As Hertz exits bankruptcy, Reddit crowd pockets a big score
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By Katherine Doherty and Steven Church
July 1, 2021 1.06pm
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It was seen as one of the great markers of out-of-control, irrational froth during the pandemic legions of amateur day traders were frantically snapping up shares of Hertz Global Holdings after it filed for bankruptcy.
As the stock swelled to $US5.50 last June, it made no sense to the experts. Regulators stepped in, blocking the car rental company from selling any new shares to gullible investors.
As Hertz Exits Bankruptcy, the Reddit Crowd Pockets a Big Score
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