What if r/WSB blew up your job?

Have you guys seen this?

https://ca.finance.yahoo.com/news/citadel-point72…

A top ex-SAC fund manager got blown up, partly related to the crazy runups instigated by subreddit traders from WSB. Hilarious but damn, I'd be sweating bullets running a market neutral fund in this environment. 

 

I have a feeling there will be some kind of a response to all of this. every media outlet is reporting on it, influential people are not happy.
but yeah, any fund can blow up if enough people gang up on them

National Suicide Prevention Lifeline  1-800-273-8255
 

Short Hedge funds went though legal loopholes to drive short interest to 140%, which is downright obscene.

The WSBers simply realised this, figured a short squeeze was in the cards, and turned the loophole into a noose.

 

This reminds me of a podcast I listened to with Reid Hoffman, founder of LinkedIn, and he said that if he could go back and change anything in his career he would have worked at Netscape to begin his career instead of doing a "safer" job. For reference, Netscape was the original internet browser and it got completely destroyed by Microsoft when MSFT came out with Internet Explorer - a free browser. Anyways, what happened with Netscape ended up defining the development of the internet era going forward and it just makes me think that the folks at Melvin are in somewhat of a similar spot as the software developers at Netscape in the 90s. They're obviously smart as hell and could work anywhere in finance they choose to, but they experienced this whole WSB situation from the inside and plenty of firms would kill to have an ex-Melvin analyst work for them. It would definitely suck to be in that situation and feeing the humiliation of getting wrecked by autists from Reddit in the short term, but hey only the resilient killers that really belong at the top of this finance shit make it out of situations like this and thrive

Array
 

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