GameStop Chairman Blasts Short Sellers, Calls For Government Action Against Them

GameStop Chairman Blasts Short Sellers, Calls For Government Action Against Them

2 years ago
Anonymous $R5WK5a8uaN

https://wccftech.com/gamestop-chairman-blasts-short-sellers-calls-for-government-action-against-them/

A protestor showing his support for GameStop after trading platform Robinhood restricted the company's shares from being traded in 2021. Image: Ian C. Bates/The New York Times

Video game retailer GameStop Corporation's chairman Mr. Ryan Cohen has lashed out at investors dubbed as short sellers. Mr. Cohen's comments were made on the social media platform Twitter, where he criticized them, in a series of tweets that took observers by surprise. His company came into the spotlight early last year when retail investors coordinated on social media platforms to buy the company's shares. This resulted in a meteoric share price increase for a company that was facing troubles both with its operations and on the stock market. This then resulted in the short sellers, who bet against a company's share price, incurring heavy losses, with some having to receive bailouts from large hedge funds.