(Bloomberg) — Shopify Inc. Chief Executive Officer Tobi Lutke called a short seller that targeted his company a “troll,” in his first public response since being targeted by Andrew Left’s Citron Research last week.
Left, who said he had taken a short position in the stock, published a report on Oct. 4 questioning the sustainability of the Canadian e-commerce company’s growth rate and calling its marketing tactics illegal. Though Wall Street analysts overwhelmingly stood by Shopify and rejected Left’s claims, the company’s shares fell 12 percent, its biggest one-day decline since listing in May 2015.
See also: Shopify Tumbles as Citron Calls Company ‘Get-Rich-Quick Scheme’
“Lots of people want me to address the short-selling troll that’s targeting,” Shopify, Lutke tweeted Tuesday. “Looking forward to next earnings calls to do so.”
Shopify helps small merchants set up online stores. Citron’s report alleges the vast majority of them are recruited by promoters promising the website is an easy way to make money without doing much work, and that eventually the company’s growth will crumble when these merchants fail.
Left immediately responded to Lutke calling him a troll when contacted by Bloomberg, saying it “shows his immaturity as a CEO.”
“The irony of an outfit like Citron accusing any business of being a get-rich-quick scheme should not be lost on anyone,” Lutke added.


A judge in District of Columbia Superior Court has rolled back the scope of the original warrant that required DreamHost to hand over data belonging to users of anti-Trump website disruptj20.org.
Under a new order, DreamHost will provide a redacted set of data that aims to protect non-subscribers to the website, which is allegedly linked to rioting during the presidential inauguration in Washington, D.C.
On Tuesday Chief Judge Morin said that the court will incorporate “procedural safeguards to comply with First Amendment and Fourth Amendment considerations.”
Under the order, DreamHost will provide the government with all information for the account disruptj20.org, but can redact the user identifying information of any non-subscribers who visited or communicated through the website. DreamHost will be required to hold onto non-redacted copies of the lists should the court order the hosting company to provide any of the non-redactions to the government in the future.
The order comes more than a month after DreamHost talked to The WHIR as it considered its next move.
The government also has to wait until it gets court approval to begin its review of the redacted materials, explaining how it will conduct its review, the intended search protocols, as well as its plan for permanently deleting all data not within the scope of the warrant. The full order can be read here.
In a statement provided to The WHIR, DreamHost general counsel Chris Ghazarian said:
Chief Judge

© 2012 Webhosting news Suffusion theme by Sayontan Sinha