Elon Musk boosted the price of GameStop after he tweeted a link to the Reddit board where small investors had made a play to buy the stock at a low price:
https://www.cnbc.com/video/2021/01/27/gamestop-jumps-elon-musk-tweet-link-reddit-board-experts.html
Afterward, he tweeted about the scam. Read it here:
https://twitter.com/elonmusk/status/1354890601649610753
"u can’t sell houses u don’t own
u can’t sell cars u don’t own
but
u *can* sell stock u don’t own!?
this is bs – shorting is a scam
legal only for vestigial reasons"
(post is archived)