GameStop saga’s key players prepare to face US lawmakers

Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in New York in 2019

Credit: Alex Flynn/Bloomberg

He casts Melvin Capital as just one of the losers in what he calls an "unprecedented" event. "Investors in Melvin suffered significant losses. It is now our job to earn it back," he said. 

As a result of the attention, he also describes a slew of antisemitic abuse he received both on Reddit and via text message. 

"We don’t know whether it will just be warnings versus actual findings in terms of (stock) manipulation. That’s going to take time," said Quincy Krosby, chief market strategist at Prudential Financial. "It’s clear the concern is there. We’ll see how the (Biden) administration handles this."