[mrfredward]

>It would have been unethical to be the boss of the company that offer new shares, got them bought on a market, but also unblocking all the short sellers in the process.

The stock market exists so that companies can access capital. If Gamestop were able to raise money, pay off some debt, avoid closing some stores and laying people off in the future, and fund a turnaround plan, that would have been the best possible outcome.

The only ethical issue is whether all the information is out there for investors, and in this it wasn't, so they couldn't raise money until whatever they are holding on to is announced.