The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 7 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Keith Gill disclosed a nine-figure position in GameStop
“Roaring Kitty, aka Keith Gill, Just disclosed a nine-figure position in GameStop.”
Friedberg: Gabe Plotkin borrowed $2.75B from Citadel and Point72 during GameStop rally
“He had to borrow 2.75 billion dollars from Citadel and .7 just to get through his month.”
Tenev: Certain stocks in the 2021 trading frenzy had 140% short interest
“Right now you can short sell more stock than the shares that are outstanding, right? So, you know, some of these stocks had a 140% short interest, right? So more, more shares were shorted than actually outstanding.”
Friedberg: GameStop stock is currently trading at an absurd 192 times EBITDA
“12 and a half billion divided by sixty-five million of EBITDA means that this stock is currently trading at about a 192 times EBITDA.”
Chamath: GameStop short interest was around 50% as of Friday
“The best source of data that I have access to is a company called market m a r k i t. They're quite large. But as of this Friday, the short interest was still, I think about 50% in GameStop.”
Friedberg: GameStop finished FY2023 with $5.3B sales and $65M EBITDA
“GameStop finished the year, 20, 23 fiscal year, with Sales of 5.3 billion down from 5.9 billion the year before. So sales declined by 12% in the year. Adjusted EBITDA for the year was sixty five million dollars, and they have about 1.2 billion in cash.”
Friedberg: Borrowing GameStop shares reached a 30% to 60% interest rate
“In the case of GameStop, I think the cost of borrow got so high that you're basically paying 30, 40, 50, 60%, you know, interest rate to borrow GameStop shares to sell them short because there was so much interest in, in selling short.”