Billionaire investors dump $2.7B into stock shorting battle vs r/wallstreetbets

Two billionaires are bailing out Melvin Capital, a firm that has lost a ton of money shorting GameStop. Stepping into a fight with a social media whirlwind is line of duty no.

Business Insider:

Steve Cohen's Point 72, Ken Griffin's Citadel, and other partners are plowing a total of $2.75 billion into Melvin Capital, the hedge funds said on Monday.

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