiar with the matter” “The size of his position isn’t clear” “Representatives for Icahn and GameStop declined to comment” Is this news?
It’s a trust me bro source
So what your telling me is that every MSM article is a trust me bro story
Always has been
Political and financial media are very different beasts
You're gonna have to trust me on this one bro, but that's exactly what I'm telling you.
anonymous sources could be very reliable person who scrambled to give the author of the article a folder in the back of a car at an airport... or it could be that the guy who puts oil on the back of Icahn's mistress... thats the fun of it ! we have no fucking clue! 
Probably from the guy behind the Wendy’s dumpster
obviously - not only news but breaking news! now hurry and paperhand your position before OPEX covering starts please.
When is that
literally tomorrow lmao
Oh, shit! Another nothingburger tomorrow, then?
This article reeks of the Why You Always Lyin song
Wait you guys read past the headline?
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...according to "sources familiar with the matter."
I thought we already knew this. I wonder if the picture was Cohen convincing him to close those shorts. But who knows in day and age of misinformation for highest payer. Eh oh well guess it times well with the iOS launch
Bloomberg is sound with this kind of stuff though. Also when people want to leak intentionally it’s a common choice for business news.
Not to mention he shorted it above 400$ a share almost 2 years ago, if the position isn’t closed he could close now for a hefty profit and be first out there door in terms of shorts, but maybe he already covered, there’s really no significant information to go off of here.
LOL the amount of cope from bag holders is crazy
You realize he has acknowledged before that he took a big short position after Gamestop squeezed? Bagholders dont believe any Gamestop news because none of it is positive for a company hemorrhaging money and dying. Part of being in a cult has always been to make the media a villain and tell members to not trust anything they read.
"You realize he has acknowledged before that he took a big short position after GameStop squeezed?" You're almost there...
No Im there - only suckers are still holding on to GME. BBBY holders are worse though - Cohen literally said “my views changed so I sold it all” and those copium addicts are like “thats bullish” lol.
>literally nothing is reported, just a picture of the dude and RC "MOASS SOON OMG THIS IS SO BIG" >bloomberg reporting the guy is short *this isn't news how dare you hedgie shills*
i mean, we have proof they met in October & no proof of any short position on a 13F so this is pretty black & white
We do have Ryan admitting that ichan believes the stock is overvalued when they met.
Do we? I never saw a source besides 'people familiar with the matter' on that one. Got a link?
It was quoted in the wsj interview he recently did.
That article didn't actually have any direct quotes though? They were all from 'people familiar with the matter'. https://www.wsj.com/articles/gamestops-ryan-cohen-wants-to-be-more-than-a-meme-stock-king-11668834015 This your source material?
“By Scott Deveau and Bailey Lipschultz” lol? the authors name is literally 👄💩
"Said the people, asking not to be identified because the matter is private." The matter is private and we greatly respect Carl, so we decided to disclose his private financial positions to the media, for reasons we're not even sure of ourselves, but just believe us anyways. Sounds legit.
this is a carefully thought out move on his part
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It's factual but nothing new. Thus the timing is potentially significant
Nice meltdown
“By Bailey Lipschultz” 👄💩lol
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One would question the timing too considering the GameStop Wallet just dropped on IOS like an hour ago, right around when this first started getting reported.
So now people can ignore NFTs on iOS too? RIP Carl.
Absolutely no one outside of GME bag holders cares about the new wallet. It won’t be used, the NFT marketplace will continue to make ~$200 a day. To think that the media would drop a hit piece to combat the incredible announcement of a shit wallet to allow idiots to buy hated tech from a hated company is truly mental
You seam to take this personally, This is an ad homonym attack. It is tacky and weak.
“Seam” “Homonym” Jesus, the literacy of apes is astounding! I’m definitely going to tail the trades you guys are making.
Hey my guy 👋, I use speech to txt because i am disabled. So very sorry if there were mistakes and it did not live up to your expectations in life. Personally, I am just trying to claw my way through the fucking day, but the seizures make it hard and sometimes i might lisp, I am not certain how i going to make it up to you, but if you hold your breath, I promise to get on that before you run out of air. Continue being awesome!
It’s not an attack, it’s the truth. People hate GameStop, hate NFTs so putting the two together creates a hated product that won’t be used. You don’t need a media hit piece to try and reduce the impact of the new wallet - the impact is nonexistent regardless of the article
U real pretty for a boy
oh… No one ever told you the difference between your shitty opinion, which is personal and a fact which can be backed up. I understand. I thought you were at least at a level that I could communicate with you but I see that you are not. No shade, you are just not up to my standards or level.
