Hedge Funds

This hedge fund pocketed $25m off Cyberpunk 2077’s flopped debut

Short-seller Melvin Capital won big after poor performance and blurry graphics led CD Projekt Red’s share price to tank after the game’s release

Melvin Capital had a short position representing about 0.6% of shares of Warsaw-based developer CD Projekt Red
Melvin Capital had a short position representing about 0.6% of shares of Warsaw-based developer CD Projekt Red Photo: CD Projekt

Crucial flaws in Cyberpunk 2077, one of the most highly-anticipated video games of the year, which fans had waited more than eight years to play, led the stock price of its developer to plunge by more than a third since its release.

But while gamers and investors lost out, some hedge funds won big.

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