Shopify CEO Tobias Lutke, pictured, addressed allegations made earlier this month by short-seller Andrew Left of Citron Research. Left published a video alleging the company doesn’t comply with Federal Trade Commission guidelines and suggesting the stock’s value is closer to $60 before any potential FTC involvement. 

Source: Toronto Star

Date: November 4th, 2017

Link: https://www.thestar.com/business/tech_news/2017/10/31/shopify-shares-tumble-as-ceo-addresses-allegations-of-get-rich-quick-scheme.html

Discussion

1) What is short selling?

2) Are tech companies impacted more or less by short selling?