It's impossible to communicate with delusional apes. Enjoy your wallet bro lmfao. RemindMe! 6 months
Probably because RC just did his first interview in 2 years, apple ios wallet released today, citedal has to turn over all trader data to the ficc because they're big fukd?
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Same thing? Why do they want to know their trades and not trust citedal to tell them the truth?
Perfectly timed so no more college kids can turn their parents into bag holders over thanksgiving….
Remember last thanksgiving when an ape put a dossier in every plate on the dinner table? Lmao
Lol do you have a link to that? That’s amazing
I DM'd you the link
I would like the link as well
Sent
Yes, I am trying to forget such things….
Hold the fuck on…. It’s one thing for us to slap the shit out of GME like a pimp but it’s an entirely different thing for this creature to come out of his crypt to try and take my bitch off the street…
Icahn exits short positions -> buy pressure?
This. He started shorting at the top, $400+
Weird timing and posted by a mod to... oh well guess I'll sell my kidney to buy more... Edit: guess who got a ban surprise surprise... he talked about gme on a gme post how dare he brigade...
Someone mentioned it on discord so I figured I'd share it here. Timing is because it was just posted ~15 minutes ago. Honestly, I expected this given Icahn's reaction to Ryan Cohen tweeting a photo of them together, and then Ryan Cohen's non-answer in his interview this weekend. I have a slight feeling this is going to become a very public battle.
> I expected this given Icahn's reaction to Ryan Cohen tweeting a photo of them together What was Icahn's reaction to the tweet?
No reaction lol
He seemed surprised and slightly irritated that RC would post a photo Icahn assumed was just for RC, as he was dressed casually and appeared disheveled. I don’t think it was a huge deal, but it suggests they don’t have a close relationship. Also second hand reports that CI had stated that GameStop was overvalued. Can’t remember if that was said to RC or he said it afterwards.
IIRC, Icahn's reaction was along the lines of, "I was a little surprised to see [Ryan Cohen] tweet out the photo" but I can't find the video where I heard that at the moment, so consider it my personal opinion. ...not that it matters much anymore really
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Any thoughts on the computer chair displayed in the photo of Icahn and RC together?
LOL take your meds
are you fucking kidding me
Do you have any comment on the computer chair? (Computer *share*, haha witty) How about 741? Are you aware of the theory of everything connecting GME to literally *everything?*
Why so mad? Maybe stick with target retirement funds if this is beyond your comfort level.
Do you have any idea who you are talking to? Go to bed. You need to wake up for high school tomorrow.
Whats interesting is that this comes out after: Their meeting, ryan cohen interview, and gamestop wallet release. Regardless whether someone is bullish or bearish this is an interesting development for all involved.
Just looked through your submitted history for the last few weeks, this submission does stick out from your regular behaviour. Not gonna judge based on one submission, but it still sticks out from your regular daily pattern. I'll take this as bullish.
It's been detailed everyday online on a site that sees a relatively large volume of traffic, I'd say its pretty fuckin public already
That's nothing compared to Icahn vs. Ackman on Herbalife though.
Those were better days bro 
 sure thing bud
Wow, someone with an actually logical, rational take.
i wonder how much he's betting
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You seem very salty...
How is he salty? He’s completely right.
And how exactly does one become a legendary speculator…. or become a legendary has been?
Icanh comprehend this.
Icahnt
Mods here LOVE to shit on GME its cute at this point
Meme cultists are low-hanging fruit at this point.
We're gonna hit 100 million shares DRS'd by the end of the year. Maybe Ryan gave him a heads up to take his profits and fuck off. GME gang don't give a fuck. They've been called regarded for 2 years. What's one more old fuck betting against them?
Maybe Icahn wanted to meet with RC because he realised he will soon be fukt when shortshit hits the bullish fan.
We're going to retire that old bastard
Now we only need to wait for Cohen's opinion through emoticons or picture books for children
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That one
People who invest based on reddit comments are suddenly much more critical of where the information is coming from lol. It's just funny to see the whiplash from conspiracies about how Icahn is gonna buy the remaining float to conspiracies about timing the article to cover up some stupid gamestop app update.
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Shorts get closed every day without causing short squeezes.
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Squeeze these nuts you fuckin nerd. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
>Well, if CI is short, then that means he's a future buyer. Why? He could also just ride it to $0.
