Lessons from a hostage negotiator. Hear, hear
This is one sick game. Investors piled into shares of GameStop on Friday, sending the video game retailer up 51 percent in an apparent effort to squeeze out a short seller who says he’s being threatened and harassed for predicting that GameStop’s shares are going to $20. Noted short seller Andrew Left of Citron Capital posted a letter to his website Friday — just one day after he made his prediction — saying the threats have gotten so severe he’s asked the FBI, local law enforcement and the Securities and Exchange Commission to investigate. “These are not just name-calling and hacking but have extended to the harassment of bullying of minor children,” Left wrote referring to his family. Earlier Thursday, Citron Research suspended a livestream event to explain its short position on GameStop, saying there were attempts made to hack its Twitter account. Left has also received unwanted food deliveries at his home and has been signed up for Tinder, he told The Post. “I have never experienced anything like this viciousness,” he said in an interview about the bizarre response. “And over GameStop,” which he described as a “failing mall-based retailer” on YouTube. GameStop’s shares have soared over the past
Intel launched an investigation after a hacker reportedly stole part of its quarterly earnings report, forcing the computer-chip maker to publish its results early. Chief financial officer George Davis told the Financial Times that an infographic from its earnings release was hacked from the company’s PR website. Intel said it is probing reports of the unauthorized access, which Davis reportedly described as an illicit action that didn’t involve the company unintentionally releasing any material. “Once we became aware of these reports, we made the decision to issue our earnings announcement a brief time before the originally scheduled release time,” Intel said in a statement. California-based Intel usually releases its quarterly reports once the stock market closes at 4 p.m. Eastern time, but the company published its October-to-December results nine minutes ahead of schedule as a result of the leak. Intel’s stock price surged in the minutes before the closing bell and ended the day up 6.4 percent after the early release. The report forecast adjusted sales of $17.5 billion for the first quarter, beating Wall Street’s expectations. But the shares tumbled as much as 9.1 percent to $56.77 on Friday after incoming CEO Pat Gelsinger said he was “confident” that
