JetBlue’s third-largest shareholder, Vladimir Galkin, made his fortune from GameStop and now holds an 8.1% stake in the airline as a side hobby.
.png)
JetBlue’s third biggest shareholder is not a famous trader, institutional investor, or even a billionaire. He is a guy who made his fortune using GameStop to pivot his profits into the airway company JetBlue. Vladimir Galkin, the executive chairman of an electronics platform, has bought up a large stake (8.1%) in the airline.
An expensive hobby that Galkin picked up, in an interview stating “My investments in public companies are a side hobby,” “I don’t day trade”. It is very rare for an individual to be highly concentrated in a public company like this, without family ties. Galkin stated that at one point during the Gamestop craze, 80% of his net worth was in the company.
Galkin began buying JetBlue when the company was trading at around $6, down from prices that the stock reached in 2021 at $20 a share. JetBlue has not made any comments but most likely will deal with Galkin like usual, taking any consideration he has to improve the company and continue operations. Galkin has seen great success following activist investors over the past couple years and continues to use trading as a way of building his net worth outside of his electronics platform.
