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Hedge funds have not lost $60 billion on GameStop.

• tinus_hn 6y ago
  https://www.reuters.com/article/us-retail-trading-shortbets-idUSKBN29X1SW https://www.reuters.com/article/us-retail-trading-shortbets-...
  • robertoandred 6y ago
    > Its data also showed that estimated losses from shorting GameStop at $1.03 billion year-to-date That’s not $60 billion.
    • BoorishBears 6y ago
      And gains for hedge funds playing this frenzy are probably higher than 1 billion
    • chokeartist 6y ago
      Not yet, but it has the potential to be at the current clip (price). That's why this is a huge game of chicken. Will r/WSB buckle, or will the Hedge Funds?
• imtringued 6y ago
  Short sellers lost $60 billion across the entire market though.