re: Someone explain this Game Stop deal.

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Nokia, Blackberry, AMC, and others are already mentioned as targets.

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It's apparently heading to Europe as well:
GameStop fever sweeps Europe's most shorted stocks

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MILAN (Reuters) - Drugmaker Evotec led sweeping price swings in some of Europe’s most shorted stocks on Wednesday in an echo of the retail trading fever that has gripped the United States.

The U.S. market moves have put piled pressure on professional short sellers, who sell shares on the expectation that they will fall and can be bought back more cheaply later.

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Positions held by New York-based hedge fund Melvin Capital Management, which has a 6.2% short on Evotec, have come under particular scrutiny and shares in the drugmaker rose by 30% at one point during the trading day in Frankfurt.
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Battery maker Varta and Polish video game firm CD Projekt, two Melvin shorts in Europe, also rose strongly on Wednesday, further extending this week’s gains.

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It seems like the internet investors don't like Gabe Plotkin and Melvin Capital and he's had a bad year so far.

Somewhat unrelated source link:

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Plotkin founded New York-based Melvin Capital in 2014 with $925 million in seed money, according to a source. The fund now manages $13 billion. Its holdings include more than 405,000 shares of Amazon (worth nearly $1.3 billion on Monday), and about 20 million shares in Bath & Body Works owner L Brands (worth $600 million), according to Yahoo Finance. L Brands also owns a stake in Victoria’s Secret.

A spokesperson for Plotkin declined to comment. Melvin is known for taking significant short positions against several stocks, including GameStop, which has seen its shares rally nearly 700 percent this year- resulting in huge losses for Melvin. On Monday, the Wall Street Journal reported that Steve Cohen’s Point72 Asset Management and Ken Griffin’s Citadel are investing $2.75 billion into Melvin, which has lost nearly 30 percent this year.

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