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An interesting story about the stock GME (GameStop) has happened during the early year 2021. Please briefly summarize why some hedge funds such as Melvin

An interesting story about the stock GME (GameStop) has happened during the early year 2021. Please briefly summarize why some hedge funds such as Melvin Capital have significant lost during that period. After the significant lost reported from those hedge funds, Robinhood, Interactive Brokers and other brokers halt buying or investing in the call options of GameStop from retail investors in late January. What is your opinion on those restrictions

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