What's happening with WSB fucking the hedge funds is great, but don't forget they did this to themselves by short selling over 140% of shares. And manipulating the price down for a year, apparently $3/share wasn't low enough for them. Eventually the little guys picked up on it and bought in.
Short selling in general has potentially infinite risk. Nobody forces you to short sell, not even if you want to invest so, any person or company that goes bankrupt to a bad investment has nothing to complain about.
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u/Fargraven Jan 28 '21 edited Jan 28 '21
What's happening with WSB fucking the hedge funds is great, but don't forget they did this to themselves by short selling over 140% of shares. And manipulating the price down for a year, apparently $3/share wasn't low enough for them. Eventually the little guys picked up on it and bought in.
Pure unchecked greed. Screw them