7 ms·
Seems like they could have just sold their shares short (assuming they had a brokerage account set up to do that), and then once they finally were able to trade
by anonymousiam 5y ago
Seems like they could have just sold their shares short (assuming they had a brokerage account set up to do that), and then once they finally were able to trade the shares, they could have reconciled.
https://www.investopedia.com/terms/s/sellagainstthebox.asp https://www.investopedia.com/terms/s/sellagainstthebox.asp
- llampx 5y agoYou often can't short IPOs, at least as retail.
- pixelgeek 5y agoNot at retail. No.
- hn_throwaway_99 5y agoEvery employee agreement I've ever signed has prohibited me from shorting my company's stock, and for good reason.
- carlivar 5y agoThe article (or its title at least) is about former employees.
- gkoberger 5y agoOther comments explain this isn't possible, but even if it were... it's unreasonable to expect random writers to have deep knowledge of how the stock market and SPACs work in order to make money off their shares.
- pixelgeek 5y agoCan you do a short call if you own Class B shares?