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A Wikipedia Conspiracy and the Wall Street Meltdown
PatrickByrne writes "This is The Register's world-class investigative piece concerning one aspect of the meltdown on Wall Street ('naked short selling') and how the criminals engaged a journalist to distort Wikipedia to confuse the discourse. The article explicitly and formally accuses a well-known US financial journalist, Gary Weiss, of lying about his efforts to distort a Wikipedia page under assumed names, and accuses the Powers That Be in Wikipedia (right up to and including Jimbo Wales) of complicity in protecting Weiss. This is not another story about a 15-year-old farm kid in Iowa pretending to be a professor. This is like the worst Chomskian view of Elites manipulating mass opinion. But it is all documented." We discussed the alleged Wikipedia manipulation when The Register first wrote about it last December. The submitter is the CEO of Overstock.com and a major player in this drama from the beginning.
Makes me appreciate all the teachers that don't like students using wikipedia as a reference in schoolwork.
What's the value of information that you don't know?
I've been happily short Overstock in the past, and apparently Mr Cuban has been too. CEOs who are whining about the evil shorts rather than minding the business of their company should be fired.
From http://blogmaverick.com/2005/04/16/the-naked-shorts-get-some-clothes/2/:
And remember, rule of thumb #1 If the CEO of a company that you own [OSTK] about short sellers hurting the price of the stock. Sell the stock. Fast.
And give serious consideration to shorting the stock.
It's Linux, damnit! Pay no attention to renaming attempts by self-aggrandizing blowhards.
I've no doubt that is exactly the case.
Potato chips are a by-yourself food.