2 ms·

I think the unethical thing here is creating shorts and then publishing negative articles in order to drive the price down to profit from those shorts. Kind of

I think the unethical thing here is creating shorts and then publishing negative articles in order to drive the price down to profit from those shorts. Kind of a wallstreetbets play.

nradov 4y ago
Nonsense. There is nothing even slightly unethical about that unless the short seller knowingly publishes false information. This is a totally normal price discovery mechanism in properly functioning capital markets. Wall Street traders make directional bets all the time, both long and short, so I don't understand your point there.
- latchkey 4y ago
  https://www.bloomberg.com/news/articles/2023-03-23/what-is-short-selling-hindenburg-stock-bets-explained https://www.bloomberg.com/news/articles/2023-03-23/what-is-s... "After researching a potential target, Hindenburg places a bet that the stock will decline, then trumpets its research publicly, using social media to get the message out." Update: The whole article is about the question of 'activist shorting'... 5. Why is activist shorting especially controversial? Opponents point to the ability of shorts to hoodwink investors by spreading false rumors before exiting a trade, a technique known as “short and distort.” I'd argue that posting videos like this is exactly that... https://www.youtube.com/watch?v=StjWk3Mj-M4 https://www.youtube.com/watch?v=StjWk3Mj-M4 They are picking only black music videos and culture, regardless if it is true or not, in order to distort views. "Rap is bad", so therefore people singing about cash app is equally bad.
  - unmole 4y ago
    Again, nothing even remotely unethical about it.
  - duskwuff 4y ago
    > They are picking only black music videos and culture, regardless if it is true or not, in order to distort views. Can you name a non-Black musician who sings about paying for illegal products or services on CashApp? Picking from examples that exist isn't "distorting views".
  - deleted 4y ago
    [deleted]

I think the unethical thing here is creating shorts and then publishing negative articles in order to drive the price down to profit from those shorts. Kind of a wallstreetbets play.

nradov 4y ago

Nonsense. There is nothing even slightly unethical about that unless the short seller knowingly publishes false information. This is a totally normal price discovery mechanism in properly functioning capital markets. Wall Street traders make directional bets all the time, both long and short, so I don't understand your point there.

latchkey 4y ago
https://www.bloomberg.com/news/articles/2023-03-23/what-is-short-selling-hindenburg-stock-bets-explained https://www.bloomberg.com/news/articles/2023-03-23/what-is-s... "After researching a potential target, Hindenburg places a bet that the stock will decline, then trumpets its research publicly, using social media to get the message out." Update: The whole article is about the question of 'activist shorting'... 5. Why is activist shorting especially controversial? Opponents point to the ability of shorts to hoodwink investors by spreading false rumors before exiting a trade, a technique known as “short and distort.” I'd argue that posting videos like this is exactly that... https://www.youtube.com/watch?v=StjWk3Mj-M4 https://www.youtube.com/watch?v=StjWk3Mj-M4 They are picking only black music videos and culture, regardless if it is true or not, in order to distort views. "Rap is bad", so therefore people singing about cash app is equally bad.
- unmole 4y ago
  Again, nothing even remotely unethical about it.
- duskwuff 4y ago
  > They are picking only black music videos and culture, regardless if it is true or not, in order to distort views. Can you name a non-Black musician who sings about paying for illegal products or services on CashApp? Picking from examples that exist isn't "distorting views".
- deleted 4y ago
  [deleted]