GameStop Corp. (GME)

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GameStop (NYSE: GME), for example, blew up the internet earlier in the year when a bunch of Reddit users drove its share price upward, resulting in a world of pain for the hedge funds that got stuck in a short squeeze. Index funds are passively managed funds that aim to match the performance of the market indexes they're associated with. S&P 500 index funds follow the S&P 500 itself, which is comprised of the 500 largest publicly traded companies.

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  Caruso’s Latest Development: Connecting With Cryptocurrency

  WWD
• 
  Market Wrap: Bitcoin Stuck Around $58K; Monthly Volatility Drops to 3-Month Low

  CoinDesk

‘51% to go’: Reddit crowd rejoices at report that Melvin Capital rang up a 49% first-quarter loss

Melvin Capital is giving the Reddit crowd something to cheer about on a Friday, after the hedge fund rang up a 49% first-quarter loss, according to a report from Bloomberg News on Friday.

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  Plotkin’s Melvin Capital Extends First-Quarter Losses to 49%

  Bloomberg
• UPDATE 1-Hedge fund Melvin Capital lost 49% on its investments in Q1 -source

  Reuters