Hertz — The original meme stock — is turning out to be worthless (Bloomberg)

www.bloomberg.com/news/articles/2021-03-02/hertz-the-original-meme-stock-is-turning-out-to-be-worthless

TL;DR: Hertz is probably the original meme-stock from last year. Hertz declared bankruptcy, and then for some reason, memers decided to buy the company anyway. Hertz jumped on the opportunity, issuing a secondary offering and raising $29 million before the SEC jumped in and declared the whole mess to be a bad idea.

As expected: those poor retail suckers who gambled $29 million on this bankrupt company are getting $0 now.

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