News for hackers. Stuff that matters.

A comment on GameStop Is Rage Against the Financial Machine. Parent comment

Re:GameStop Is Rage Against the Financial Machine by TylerE on Wednesday January 27, 2021 @10:36PM (#25937822)
> The only statement I can find from Citadel (hedge fund that invested in Melvin) is from their CEO, saying "Gabe Plotkin and team have delivered exceptional results over the history of Melvin. We have great confidence in Gabe and his team".

That sounds like the kind of thing a GM says a week before they can a couch. If you actually HAVE great confidence, you don't have to say you do. Actions speak.

[ Parent | on HN ]
Re:GameStop Is Rage Against the Financial Machine by gpm on Wednesday January 27, 2021 @10:38PM (#25937836)
> Actions speak.

I mean, the action here was Griffin's company investing two billion dollars into Melvin, so that sort of lends credence to the idea that Griffin does have confidence in Gabe and his team.

[ Parent | on HN ]