some_guy@lemmy.sdf.org to Technology@lemmy.world · 1 month agoOpenAI is now valued at $157 billionarstechnica.comexternal-linkmessage-square147fedilinkarrow-up1203arrow-down121file-text
arrow-up1182arrow-down1external-linkOpenAI is now valued at $157 billionarstechnica.comsome_guy@lemmy.sdf.org to Technology@lemmy.world · 1 month agomessage-square147fedilinkfile-text
minus-squareAngry_Autist (he/him)@lemmy.worldlinkfedilinkEnglisharrow-up24·1 month agoIf I had 10k to leverage I would be shorting the FUCK out of this, it’s a bubble and everyone knows it
minus-squareDragonTypeWyvern@midwest.sociallinkfedilinkEnglisharrow-up5·1 month agoMarket can remain irrational, etc
minus-squareravhall@discuss.onlinelinkfedilinkEnglisharrow-up1·1 month agoYou’ll never have 10k if you keep eating all those avocados.
minus-squaredependencyinjection@discuss.tchncs.delinkfedilinkEnglisharrow-up1arrow-down1·1 month agoEven if you 1000 x your $10k I don’t think you’d have enough to short something valued at $157B, however inflated that valuation might be.
minus-squareDragonTypeWyvern@midwest.sociallinkfedilinkEnglisharrow-up6·1 month agoYou can short something with $1. It’s just not enough to affect the value itself. You also don’t technically need any money at all, the point of a basic short is to profit off selling borrowed stock after all.
minus-squaredependencyinjection@discuss.tchncs.delinkfedilinkEnglisharrow-up2·1 month agoFair point. I, perhaps wrongly, assumed OP wanted to short them out of existence and not just profit from shorting them.
minus-squareAngry_Autist (he/him)@lemmy.worldlinkfedilinkEnglisharrow-up1·1 month agoA block for you…
minus-squareඞmir@lemmy.mllinkfedilinkEnglisharrow-up0·1 month agoYou can short something without forcing a short squeeze…
minus-squarehark@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·1 month agoHow do you short a privately-held company?
minus-squaresomeacnt_@lemmy.worldlinkfedilinkEnglisharrow-up0·1 month agoI’d say still risky. They might perpetuate the bubble for longer, which means high risk of forced covering at loss.
If I had 10k to leverage I would be shorting the FUCK out of this, it’s a bubble and everyone knows it
Market can remain irrational, etc
You’ll never have 10k if you keep eating all those avocados.
Even if you 1000 x your $10k I don’t think you’d have enough to short something valued at $157B, however inflated that valuation might be.
You can short something with $1. It’s just not enough to affect the value itself. You also don’t technically need any money at all, the point of a basic short is to profit off selling borrowed stock after all.
Fair point. I, perhaps wrongly, assumed OP wanted to short them out of existence and not just profit from shorting them.
A block for you…
Eh?
You can short something without forcing a short squeeze…
And one for you
How do you short a privately-held company?
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I’d say still risky. They might perpetuate the bubble for longer, which means high risk of forced covering at loss.
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