Billionaire Ryan Cohen pocketed a $68.1 million profit from the sale of his stake in Bed Bath & Beyond Inc — BBBY down 40%, GME down 9%


https://www.bloomberg.com/news/articles/2022-08-18/ryan-cohen-made-68-million-profit-on-bed-bath-beyond-trade

Meme stocks are down hard today. BBBY is down almost 40%, but GME and AMC are also down nearly 8%.

The /r/superstonk crowd has put a lot of faith in Cohen as a defender of the everyman against wall street corruption. Has this sale tarnished his credibility enough to finally put a real dent into meme stocks?


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *