Let's also absorb the fact that one firm can "lose" 22B in value and no one invo... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		unethical_ban on Feb 1, 2021 \| parent \| context \| favorite \| on: Hedge fund Melvin sustains 53% loss after Reddit o... Let's also absorb the fact that one firm can "lose" 22B in value and no one involved feels directly hurt.

mathattack on Feb 1, 2021 [–]

22 billion is small compared to the sea of market moves. It’s why a small group of retail investors could push the market. If they levered up 30 to 1 that’s a different story.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact