A federal grand jury in California has convicted short seller Andrew Left of securities fraud.

A federal grand jury in California has charged activist short seller Andrew Left with multiple counts of securities fraud for a $16 million stock market manipulation scheme.

Melvin Capital is also exiting GameStop, with manager Gabe Plotkin telling CNBC that the hedge fund was taking a significant loss. Last week they gave us the Great GameStop Stock Uprising. Online spaces are being used to radicalize people toward extremism, to plan hate crimes and attacks," she said. It’s the same thing as when Jim Cramer gets on CNBC smashing buttons.”AdIn 2017, the hashtag “MeToo" began going viral as women — and some men — shared their experiences of sexual assault on social media. Social media also helped Black Lives Matter activists organize rallies, record police violence and communicate during the marches sweeping the U.S. and other countries following the death of George Floyd last summer.

On Wall Street, though, it's become a battleground where swarms of smaller investors see themselves making an epic stand against the 1%. Big bets they made that GameStop's stock would fall went wrong, leaving them facing billions of dollars in collective losses. All the wild action pushed GameStop's stock as high as $380 on Wednesday, up from $18 just a few weeks ago. Two investment firms that had placed bets for money-losing GameStop's stock to fall have essentially thrown in the towel. But Andrew Left, who runs Citron, said that does not change his view that GameStop's stock will eventually go down.