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.
Submitted March 03, 2021 at 04:08PM by dragontamer5788 https://ift.tt/3kJwXzN
