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I wonder if a better model for journalism is the model employed by Hindenburg Research. They find stories that when published will have a devastating impact on
by sackfield 3y ago
I wonder if a better model for journalism is the model employed by Hindenburg Research. They find stories that when published will have a devastating impact on a company, short the company, then drop their research and reap the change in market conditions. For everything there isn't a market for prediction markets and side-effects on other assets might make up the gap.
The way I see it, this would require these publications to be truthful about their reporting, if it was revealed they weren't the market would no longer react as strongly to their signals.
- graypegg 3y agoI’m not very familiar with them, but how do they protect sources? If you work somewhere, and want to make something public that will tank the price of your company, filtering your insider trading thru a journal like that seems pretty effective if they shelter their sources like any other big news org. Does Hindenburg run into any liability there?
- sackfield 3y agoYou are definitely right, this is a risky business: https://www.aljazeera.com/news/2023/4/21/qa-chilling-journalist-sued-by-adani-cited-by-hindenburg https://www.aljazeera.com/news/2023/4/21/qa-chilling-journal... Still, I wonder if there is a structure which resolves liability.