5 ms·
Just look at what Citron Research did to Shopify last year. They tanked the stock from $120 to $93 just based on false accusations that they put out in a "repor
by askafriend 9y ago
Just look at what Citron Research did to Shopify last year. They tanked the stock from $120 to $93 just based on false accusations that they put out in a "report".
Now Shopify is now closer to $150...so their plan worked.
- kbenson 9y ago> just based on false accusations that they put out in a "report". If it's false information, isn't that classic stock manipulation? I thought for it to be legal to make money on the stock it had to be both accurate and publicly available (if potentially hard to put together)?
- askafriend 9y agoThey make claims that are demonstrably...stupid. I don't know if there's a better, more nuanced word to use here. It's trolling in broad daylight from what I can tell. Watch the video and see for yourself: http://citronresearch.com/citron-exposes-the-dark-side-of-shopify/ http://citronresearch.com/citron-exposes-the-dark-side-of-sh... That video by itself tanked the stock for many many weeks, until they finally reported quarterly results and it started climbing again. I'm glad the CEO didn't feed the trolls by acknowledging this report in any depth. Also shows how irrational the stock market is in the short term.