Hmmmm....10's of millions "buys at the bid." That's a new one for me.
I agree. It's not the "peeps" selling. Most are too far underwater to want to take the massive loss. The company would be the best guess on who is selling shares.
FYI...News has not moved this stock recently. Maybe there's a momentary blip upwards while newbies buy in without having done their DD, but it normally settles back downwards by the end of the day.