<p>It’s not a secret to anybody that <a href="https://us.bolavip.com/michael-jordan-t85627" target="_blank" rel="noopener"><strong>Michael Jordan</strong></a> is one of the wealthiest athletes in the world. Besides the small fortune he made in the <a href="https://us.bolavip.com/nba-t19117" target="_blank" rel="noopener"><strong>NBA</strong></a> during his playing days with the <strong><a href="https://us.bolavip.com/chicago%C2%A0bulls-t101422" target="_blank" rel="noopener">Chicago Bulls and </a>Washington Wizards</strong>, he’s always had a great eye for investments and partnerships.</p>
<p>This time, however, it seems like the<strong> six-time NBA champion</strong> may be regretting one of his latest financial moves, as not even him was safe from the <strong>Game Stop trading frenzy.</strong> Reportedly, he could be down several dozen million as we speak.</p>
<p>The thing is that Jordan had recently partneredwith venture capitalists <strong>Gabe Plotkin and Daniel Sundheim </strong>as investors of the <strong>Charlotte Hornets</strong>. Both millionaires, however, have taken a massive hit over the past couple of days.<span></span></p>
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<h2>Michael Jordan’s Partners Have Lost Billions Due To The GameStop Scandal</h2>
<p><em>“Jordan could not have picked a worse time to welcome hedge fund giants Gabe Plotkin and Daniel Sundheim as investors in the Hornets. B<strong>oth men are reported to have taken ‘catastrophic’ losses,</strong> with the ongoing war between hedge fund managers and amateur investors reportedly wiping more than $5 billion from established hedge funds,</em>” reported <strong>Basketball Forever.</strong></p>
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<p>Plotkin and Sudnheim are the guys running <strong>Melvin Capital</strong>, one of the biggest hedge funds in Wall Street and – as you may know by now – the biggest losers of the trading war declared by Redditors.</p>
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<p>Jordan – as most big fish -had already lost a lot of money due to the pandemic and this is another <strong>massive financial blow </strong>that will certainly drive him nuts. Then again, he’s still got plenty of dough left in the bank.</p>
<p>Venture capitalists, hedge funds, and big-money people always find a way to end up on top of this situation. So, as he did on the court, we can be sure that Jordan will somehow get out of this <strong>with a smile on his face.</strong></p>

Even Michael Jordan lost millions on the GameStop Wall Street scandal

Even Michael Jordan lost millions on the GameStop Wall Street scandal - Bolavip US

