Money from the short squeeze on GameStop (GME) in January of 2021. Taking all of Melvins capital.
Elon Musk gave GME a shoutout on twitter after the stock soared from a mere $4 in early Dec. to $150 end of January.
Melvin owes 5.5 Billion dollars at a 60% interest rate.
Elon Musk gave GME a shoutout on twitter after the stock soared from a mere $4 in early Dec. to $150 end of January.
Melvin owes 5.5 Billion dollars at a 60% interest rate.
by Estretoseten January 26, 2021
"Haha, did you hear Melvin Capital went tits up after shorting GME?"
"Yea. They really got melvined. Hey, by the way, can you spot me a quick handy behind Wendy's? I'll give you some GME later."
"Yea. They really got melvined. Hey, by the way, can you spot me a quick handy behind Wendy's? I'll give you some GME later."
by GME TENDIES January 29, 2021
To make incredibly bad bets which you can't cover. To such a degree that it could fuck up everything in the known world.
As when Melvin Capital engaged in naked short selling causing historic losses and a global financial crisis in 2021.
As when Melvin Capital engaged in naked short selling causing historic losses and a global financial crisis in 2021.
by PuppetJustice November 20, 2021
Similar to a “Wet Willy,” a Wet Melvin is the act of licking one’s hand and smearing it down someone’s face.
“I swear she’s gonna get a Wet Melvin if she keeps pissing me off”
“Giving him a Wet Willy would be too nice. He’s getting a Wet Melvin”
“Giving him a Wet Willy would be too nice. He’s getting a Wet Melvin”
by robbiekates November 1, 2017
In the years leading up to 2022, Melvin Capital made bets against key stocks within the USA stock market, after retail investors noticed inconsistencies with the stock, specifically the huge short position that Hedge Funds (including Melvin Capital) had accrued. Retail traders realized that these positions would at some stage need to be bought back so they independently decided to buy up the stock.
Melvin Capital essentially went bankrupt due to some very poor decision making and lack of proper risk management.
The phrase "you did a melvin" was coined in 2022 to indicate that your lost money, or made bad decisions which affected you negatively.
Melvin Capital essentially went bankrupt due to some very poor decision making and lack of proper risk management.
The phrase "you did a melvin" was coined in 2022 to indicate that your lost money, or made bad decisions which affected you negatively.
by !Gary Gensler August 17, 2022
by Kristian Eli dámar menn September 17, 2021
A Truly Outstanding Knob Slobber , and professional dishwasher; a true necessity in the kitchen! Best housewife anyone could ever ask for.
by longshlongxxXdong April 6, 2021