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Short Sellers Face End of an Era as Rookies Rule Wall Street

  • From Citron to Carson Block, bears are pulling in their reins
  • Supporters say they serve to police markets, uprooting fraud
Newbies Discover Penny Stocks and 1 Trillion Shares Get Traded
Photographer: Spencer Platt/Getty Images

The latest assault on Wall Street short sellers has a long tradition, dating back to, well, at least Napoleon. “Treasonous,” he called them for betting against government securities.

They survived that and numerous other attacks over the next several centuries. But the GameStop uprising could mark the end of an era for the public short -- the long-vilified folks who try to root out corporate wrongdoing, take positions betting a stock will fall and then wage public campaigns.