- Messages
- 13,880
- Likes
- 46,583
Welcome to The Platinum Board. We are a Nebraska Husker news source and fan community.
Sign Up Now!100%^^^Apple has so much cash on hand and still dominates their market share that the only thing I can think of that would make them fall to “big short levels” would be a major scandal.
Like I’m talking an indictment for bribing Chinese officials on video or letting the FBI/NSA have full access and tracking 24/7 on all apple products regardless of setting.
Hope to be rich and hated one day
"We never expected the kind of cost increases in freight and transportation that we're seeing right now," Target chairman and CEO Brian Cornell told Yahoo Finance. Target estimates it may see an additional $1 billion in freight and transportation costs this year tied to near record high fuel and diesel prices.
Melvin Capital Management, the hedge fund burned by the GameStop mania, said it will unwind its funds and return cash to investors as losses accelerated during the market turmoil this year, CNBC confirmed.
"The past 17 months has been an incredibly trying time for the firm and you, our investors," founder Gabe Plotkin wrote in a letter to investors. "I have given everything I could, but more recently that has not been enough to deliver the returns you should expect. I now recognize that I need to step away from managing external capital."
Melvin was one of the biggest victims from the meme stock frenzy last year due to its large short position in GameStop. Citadel and Point72 had to infuse close to $3 billion into Plotkin's hedge fund to shore up its finances.
Pretty comical...defeated by the retards.Melvin Capital says it's winding down funds and returning money to investors during market turmoil
Melvin Capital, the hedge fund crushed last year after betting against GameStop, said it will unwind its funds and return cash to investors.www.cnbc.com