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07/30/12.12:06.AM

News light shutdown in north India

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Judd Bagley
12/16/09.12:23.PM

Analysis Wikipedia’s Jimbo Wales sees Ga...

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Judd Bagley
12/08/09.9:26.PM

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Judd Bagley
09/04/09.11:32.AM

Management It has been long maintained at Deep C...

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06/10/09.12:01.PM

News Partial transcript of Overstock CEO P...

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03/07/09.3:34.AM

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03/05/09.11:02.PM

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11/13/08.10:51.PM

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Patrick Byrne
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Overstock Featured Analysis

 

Wikipedia Unimpressed by Lies About Naked Short Selling and Overstock.com's Patrick Byrne

by Judd Bagley, Published: December 16th, 2009 12:26 PM CST

Wikipedia’s Jimbo Wales sees Gary Weiss sockpuppeting all over the internet, defending illegal naked short selling, attacking CEO of Overstock.com (NASDAQ:OSTK) Patrick Byrne, and engaging in debates using multiple identities.

As is described at great length in these pages, Wikipedia has been one of the principal battlegrounds in the effort to cover-up the crime of illegal naked short selling.

For just over two key years, former journalist Gary Weiss dedicated an enormous amount of time and energy to the process of gaining control over and skewing the Wikipedia article on naked short selling. We know that given Wikipedia’s influence as a research tool – of journalists in particular – the heavily Weiss-influenced version of the article made it much more difficult than it should have been to get real reporting done on the issue.

Fortunately, as more and more Wikipedians came to see what Weiss was doing, an army of volunteers banded together to prove, beyond any doubt, the extent of Weiss’s deception. Their conclusion: Weiss created multiple Wikipedia identities (commonly known as “sockpuppets”) working in parallel to give the false impression of much more support for his position than actual existed.

This is a huge no-no on Wikipedia, and resulted in Weiss’s permanent expulsion from the project, and the liberation of the naked short selling article (though far too late to matter, as naked short sellers managed to destroy Bear Stearns exactly one month later).

If you’ve followed the Deep Capture saga for very long, that much you probably knew.

Now you’re going to hear the rest of the story.

For the purpose of what follows, you need to know that in 2007, Weiss’s two main…

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Market Rap's All Time Top OSTK Pickers

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1

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Buy`OSTK`@`7.81

1

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2

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1

Paul Taylor

 

3

139.6%

Buy`OSTK`@`11.88

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