Citron’s Left: I’m Going Quiet On GameStop After “Angry Mob” Committed “Multiple Serious Crimes”
Citron Research’s Andrew Left released a brand new letter Friday morning from a new Twitter account, stating that it will “no longer be commenting on GameStop” due to an “angry mob” that has “spent the past 48 hours committing multiple crimes that [it] will be turning over to the FBI, SEC, and other governmental agencies.”
Zero Hedge has confirmed the new Twitter account is run by Left.
Referring to backlash surrounding its GME short thesis (from, we suspect, the WallStreetBets subreddit), Left starts his letter by saying: “What Citron has experienced in the past 48 hours is nothing short of shameful and a sad commentary on the state of the investment community.”
“This is not just name-calling and hacking but includes serious crimes such as harassment of minor children. We are investors who put safety and family first and when we believe this has been compromised, it is our duty to walk away from a stock,” he continues.
— Citron Research 2 (@CitronResearch2) January 22, 2021
“We hope that government enforcement will eliminate this problem for all future market commentators whose families get terrorized by people who naively think they are anonymous. Family First,” the letter ends.
Recall, earlier this morning, we posted a report about how Citron’s streaming video regarding GameStop was suspended yesterday due to “hacking attempts”.
Left was forced to stop his stream, explaining on Twitter that too many people were trying to access his Twitter account at the time. Twitter locked his account as a precaution, Bloomberg reported Thursday night, and eventually had to work with Left to get it reinstated.
“Too many people hacking Citron twitter, will record and post later today. $GME going to $20 buy at your own risk,” Left tweeted mid-day on Thursday.
Too many people hacking Citron twitter, will record and post later today. $GME going to $20 buy at your own risk
— Citron Research (@CitronResearch) January 21, 2021
Left took to YouTube later in the day to finish the video he had started. “I’ve never seen such an exchange of ideas of people so angry about someone joining the other side of a trade,” he said.
“This is a failing mall based-retailer,” Left starts by saying.
“You can get mad, you can hack my account, you can go to Twitter, you can sign on and call me every name – but if you wanna save the company, go out there and actually buy something from GameStop. That’s the only way you’re going to be able to save the company. Other than that, the more you buy, I’m sure there will be supply on the other side,” Left concludes.
You can watch Left’s full video explanation of his GME thesis here:
Fri, 01/22/2021 – 09:45