Part 7/10:
Despite his successes, Cohen's war with retail investors boiled over during the infamous GameStop squeeze. While managing significant short positions against the stock, Point72 faced savage attacks from a retail investing community rallied by social platforms like Reddit’s WallStreetBets. The resulting volatility placed immense pressure on hedge funds, including Cohen's, leading to substantial losses. Nevertheless, Cohen's reputation remained intact, showcasing his resilience in navigating the complexities of modern trading.