Just remember folks: Wall Street always win. The hedge fund that shorted GameStop in 2021 went on to buy the Charlotte Hornets from Michael Jordan. And the traders that bought GME options went bust.

GameStop short sellers lost almost $1 billion in Monday's monster rally

Short-selling hedge funds suffered a mark-to-market loss of $838 million in the brick-and-mortar video game retailer.

Yun Li / CNBC — Published: May. 13, 2024 - 9:37 PM