I think that there's less to this story than it seems. Does anyone know if they actually shorted 12 MILLION shares? That would have created quite a splash and don't forget that when a stock is shorted, the short seller must also put up collateral to repurchase the stock. I know nothing about the seller, but if that is an outsized a transaction as they claim it to be, they likely did not actually short 12 million shares. In other words, I think that the REPORT was wrong, but the trade was actually 12k shares as they intended.

The interesting part is that they shorted Rumble too. Doesn't Thiel own a piece of that? With Thiel-supported Vance being selected for VP, shorting his buddy's stock seems ...worth a look.