Also - what do you think short sellers like Citron do all the time. Put out fake reports about companies to make money off their short positions.
The sentiment on the trade is eff those short sellers and their sketchy tactics.
There are entire threads and Discord channels dedicated to coordinating this. It will be extremely difficult to convince a court that there is no coordination or market manipulation, especially when there are people who are spelling that fact out. And reddit have all of their IP addresses.
> Also - what do you think short sellers like Citron do all the time. Put out fake reports about companies to make money off their short positions.
If you can prove that those allegations are indeed fake, then they can be held liable for that. But Citron's influence stems from the fact that they have published a large number of reports that were indeed correct, e.g. Valiant.
> The sentiment on the trade is eff those short sellers and their sketchy tactics.
What sketchy tactics? Expressing their view that a company like Gamestop is not worth very much on account of their outdated business model that relies on physical retail in a sector that has been going fully digital for the last 15 years?