Only if their DMM enables options. There are many stocks without options. In that case, the only alternative would be to borrow shares from your broker and sell those shares instead. You’d then have an actual short position that could be recalled by the lender.
Either ways, I’d probably not touch it. I wouldn’t want the theta burn or the risk of getting recalled while price actions tries to figure out a direction.
To me it’s a sign of how out of whack the stock market is right now. Lemmy created the Reddit experience at a fraction of the cost. Yet Reddit spends millions a year doing it.
Considering a large majority are bots, I don’t think that is their issue. Until their numbers are public, we won’t be able to see the acquisition cost.
I don’t think the number of bots matters much, there are much more real people on Twitter than on Mastodon. It’s not an issue for Twitter because they already are the platform where everyone else is. I’m optimistic about Mastodon, it already has the better UX and the better business model and I think it will slowly attract more users over time and eventually reach the relevance that Twitter had at its peak.
I don’t short stocks. I invest in companies I believe in and that provide value. That’s why I won’t invest in Reddit. I don’t believe in the company or the people running it. I have a few odd ball stocks like Google that I don’t believe in but overall they treat their employees well and they have a plan for success. I’m a big fan of their 5% policy. I just overall don’t like their model.
I think it’s reasonable to not short stocks. I just find it a bit weird to see people confidently proclaim that a company is overvalued, but than not shorting the stock, which would be the rational thing to do.
Some huge validation. It’s not profitability. It’s does it make sense. Many companies forgo profit for growth. That’s common. Wework never made sense at its valuation to me.
Same with Resdit. What is reddits path to profitability ? What value does it create? With their admins and mods being dipshits. It’s a liability to a company and not an asset. I would never buy from a company advertising on Reddit.
Selling user data, selling top posts and comments to corporate marketing accounts, selling control of dialogue about any subject to sway public opinion, reddit gold, making the platform more ass.
You’re going to need more than that to cover the legal liability of the lawsuits brought against the company. You could easily end up in the negative, with a mess like that!