What about all the people who lost jobs at GameStop when the board got pissed the stock was in the toilet? You have a case of a hedge fund that was playing games to manipulate the price of a stock downward for a quick 400% profit the last few years with what appears to be no hedge on the other side of the bet. They could've bough calls to offset potential losses but they didn't because that wouldn't have meant such impressive gains.

People who should've known better got caught with their pants down and I have absolutely no sympathy for hedge funds.