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Hedgefund manager w/ partial Hornets ownership has catastrophic losses in Gamestop fiasco

Posted on 1/28/21 at 10:13 am
Posted by Fun Bunch
New Orleans
Member since May 2008
115894 posts
Posted on 1/28/21 at 10:13 am


quote:

Gabe Plotkin, the hedge fund manager at the center of the GameStop story, owns a chunk of the Charlotte Hornets, thanks to Michael Jordan’s deal in 2019. Losses described as “catastrophic.”


LINK
Posted by msutiger
Shreveport
Member since Jul 2008
69623 posts
Posted on 1/28/21 at 10:16 am to
(no message)
This post was edited on 4/5/23 at 2:44 pm
Posted by Bottom9
Arsenal Til I Die
Member since Jul 2010
21749 posts
Posted on 1/28/21 at 10:16 am to
frick that motherfricker
Posted by boosiebadazz
Member since Feb 2008
80258 posts
Posted on 1/28/21 at 10:16 am to
Knowing Michael Jordan, he’s finding a way to give a max deal to GameStop right now.
Posted by RLDSC FAN
Rancho Cucamonga, CA
Member since Nov 2008
51616 posts
Posted on 1/28/21 at 10:16 am to
Oh boy
Posted by O
Mandeville
Member since Oct 2011
6459 posts
Posted on 1/28/21 at 10:17 am to
frick that guy
Posted by CunningLinguist
Dallas, TX
Member since Mar 2006
18772 posts
Posted on 1/28/21 at 10:26 am to
Lebrun come on down for your ownership stake
Posted by BloodSweat&Beers
One Particular Harbor, Fl
Member since Jan 2012
9153 posts
Posted on 1/28/21 at 10:29 am to
Gamestop at 10am was over 480, now at 132


Posted by boXerrumble
Member since Sep 2011
52279 posts
Posted on 1/28/21 at 10:31 am to
quote:

Gamestop at 10am was over 480, now at 132


Well yeah, TD Ameritrade and Robinhood both stopped trading it, I'm sure others will follow
Posted by wildtigercat93
Member since Jul 2011
112331 posts
Posted on 1/28/21 at 10:34 am to
This is gonna be one hell of a Netflix doc in 2022
Posted by Bham Bammer
Member since Nov 2014
14483 posts
Posted on 1/28/21 at 10:35 am to
quote:

Well yeah, TD Ameritrade and Robinhood both stopped trading it, I'm sure others will follow


How are they allowed to do that? And did they explain why?
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
51290 posts
Posted on 1/28/21 at 10:37 am to
quote:

How are they allowed to do that? And did they explain why?


Regular folks like you and me aren't allowed to make money by manipulating the market. Only the rich can do that.
Posted by JOHNNY HUNGEE
Member since Jan 2021
129 posts
Posted on 1/28/21 at 10:37 am to
You hate to see lt. New York Knick fans are trying to see what stocks Dolan owns as we speak lol
Posted by wildtigercat93
Member since Jul 2011
112331 posts
Posted on 1/28/21 at 10:38 am to
quote:

How are they allowed to do that? And did they explain why?


Because it’s their game and they can change the rules to benefit them

Why? frick you. That’s why.
Posted by hendersonshands
Univ. of Louisiana Ragin Cajuns
Member since Oct 2007
160104 posts
Posted on 1/28/21 at 10:42 am to
I hope the autists take them all down
Posted by WaterLink
Baton Rouge
Member since Sep 2015
17262 posts
Posted on 1/28/21 at 10:46 am to
quote:

New York Knick fans are trying to see what stocks Dolan owns as we speak lol


The new Mets owner is having quite a first year of being majority owner. Having to deal with covid, then his new manager has that creepy story about him come out and he has to immediately fire him, and now his hedge fund is involved in this.
This post was edited on 1/28/21 at 11:37 am
Posted by WestCoastAg
Member since Oct 2012
145167 posts
Posted on 1/28/21 at 10:46 am to
quote:

New York Knick fans are trying to see what stocks Dolan owns as we speak lol
this whole thing has opened up an interesting can of worms
Posted by teke184
Zachary, LA
Member since Jan 2007
95708 posts
Posted on 1/28/21 at 10:55 am to
All of WSB just got banned from the Garden?
Posted by lsuhunt555
Teakwood Village Breh
Member since Nov 2008
38410 posts
Posted on 1/28/21 at 10:59 am to
quote:

Good. frick him.


Posted by bbeck
Member since Dec 2011
14561 posts
Posted on 1/28/21 at 11:00 am to
You hate to see it
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