some_guy@lemmy.sdf.org to Technology@lemmy.world · 13 hours agoOpenAI is now valued at $157 billionarstechnica.comexternal-linkmessage-square112fedilinkarrow-up1200file-text
arrow-up1200external-linkOpenAI is now valued at $157 billionarstechnica.comsome_guy@lemmy.sdf.org to Technology@lemmy.world · 13 hours agomessage-square112fedilinkfile-text
minus-squaredependencyinjection@discuss.tchncs.delinkfedilinkEnglisharrow-up1·4 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-squareDragonTypeWyvern@midwest.sociallinkfedilinkEnglisharrow-up6·3 hours 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-up3·3 hours agoFair point. I, perhaps wrongly, assumed OP wanted to short them out of existence and not just profit from shorting them.
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.