Morning Brew Daily Short Selling on Trial & Wordle Gets a Game Show
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May 12, 2026 A trial over alleged stock manipulation puts short selling back in the spotlight and sparks debate about market tactics. Young Americans show a sharp drop in optimism about job prospects and the causes behind it are unpacked. Venmo is reworking its app into a social financial platform with privacy changes. Wordle is being adapted into a primetime TV game show with casting news.
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Citron's Playbook And The Prosecution's Charges
- Andrew Left built Citron by publishing sensational reports and amplifying them on social to push stocks down while shorting them.
- Prosecutors claim he made millions by misrepresenting holdings and cutting hedge-fund deals around market-moving posts.
Short Seller Trial Could Redefine Market Manipulation
- Andrew Left's trial tests whether provocative short-seller research crosses into illegal market manipulation under vague Section 10B law.
- The SEC alleges Left misrepresented his holdings and timed posts to profit, forcing a jury to draw a new line on speech versus manipulation.
Young Americans Are Unusually Pessimistic About Jobs
- A Gallup poll shows 15–34 year-olds in the U.S. are far more pessimistic about local job prospects than those 55+, a 21-point gap and the largest global generational gap.
- This reversal from historical norms is striking because younger Americans usually report higher optimism than older cohorts.