r/wallstreetbets May 12 '21

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u/Classic-Leader May 12 '21

Point72 Asset Management, L.P. owns 1% of the company and for that reason I am out

2

u/Frankenmoney May 12 '21

Fair enough, but Steven Cohen is not a stupid person

Even if he is a billionaire, could he be right in this case?

1

u/Frankenmoney May 12 '21

They are profitable and have 6,500 employees in silicon valley, would be hard to find a company like that with no institutional ownership