Plunging meme stock Bed Bath & Beyond vindicates short-sellers as GameStop and AMC remain elevated

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People wearing face masks walk past the Bed Bath & Beyond store in New York City.

John Nacion | SOPA Images | LightRocket | Getty Images

Bed Bath & Beyond shares plunged on Thursday on disappointing earnings and guidance, wiping out its jaw-dropping meme-stock rally in 2021 as harsh reality sets in.