Icahn Said to Hold Large GameStop Short Position

The transcript discusses the shorting of GameStop stock, focusing on the investment strategy during the meme stock frenzy. It highlights the lack of faith in GameStop's turnaround plan and the significant short interest in the stock. The public's reaction to Carl Icahn's short position is explored, along with the impact on hedge funds like Melvin Capital. The discourse ranges from market dynamics to the influence of retail traders.

What was the peak trading price of GameStop during the meme stock frenzy?

• $150

• $350

• $483

• $200

What is the main reason Carl Icahn started shorting GameStop?

• Support for retail traders

• Expectation of a long-term turnaround

• Belief in the company's strong fundamentals

• Discrepancy between stock price and fundamentals

How much has GameStop's stock price decreased since January 2021, considering the stock split?

• 50%

• 71%

• 30%

• 90%

What was the short interest in GameStop at its peak compared to now?

• 40% to 8%

• 20% to 5%

• 60% to 10%

• 30% to 15%

How does Carl Icahn's financial situation differ from other short sellers like Melvin Capital?

• He has less personal wealth

• He relies on retail traders

• He is subject to the same LP agreements

• He has more financial resilience