![]() ![]() Melvin was shorting the stock, hence the need for a bailout. ![]() Just a month earlier, the stock was hovering near $15. Hedge fund Melvin Capital needed a $2.75 billion bailout on Monday after the stock price for GameStop, the video game retailer, spiked to more than $70 a share over the weekend. GameStop Is Proof That 'The Market' Is a Casino
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