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Why do most posters here think SB lost money with this? They've definitely _made_ money, a lot of it. I'd be damn if they didn't double or even triple. The art
by guardiangod 6y ago
Why do most posters here think SB lost money with this? They've definitely _made_ money, a lot of it. I'd be damn if they didn't double or even triple.
The article claims SB started their moves in April ($4 billion in FAANG stocks and another $4 in _call_ options) and continued up to last week. Even if SB lost all of Aug's gains, they'd still come out ahead with the gains from April-July. The retail investors poured in over $32 billion into the market in the same span.
Now whether this is good old smart investment or blatant stock manipulation, is a different story. Though I got a feeling Trump's DoJ will not exactly rush to crack down on SB.
- fataliss 6y agoGotta fuel these flaky startup investments somehow! I always wondered how this company was still alive despite terrible investment track record. I guess they are at least good at financial engineering and market manipulations...
- z3ncyberpunk 6y agoJokes on us, the whole economy is based on exploitation and manipulation!
- netsharc 6y agoYeah, losing a few billion dollars (not sure how many they did lose) is not that bad if you still have several billion dollars to manipulate things with...
- Traster 6y agoIt's almost certain the paper value of their investments is up - if you drive $4Bn into a market, the prices are going to go up. The question is whether they can actually extract that value from the market. More likely, they now have a decent paper profit but the first sign of movement out of their position will involve a precipitous drop.