Shorting has entered the political arena

[sekker]

Spock wrote:
[quote=mattkime]
I really don't understand the idea that short selling shouldn't be allowed.

You think it's OK to sell something you don't own?
And doing so in a way that the person financially benefits from the thing they purchase deprecates?

This leads to massive financial conflict of interest for short sellers to ignore data, misrepresent data, or out and out fabricate data. The most overt example was the short seller who got an early Tesla and literally drove it until the battery ran out, had it towed, then lied that he never knew it was running out of range. Why? To generate negative press to financially benefit.

We are in a once-in-a-century pandemic. We have vulnerable parts of our society, that through no fault of their own they have financial issues, and they may very well come back fine once we have this all under control. Short sellers are like sharks in the water and are trying to kill off these companies.

I'm fine when the tiny sharks come in and settle things their way.