according to Bloomberg, Goldman Sachs Group stated that as the meme stock frenzy returns and triggers a surge in small-cap stocks, its clients are more "willing" to short the stocks of unprofitable tech companies. After soaring about 70% from a low point in mid-April, a basket of unprofitable tech stocks tracked by the bank fell more than 3% over the past two days. Faris Mourad, vice president of Goldman's U.S. customized basket team, wrote in a report to clients: "Almost all of this week's exchanges with clients revolved around one question: when to take speculative actions in the market's strongest sectors, such as shorting unprofitable tech stocks. More actions have been taken later this week, and we have already noticed that clients are willing to short at the current price levels."