...except that's not where it stops with these big firms--they actively poison the well by pushing bad publicity regarding these companies in order to force their positions. The bet itself isn't inherently "wrong," but the nature of it being allowed and the inevitable nature of runaway capitalist shitbags create the certainty that these hedge funds will be spending much more money to release FUD into the news cycle about these companies.
So, making simple bets like this really isn't all that they are doing. They really are trying to destroy these businesses. Obviously, the SEC hasn't had much interest in dealing with this criminals, so it looks like the retail investors have decided that if they can force this scum to eat their faces by dealing them the only loss in the world that these soulless twats can ever tolerate--their fortunes--then maybe this is the only solution to this kind of criminality.
hell...what was that Israeli private special forces company that was hired to make those fake claims about AMD two years ago, releasing fake benchmarks, fake claims, an entirely fake company, fake bugs (some of it was the whole Meltdown and Spectre thing, but there were at least 3 incidents like this), that were all connected to some heavy short positions at the time (AMD was up to 40% short in those days)
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