<p>For years, <strong>Wall Street </strong>guys, bankers, and hedge funds have made massive profits at someone else’s expense. Speculation, inside-trading, bad luck, or flat-out bad intentions have given those guys quite a terrible reputation among most people.</p>
<p>Needless to say, millions of Wall Street victims <strong>fantasized and dreamed about getting back at them</strong> one day and finally making a profit with stocks. Now, this dream has finally become a reality.</p>
<p>To put it in simple words,people from a thread in <strong>Reddit </strong>were in cahoot to drive <strong>GameStop’s</strong> stock price up. They started buying a bunch of stocks, given the fact that the company was nearly dead.</p>
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<p dir="ltr" lang="en">Looks like now’s the perfect time to save $30 on one of 2020’s best games �� <a href="https://t.co/7lQ2iqz6VJ">https://t.co/7lQ2iqz6VJ</a> <a href="https://t.co/PbPRyIKNQV">https://t.co/PbPRyIKNQV</a></p>
<p> — GameStop (@GameStop)    <a href="https://twitter.com/GameStop/status/1354553605701984260?ref_src=twsrc%5Etfw">January 27, 2021</a>   </p></blockquote></div>
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<p>But, why’s that important? Well, that pretty much doomed countless <strong>short-sellers</strong>, which are the wolves of Wall Street that are simply betting that GameStop’s stocks will continue to go down.</p>
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<p>These massive purchases made GameStop’s stocks rise <strong>all the way to $400</strong>, as short-sellers also had to start buying some stock to cover their losses and stop the bleeding, hence creating a never-ending cycle.</p>
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<p>Now, several hedge funds <strong>may go broke </strong>because they just can’t cope with those losses unless they establish some kind of regulation or bailout, which means that Redditors just beat Wall Street on their own game. Needless to say, that fueled some interesting reactions online.</p>
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<h2>Redditors Beat Hedge Funds On Their Own Game: Funniest Memes And Reactions To The GameStop Scandal</h2>
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<p dir="ltr" lang="en">Everyone talking about stocks and game stop: THIS IS A TURNING POINT IN HISTORY</p>
<p> Me: <a href="https://t.co/eJvH0YamSR">pic.twitter.com/eJvH0YamSR</a></p>
<p> — ALMOST MANDY�� Ⓥ (@cringeybands)    <a href="https://twitter.com/cringeybands/status/1354772005481025536?ref_src=twsrc%5Etfw">January 28, 2021</a>   </p></blockquote></div>
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<p dir="ltr" lang="en">I’m not sure if the whole Game Stop thing is really funnny or<br> if it’s really really funny and I should start preparing for<br> The Thunderdome <a href="https://t.co/WTj7wRSJPW">pic.twitter.com/WTj7wRSJPW</a></p>
<p> — David Oliphant (@davidoliphant74)     <a href="https://twitter.com/davidoliphant74/status/1354799736625139715?ref_src=twsrc%5Etfw">January 28, 2021</a>    </p></blockquote></div>
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<p dir="ltr" lang="en">Gamestop: “Power to the people”</p>
<p> Robinhood: <a href="https://t.co/HoFIJAmfV3">pic.twitter.com/HoFIJAmfV3</a></p>
<p> — WOSEF (@Mosopefunjesu_)      <a href="https://twitter.com/Mosopefunjesu_/status/1354810475633012741?ref_src=twsrc%5Etfw">January 28, 2021</a>     </p></blockquote></div>
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<p dir="ltr" lang="en">Me telling my grandkids how I retired on one fractional share of GameStop… <a href="https://t.co/87dgtYqk1Z">pic.twitter.com/87dgtYqk1Z</a></p>
<p> — Douglas A. Boneparth (@dougboneparth)       <a href="https://twitter.com/dougboneparth/status/1354803760376078341?ref_src=twsrc%5Etfw">January 28, 2021</a>      </p></blockquote></div>
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<p dir="ltr" lang="en">me, yesterday: this gamestop stuff is crazy</p>
<p> me, today: DO NOT SELL YOUR STOCKS MY BROTHERS AND SISTERS. THAT IS WHAT THE ENEMY WANTS <a href="https://t.co/GoFQECQ2Ns">pic.twitter.com/GoFQECQ2Ns</a></p>
<p> — manny (@mannyfidel)        <a href="https://twitter.com/mannyfidel/status/1354801601639297024?ref_src=twsrc%5Etfw">January 28, 2021</a>       </p></blockquote></div>
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<p dir="ltr" lang="en">me at my first GameStop shareholders meeting <a href="https://t.co/9hCcb69SP2">pic.twitter.com/9hCcb69SP2</a></p>
<p> — mose (@bosemergmann)         <a href="https://twitter.com/bosemergmann/status/1354579287500746759?ref_src=twsrc%5Etfw">January 27, 2021</a>        </p></blockquote></div>
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<p dir="ltr" lang="en">Game Stop getting ready to sit at the big boy’s table thanks to Reddit <a href="https://twitter.com/hashtag/Wholesome?src=hash&amp;ref_src=twsrc%5Etfw">#Wholesome</a> <a href="https://t.co/IPPPesZTdU">pic.twitter.com/IPPPesZTdU</a></p>
<p> — Wholesome Memes (@WholesomeMemer)          <a href="https://twitter.com/WholesomeMemer/status/1354806861220913160?ref_src=twsrc%5Etfw">January 28, 2021</a>         </p></blockquote></div>
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<p dir="ltr" lang="en">The GameStop <a href="https://twitter.com/hashtag/StockMarket?src=hash&amp;ref_src=twsrc%5Etfw">#StockMarket</a> drastic price rise in a nutshell ������ <a href="https://t.co/4DP90MGkMb">pic.twitter.com/4DP90MGkMb</a></p>
<p> — Outernaut (@ThatOuternaut)           <a href="https://twitter.com/ThatOuternaut/status/1354581944101728260?ref_src=twsrc%5Etfw">January 28, 2021</a>          </p></blockquote></div>
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<p dir="ltr" lang="en">these GameStop redditors remind me of this scene in spongebob I love you all so much! STAY IN! DO NOT SELL!!! <a href="https://t.co/NYAyj79sGm">pic.twitter.com/NYAyj79sGm</a></p>
