some_guy@lemmy.sdf.org to Technology@lemmy.world · 11 hours agoOpenAI is now valued at $157 billionarstechnica.comexternal-linkmessage-square111fedilinkarrow-up1192arrow-down117file-text
arrow-up1175arrow-down1external-linkOpenAI is now valued at $157 billionarstechnica.comsome_guy@lemmy.sdf.org to Technology@lemmy.world · 11 hours agomessage-square111fedilinkfile-text
minus-squareAngry_Autist (he/him)@lemmy.worldlinkfedilinkEnglisharrow-up22·6 hours agoIf I had 10k to leverage I would be shorting the FUCK out of this, it’s a bubble and everyone knows it
minus-squaredependencyinjection@discuss.tchncs.delinkfedilinkEnglisharrow-up1·2 hours 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-squareDragonTypeWyvernlinkfedilinkEnglisharrow-up3·1 hour 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 hour agoFair point. I, perhaps wrongly, assumed OP wanted to short them out of existence and not just profit from shorting them.
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
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.