They didn't make $100b profits ! Just look at the total numbers for the four years 2020-2023. They lost in total $579b and made $300b, so overall a cumulative loss of $279b over four years. That's a horrible track record. I certainly wouldn't want to "invest" in shorting if that was a typical return.
From bloomberg"Short SellersLost $195 Billion in 2023 Despite Wins on Regional Banks
· .............
Overall, shortsellers ended 2023 with paper losses of nearly $195 billion, offsetting abouttwo-thirds of the nearly $300 billion in gains they reaped in the market routof 2022, according to S3. The group lost about $142 billion cumulatively in2021 and $242 billion in 2020."
All IMHO, DYOR
Weebit - 2024 and beyond, page-176
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