On Thursday, a House committee will hear testimony from Robinhood CEO Vlad Tenev, Melvin Capital CEO Gabriel Plotkin, and Citadel CEO Kenneth Griffin.

Given that the nuances of the situation are only understood by those with a deep grasp on naked short interest, retail brokerages, hedge funds, and market makers, we at GMEdd decided it would be best to lay out some of the questions that need to be answered by the men that rarely allow themselves to be questioned in the public eye.

Read the full statement here

The latest development in our series of tracking  Ryan Cohen’s Twitter following is a wildcard. Ryan Cohen just followed the man, the myth, the legend, Elon Musk.

We have confirmed Elon Musk has not followed him back at this time. Cohen, in trying to keep the stylish “10 following,” has unfollowed SEGA to accommodate for the spot for Musk.

Is it a temporary follow to acknowledge the famous “Gamestonk!!” tweet  that collapsed the $150/share wall? Or is there a deeper meaning here? Who knows.


CNBC Mad Money’s Jim Cramer still can’t get GameStop out of his mind. Cramer has spent the last few hours ranting  on Twitter about how “Ryan” can’t change a “crummy mall-based company.” Cramer goes on to say that “He may not even have a plan!”

At this point,  I can’t help but think Cramer is just looking for attention. 

Back in December, Cramer first started showing interest in $GME. On TheStreet Live, he encouraged his viewers to not be snobs, and to do their own due diligence . 

What’s changed since December, Jim?  At this point, it’s comedic. Your ridiculing only adds fuel to the fire and makes us want to buy more.

Published today, this profile by Business Insider sheds light on Ryan Cohen’s story, explaining how he thinks about business. I would recommend anyone who is just getting started on their GameStop fundamentals research to read it and take from it what you will.

“I’m lucky. I’m talking to a lot of different entrepreneurs and business[es] and looking at corporate board opportunities,” he said. “I’m going through that exploratory process. I have no plans to sit in retirement, that’s for sure. I’m 33 and I’m competitive and I like consumer businesses and I like to win.” Ryan Cohen told TechCrunch in 2019.


Set your calendars and grab your popcorn, the virtual hearing, titled “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide,” will take place Feb. 18 at 12 p.m. ET.

House Representative Maxine Waters has announced that the committee will hear  testimony from Robinhood CEO Vlad Tenev, Reddit CEO Steve Huffman , Melvin Capital CEO Gabriel Plotkin, Citadel CEO Kenneth Griffin, and Keith “Roaring Kitty” Gill.

Given that the hearing is virtual, Roaring Kitty and Vlad Tenev will not finally be in the same place. This does not alleviate the lasting conspiracy that Kitty and Tenev are the same person, pulling off the most elaborate marketing stunt of all time. /sarcasm

We can expect the questioning to come from politicians with less thorough comprehension of the markets than a Wallstreetbets Redditor who joined two weeks ago shouting, “Diamond hands ????????????.”

Here’s where to watch it 

Looks like the cats out of the bag on this one. Undisclosed sources have shared with Reuters exclusively that GameStop was unable to capitalize on the recent price action by deploying the $100M shelf offering that was unveiled at Q3 earnings. Given that the offering was capped at $100 million, it would be beneficial to offer it when the market cap was so uniquely high, as it would result in less shares being released to the market, therefore diluting existing shareholders by immensely less.

While the possibility for the board to add 10% more shares to the market had frightened investors at Q3 earnings, there was a general consensus among us long investors that raising a practically free $100M to fund growth at $300 to $500/share would have been a bullish move.

Unfortunately, the SEC requires that earnings be published at the time the offering is deployed, so it is possible that this offering will not be exercised until Q4 earnings expected in March, if at all. Despite Sherman stating that utilizing the offering is unlikely, it could be used to raise money for the omnichannel transition, where a roadmap could be laid out as well. 

To be clear, the source is unknown so this news is not fact, but it is still worth discussing.


Tae Kim, a technology columnist for Bloomberg Opinion, has published an article titled, “What If GameStop Actually Thrives After the Gamestonk Saga?” The article begins to cover the RC Ventures turn around story, and how the company is rapidly hiring new forward-thinking talent to shift away from the traditional retail experience. 

The hires are a big deal and a signal that Cohen has taken the reins and is driving the company’s strategy. The technical and e-commerce-oriented backgrounds of the new additions show how GameStop is drawing from a different talent pool — leagues better for where it is going than the staff CEO George Sherman was able to attract in the past. 

Source: Bloomberg