Citron and the Shopify short story
Oct 2017
Citron has assembled a comprehensive folder, which we have forwarded to the FTC, and we are certain that the company will face an investigation for selling business opportunities.
March 2018
Shopify has a BIG Facebook Problem!
Shopify’s “entrepreneur” program, one of its sexiest metrics, is in serious jeopardy. Shopify should immediately trade back to $100.
Shopify and Facebook have been in an unholy alliance for years – in which Facebook has shared your personal information with Shopify sponsored/supported opportunists. The warning signs have been there, but as the scope of Facebook’s severe privacy problem gets exposed, Facebook has no choice but to drastically revamp how it sells its data – data about you and your personal behaviors. Rocked to the core of its business model, Facebook has no choice but to take away Shopify’s punch-bow.
Citron made a little opps on that attempt to discredit Shopify, as the Shopify stock price is now over $200.00 a share again . How is that investigation going Citron? I cannot find any indication by the FTC that your claims hold merit or am I mistaken?
My personal but unqualified opinion is that an investigation into companies ( not referring to Citron in any way) that short stocks and use the media to create a planned selling frenzy is needed in today's viral market.
If I read things correctly Citron was in contact with Tilray prior to the contract cancellation (correct me if I am wrong). I wonder if they were shorting Namaste and Tilray during that time and if they were, would that not be a security violation? Who exactly contacted the Quebec government and what were the words per batem that were exchanged? Were they recorded?
I am only stating my unqualified opnion and am NOT giving any market advice to buy or sell any security. Etc. Etc.
I do however agree with those that say the party was in "super bad taste" . I mean Snoop Dog really!!!!!
PS : Did Citron short Facebook ?