Technology

The actual definition of shorting is that you borrow shares, sell them, buy back when cheaper, then return. This has infinite downside because it could go up and you don't know how much and you're on the hook for the shares borrowed.

The thing most people on wallstreetbets and the like do, is buy "put" options. It's a stock option contract that gives you the option to sell a certain amount of stock for a certain price before a certain date.

Example: Company's share price is 1000$. You believe it will fall to 500$ because you think it's super overvalued. You buy a bunch of put options for a date after what you think is correct, for say 900$. Since the price is lower than the current price, the options are cheap. Once the stock price actually drops below 900$, it the options go up in value. You can now just sell the options instead of actually exercising them (which would imply buying cheap stock and selling it for the more expensive price in your option contract).

Options can go up or down in value significantly more than the underlying stock. Very easy to lose all the gambled money, but if you get lucky, you can multiply your money. But as they say, the house always wins. And we're not the house.

So they confidentially go public. Makes sense lol

And holds peoples retirements and investments.

Since you have very few places to put money into that won't get eaten by inflation.

Congress is already giving them your tax dollars. They've gotten a number of tax breaks and subsidies.

Don't underestimate their creativity when it comes to making things worse for the plebs

Well, they were one of the best of the turds. I was kind of hoping they'd stick around and be a mitigating force on the AI market that at least taps the brakes on all the bullshit. Seems unlikely now.

The usual IPO: layoffs, increase the price of the subscription, ads in the results.

By financially dragging anyone they can else they can in with them, in a desperate reach for riches. Or is it a desperate reach to try and cover their losses?

Probably both.

They have a lot less runway to enshittify than everything else we've seen recently. Because AI is way more expensive than anything else we've gotten for "free". Which means they're already on borrowed time.

Hopefully they get it over with sooner rather than later. The longer it takes, the more my retirement savings gets fucked.

good to know… thanks for the info

But don’t the public investors need that info to decide? Like a prospectus?

I don’t know that much about IPOs. I’m just assuming.

I had read confidently and was like I bet you smug bastards.