• atocci@lemmy.world
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    3 months ago

    If I understand correctly, they can sell the shares they were forced to buy and get back most of the $56,000 they owe.

    • The Dark Lord ☑️@lemmy.ca
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      3 months ago

      When you short a stock, you borrow a stock, then sell it, then you buy it back at a (ideally) lower price. Then, you have to give back the stock plus interest. This person can’t sell the stock because they have to give it back. It wasn’t theirs to begin with. They were just borrowing it.