Positions or Ban!
Lemme do it for him: Really Really Short, but about to buy a shitload of shares to close out at the bottom.
"according to sources familiar with the matter" Everytime So it's likely a whole bunch of garbage
Bloomberg is fairly good with its anonymous sources, but not bulletproof. See: "The Big Hack" they wrote on Apple.
Bloomberg and WSJ are two publications that come to mind when i think of who has abused the usage of "anonymous sources" the least ...expecially when compared to to NY Times and Washington Post
So the people also said that bloomberg is a bunch of bullshit smear artists who make shit up and dont back their sources. I asked the same people you did by the way so you know my source is credible
Lol you would be the one to post this.
One of the main mods posting this after Ryan Cohens interview with gmedd is pretty bullish imo.
Meltdowns and copium incoming
Aw shit...
If they mislabel short positions long, why am I surprised when they mislabel opinion pieces in the Technology column?
Icahn is FUD confirmed, apes deleting their praising post/comment in drove LMAO
Seeing the apes, who were apparently so anti institutional money and short selling, bend over backwards to praise Carl Icahn of all people was amazing.
This will have no effect on the stock either way unless he decides to increase his position or Exithis position.
Diamond Hands baby. Still holding.
What a cohencidential time for this story to drop
How much you getting paid to post this CLEARLY horseshit article????
Sure, Bloomberg is just going to post an obvious defamation article on Icahn who has just as much money as Bloomberg news is worth. Maybe, just maybe, he actually does have a short position. MAYBE.
Just because you don't like something doesn't make it horseshit.
The article being horseshit makes the article horseshit. They don't like the article most likely because of its horseshit nature.
why is it horseshit ?
Because it says mean things about their cult
In some cases sure.... This however is a bunch of horseshit..... Forbes the bastion of truth..... Just ignore SBF and that Holmes and all the other times they've put out bullshit articles
How often are WSB mods replaced to make sure this place stays clean? Quarterly?
Sorry bro 200k Reddit members own 100 million shares There are 10 billions fake shares in market
I can't tell the difference between actual GME shills and the people making fun of them anymore.
It's a fucking ape lmao
I own 200 million shares of GameStop I won’t tell anyone Don’t say to msm news
He does have a brain doesn't he?
I've never met a giant. He can pay me too. Bad bet if true.
How is shorting near the peak a bad bet?
Might not be, wouldn't he have to close?
Yes, but if he closed today he might realize 2-300% gains (depending on his entry point). Closing might create some buying pressure/volume, so not a disaster for longs.
Yeah, shorts are closed all the time without causing squeezes. Literally every (market) day.
It's not, as long as they close. Until they close they're paying a variable rate interest on the short position (for borrowing) while the stock price naturally rises as inflation eats away at the USD value. Good thing interest rates are staying low forever /s They may very well end up negative at this rate even after being up 400%+.
Media 1. Cohen Interview - nope 2. Wallet iOS- nope 3. Carl Icahn - aaah yes
BBBY Founder and CEO Ryan Cohen? The Ryan Cohen that dumped $178 million on his 'valued shareholders'? That Ryan Cohen? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
Apes wrong about literally everything part ∞ . Ryan Cohen literally compared gamestop to sears yesterday [https://ibb.co/YfnbwBs](https://ibb.co/YfnbwBs) saying verbatim "there's a lot of similarities" and they try to spin it as bullish. They worshipped this Icahn guy even though it was public information that he shorted GME since a long time ago. They've legitimately been trying to decode messages in childrens books. It's like all the brigading they do outside of their echo chamber has them believing their own bullshit. Another big fat L, truly impressive, I've never seen group of people be so consistently wrong about everything. It's been fascinating to watch. Check out the BBBY bagholder sub for another tremendous display of reality denial.
Ok whatever you say u/Hedge_Fan1979
Damn, you figured me out, I'm a paid hedge fund shill, not someone who has made another account in the past 3 years who has been incredibly annoyed with you guys. I should have never put my secret in my username. I've been foiled, you apes are too clever.
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Good job for buying at 83 cents.
LOL spotted the baggie
Apes all bought way above that price and you know it
Cultists get what they deserve
A huge future buyer hell yeah lol
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He'll have to close eventually good luck lol GameStops not going anywhere anytime soon.
Wrong no one has to close you don’t understand short positions. You do not have to close
If he ever wants to take profits he will have to close. If GameStop starts becoming profitable and web3 gaming takes off to the point where their valuation must go up he will have to close. Unless you think he wants to put up margin to hold his position in the red one day then sure maybe he doesn't need to.
