In 2008 every stock on Earth was crashing


Hedge funds shorted Volkswagen expecting it to follow the rest of the market down
Then Porsche quietly revealed they had been secretly accumulating 74% of VW through options and nobody saw it coming
The free float was just 6% but short interest was 12%
There literally weren’t enough shares on the planet for short sellers to cover their positions
In a single week Volkswagen went from an ordinary automaker to the most valuable company on Earth passing ExxonMobil at over $370 billion
Short sellers lost over $30 billion and some funds were completely destroyed overnight
The greatest short squeeze in history didn’t happen during a boom
It happened during the worst financial crash in 80 years
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