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Theranos collapsed without any shorting involved. Isn't this a counterpoint to the argument that shorting is required for "price discovery" and the unmasking of fraud?

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It took 10 years. Might have been faster and wasted less capital if had been publicly traded and therefore possible to short it.

Not everyone is interested in going public (e.g. see Valve), and correcting one wrong with another is not a valid approach.

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