Shares in GameStop
GME,
closed up 8.5% Thursday, while stock in AMC Entertainment
AMC,
soared 12.4% as retail investors digested global unrest and some trouble for one —or maybe two— Wall Street opponents.
News that Ken Griffin’s Citadel LLC hedge fund is further paring back its $2 billion investment in Gabriel Plotkin’s short-selling fund Melvin Capital was explosive Schadenfodder for social media’s army of “Apes.”
Griffin infused Plotkin with the cash at the height of January’s 2021 short squeeze on meme stocks, a move that Apes saw as one Wall Street fat cat bailing out another.
The details of that deal further incensed retail folks when they considered that Griffin is also the founder Citadel Securities, which is the largest executor of retail trades on apps like…
