In addition, Mudrick Capital and other hedge funds that shorted GameStop before the frenzy had also lost millions of dollars. The battle between bulls and short-sellers in the GameStop saga is the first of its kind history of trading.
CEO of Robinhood, Reddit, Melvin Capital, Citadel, and Keith Gill will testify before Congress on Thursday about the GameStop frenzy. The hearing will be online and named: “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide.”