GameStop post-mortem: Alt data world confronts eroding barrier between online and real life
After Redditors staged an epic short squeeze against a handful of hedge funds, some in the industry are left wondering whether today’s models and data techniques are prepared for world where online often equals real life.
“While I do not think that anyone could have anticipated these events, I’ve learned much from them, and I’m taking steps to protect our investors from anything like this happening in the future,” said Gabriel Plotkin, Melvin Capital CEO.
Plotkin testified as part of last month’s congressional hearing, the first in a series of ongoing hearings addressing the now legendary tale of GameStop, Reddit, Robinhood, and a handful of hedge funds, one of which is Melvin. In a story layered with memes
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