Why GameStop's stock surge is shaking Wall Street

[Sanity Claws]

3. One hedge fund has already gone under

I understand that another may also go under.
It was caused by a hedge fund selling short. How does the ability to sell short create anything of value? It doesn't. It is just a form of gambling. The hedge funders think they can make money selling short because they are large enough to manipulate the market.
This gambling by forces large enough to manipulate the market should be stopped.