Michael Jordan's costly connection to the Gamestop/Robinhood fiasco

<p>It turns out that Michael Jordan has a very direct connection to the massive financial losses incurred to hedge fund Melvin Capital as a result of the "Reddit Rebellion." &nbsp;&nbsp;When Reddit investors took to their Robinhood apps to engage in a "short squeeze" against fund manager Melvin Capital, this caused significant financial damage to Gabe Plotkin, owner of Melvin Capital, who also happens to have just become a major business partner of Jordan's, buying a massive stake in the Charlotte Hornets. &nbsp;&nbsp;While Michael Jordan's net worth remains high, the financially damage to a major business partner undermines his ability to sell more of the Hornets to Plotkin and also adds to the $300 million in losses he incurred after a pandemic-crippled NBA season.</p>