This hedge fund made 35% on its Twitter bet — now it’s shorting GameStop and AMC’s ‘absurd’ valuations
Meme stocks are still over-valued, claims this short seller
In May, Bireme Capital took a roughly $10m position in Twitter. It wagered that Elon Musk would be forced to buy the social networking platform.
That bet is now up 35% and the US-based hedge fund has now found another opportunity: Shorting meme stocks.
