Hedge fund tries to short Gamestop, now gets short squeezed by R/wallstreetbets

[Alcibiades]

The whole point of short-selling is that it is extremely risky. Yet these hedge funds expect to be able to do it with impunity! They should have been better-prepared for this sort of eventuality, and the response from some quarters of Wall Street is the kind of thing which encourages irresponsible financial practices by essentially saying investors shouldn’t have to live with the consequences of their actions.