Hedge Funds

This hedge fund made 35% on its Twitter bet — now it’s shorting GameStop and AMC’s ‘absurd’ valuations

Meme stocks are still over-valued, claims this short seller

Elon Musk
Elon Musk Photo: WireImage

In May, Bireme Capital took a roughly $10m position in Twitter. It wagered that Elon Musk would be forced to buy the social networking platform.

That bet is now up 35% and the US-based hedge fund has now found another opportunity: Shorting meme stocks.

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