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What happened with Gabe Plotkin and GameStop.

What happened with Gabe Plotkin and GameStop.

Melvin Capital, the investment firm of Gabe Plotkin, invested in GameStop, whose short bets landed in a huge loss of 53%. GameStop is an American retailer specialized in video games, consumer electronics, and gaming goods. The intruded online games and not keeping to the market requirement led to the fall of the company. This in turn led the prices of its share to fall. This low-value stock of GameStop was utilized by a gruoup of traders. Thet decided to buy…

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