So what happens when WSBers realize that they can go the other way and also short a company over 100% into a bankruptcy? Are corporate raids/hostile takeovers next?
Why would they do that? Their entire mission was predicated on putting firms who short companies out of business. These hedge funds that make money by betting against corporate America add nothing to society. Absolutely nothing. I applaud what they are doing wholeheartedly.
Thought it was just to make money? I'm in no way rooting for the hedge funds, guess need to fight fire with fire.