<p> — MAWUENA (@theafricandime)            <a href="https://twitter.com/theafricandime/status/1354803752008523778?ref_src=twsrc%5Etfw">January 28, 2021</a>           </p></blockquote></div>
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<p dir="ltr" lang="en">Robinhood: blocks purchases of AMC and GameStop</p>
<p> Reddit: <a href="https://t.co/KuFiLDzVe9">pic.twitter.com/KuFiLDzVe9</a></p>
<p> — Post Cred Pod (@PostCredPod)             <a href="https://twitter.com/PostCredPod/status/1354790044180078598?ref_src=twsrc%5Etfw">January 28, 2021</a>            </p></blockquote></div>
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<p dir="ltr" lang="en">After understanding what’s going on with Game Stop and the Stock Market: <a href="https://t.co/lXfwaxwzDY">pic.twitter.com/lXfwaxwzDY</a></p>
<p> — Sai Prasath (@saiprasath10)              <a href="https://twitter.com/saiprasath10/status/1354756429375102978?ref_src=twsrc%5Etfw">January 28, 2021</a>             </p></blockquote></div>
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<p dir="ltr" lang="en">The story of <a href="https://twitter.com/hashtag/GameStop?src=hash&amp;ref_src=twsrc%5Etfw">#GameStop</a> in a single image �� <a href="https://t.co/MeRJfPMSnU">pic.twitter.com/MeRJfPMSnU</a></p>
<p> — Bhavith Sunkara (@Bhavith_Sunkara)               <a href="https://twitter.com/Bhavith_Sunkara/status/1354682406398115840?ref_src=twsrc%5Etfw">January 28, 2021</a>              </p></blockquote></div>
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<p dir="ltr" lang="en">Reddit after saving GameStop: <a href="https://t.co/CHn63JO5f5">pic.twitter.com/CHn63JO5f5</a></p>
<p> — Hernandy�� (@Hernan_Dioz)                <a href="https://twitter.com/Hernan_Dioz/status/1354657720914374663?ref_src=twsrc%5Etfw">January 28, 2021</a>               </p></blockquote></div>
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<p dir="ltr" lang="en">After understanding what’s going on with Game Stop and the Stock Market: <a href="https://t.co/lXfwaxwzDY">pic.twitter.com/lXfwaxwzDY</a></p>
<p> — Sai Prasath (@saiprasath10)                 <a href="https://twitter.com/saiprasath10/status/1354756429375102978?ref_src=twsrc%5Etfw">January 28, 2021</a>                </p></blockquote></div>
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<p dir="ltr" lang="en">all the big money stock boys right now getting asked about GameStop: <a href="https://t.co/4X3rp2p9zu">pic.twitter.com/4X3rp2p9zu</a></p>
<p> — brianna (@bkoerth)                  <a href="https://twitter.com/bkoerth/status/1354566719046438912?ref_src=twsrc%5Etfw">January 27, 2021</a>                 </p></blockquote></div>
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<p dir="ltr" lang="en">Gen Z is my favorite. They’re literally make hedge funds lose their minds bc they’re buying game stop and AMC shares <a href="https://t.co/f94OWtm6F2">pic.twitter.com/f94OWtm6F2</a></p>
<p> — Katherine Peterson (@itskpeterson)                   <a href="https://twitter.com/itskpeterson/status/1354607047766110208?ref_src=twsrc%5Etfw">January 28, 2021</a>                  </p></blockquote></div>
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<p dir="ltr" lang="en">This is great! <a href="https://twitter.com/hashtag/GameStop?src=hash&amp;ref_src=twsrc%5Etfw">#GameStop</a> <a href="https://t.co/wrZNABzg0Y">pic.twitter.com/wrZNABzg0Y</a></p>
<p> — PantherCityMike (@PantherCityMike)                    <a href="https://twitter.com/PantherCityMike/status/1354652468240650245?ref_src=twsrc%5Etfw">January 28, 2021</a>                   </p></blockquote></div>
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<p dir="ltr" lang="en">Me, knowing nothing about the stock market but enjoying the GameStop memes anyways: <a href="https://t.co/vgfYR48U2B">pic.twitter.com/vgfYR48U2B</a></p>
<p> — Tyler (@tmonson23)                     <a href="https://twitter.com/tmonson23/status/1354566026508210177?ref_src=twsrc%5Etfw">January 27, 2021</a>                    </p></blockquote></div>
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<p dir="ltr" lang="en">Game Stop stock trading in Nasdaq alongside google, tesla, Microsoft, facebook and Tesla. <a href="https://t.co/QHPCiJ1A8n">pic.twitter.com/QHPCiJ1A8n</a></p>
<p> — Prolific (@kiiru_jr)                      <a href="https://twitter.com/kiiru_jr/status/1354676376167739392?ref_src=twsrc%5Etfw">January 28, 2021</a>                     </p></blockquote></div>
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<p dir="ltr" lang="en">hedge funds last week hedge funds this week <a href="https://twitter.com/hashtag/GameStop?src=hash&amp;ref_src=twsrc%5Etfw">#GameStop</a> <a href="https://t.co/Oh47D5sJ8N">pic.twitter.com/Oh47D5sJ8N</a></p>
<p> — Nikks (@Nikks3141)                       <a href="https://twitter.com/Nikks3141/status/1354531137515892743?ref_src=twsrc%5Etfw">January 27, 2021</a>                      </p></blockquote></div>
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<p>At the end of the day,<strong> there should be no special treatment</strong> for those guys. I mean, it’s ok when everybody elseloses money because it’s a free market but once someone cracks the code and plays a fair game vs. them, they want regulations and bailouts.</p>
<p>This is just another proof of how globalization and internet communities can drive change when they get organized, and this weekwill always be remembered <strong>as the time some Redditors trolled Wall Street.</strong></p>
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gamestop

Even Michael Jordan lost millions on the GameStop Wall Street scandal

Reddit beats Wall Street: Funniest memes and reactions from GameStop's stock scandal