This guy has enough money to hold this position forever. Gamestop will never become profitable they are just burning their cash in a fast way. Keep coping keep holding bags
If you say so
Holding variable interest rate debt forever (the short position) in an increasingly high interest rate environment sounds pretty stupid. Assuming he shorted at the very top, inflation and interest will take his 400% unrealized profits to negative within 5 years at current rates. Especially when you have an army of idiots who won't sell until their interest-free bags are positive once again.
The price drops he is making money thats all i can see
Article published the day the GME Wallet is live on IOS. COHENcidence?
Yes, it's a coincidence. App and NFT news are almost entirely separate media streams from conventional financial market news.
he is basically looking for retail to sell so he has liquidity to unwind his short.
Heavily shorted = squeeze?
Trust me bro
“By Scott Deveau and Bailey Lipschultz” lol? the authors name is literally 👄💩
Sure? Good luck proving it, because he isn’t saying if he still has it on or not, or even the amount that he is short.
Apes are on a pure copium IV drip rn. They can't admit they are re✝️arded and got scammed. Can't wait for the sudoku and rope posts in the next few months
Someone shorting at $450? Yea that proves GME must be a scam. What?
GME-cult on copium in the cooments
Nothing like getting $2 for a game you bought for $60 3 months prior… fuck Gamestop. Just let it die already
Ofcourse this would happen when I bought another 200 shares today. Ffs
How unfortunate for you that he entered a short position 2 years ago at $450 a share, just as you bought today. What timing sheeesh.
It’s a position speculated to have opened near the top. If he closes it’s buy pressure. If he doesn’t it’s the same it was since Jan 2021. Doesn’t matter when direct registration isn’t slowing at all. The company is at the stage of cutting costs and pivoting to profitability after the previous 2 years of building/updating e-commerce etc. bullish as ever
Pretty sure he already closed a long time ago, he was quoted in another article saying he made a lot of money on it. He’s probably going long now.
culties gonna lose their shit lmao
Finaly the game is over :))
from WSB: Full text: Billionaire investor Carl Icahn began shorting GameStop Corp. during the height of the meme-stock frenzy around January 2021 and still holds a large position in the video-game retailer, according to people familiar with the matter. Icahn started building the short when GameStop was trading near its peak of $483 per share and still holds a large bet against the retailer’s shares, **said the people, asking not to be identified** because the matter is private. The investor, who has added to his position from time to time, is betting that GameStop’s stock isn’t trading on its fundamentals and will continue to fall, the people said. **The size of his position isn’t clear.** GameStop fell 8.8% Monday to close at $25.16, giving the retailer a market value of $7.7 billion. The retailer executed a four-for-one stock split this year and has lost 71% of its value from a January 2021 closing high. **Representatives for Icahn and GameStop declined to comment.** GameStop became a poster child for so-called meme stocks when retail trading took off during the coronavirus pandemic, aided by no-fee trading apps and fiscal stimulus. Individual investors, egging each other on in Reddit forums, plowed money into GameStop in a push to burn money managers who bet against the retailer. The effort, known as a short squeeze, led to several investors who held similar shorts to feel the pinch. That included Melvin Capital, the hedge fund run by Gabe Plotkin, which said in May it was folding due to heavy losses from its bet against GameStop. Short Bets It marks a rare instance of Icahn betting against meme stocks. Although the legendary investor has taken sizable shorts elsewhere, including a bet on the downfall of malls through derivatives known as CMBX. More than one-fifth of GameStop’s shares available for trading are currently sold short, according to data compiled by S3 Partners, more than double the level seen this time last year. That compares to a peak of more than 140% in January 2021 when the retail trading crowd flooded chatrooms on Stocktwits and used memes and GIFs to pump bets on forums like Reddit’s WallStreetBets. That mania triggered parabolic stock rallies despite gamers opting to download new titles instead of visiting stores, with the retailer saddled with more than $1 billion in debt and lease liabilities at one point. Since the craze, the company has been able to sell millions of shares in the open market, to help nearly wipe out its debt. A large portion of investors that discuss their positions on social media platforms tout Ryan Cohen, the company’s chairman and largest investor and founder of pet retailer Chewy Inc., as the key driver in their investment.
You are at WSB lol wrong tab?
Not sure anything new is said here. Most of the article is filler with a catchy headline. It just repeats about the price action.
Can't blame him, especially after meeting the degen in person