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Ryan Cohen

$75M activist stake became $1B+

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#148with Jack Smith - How r/WallStreetBets is Beating Wall Street, Taboola's Billion-dollar Payday, and How Grayscale is Printing Money1×

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GameStop: Chewy founder's $75M activist stake becomes $1B+ in 6 months

Jack recaps the WallStreetBets short squeeze: Reddit traders pumped GameStop to spite hedge funds shorting it, while Chewy founder Ryan Cohen's ~$75M activist investment six months earlier had ballooned to over $1 billion, with the stock up 100%+ in a single day.

“Now GameStop, the guy, this other actor, the founder of Chewy, had become an activist investor like 6 months ago, just saying, oh, I think I can improve them. He invested $75 million. It's gone to over a billion. In 6 months. The stock was up at one point over like 100% today alone.”
EP 148 · 35:37 · JACK SMITH
Read at 35:37
mfmindex.com№ 0148-2137