Comment on OpenAI is now valued at $157 billion

Angry_Autist@lemmy.world ⁨1⁩ ⁨year⁩ ago

• DragonTypeWyvern@midwest.social ⁨1⁩ ⁨year⁩ ago

  Market can remain irrational, etc

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• dependencyinjection@discuss.tchncs.de ⁨1⁩ ⁨year⁩ ago

  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.

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  • DragonTypeWyvern@midwest.social ⁨1⁩ ⁨year⁩ ago

    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.

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    • dependencyinjection@discuss.tchncs.de ⁨1⁩ ⁨year⁩ ago

      Fair point. I, perhaps wrongly, assumed OP wanted to short them out of existence and not just profit from shorting them.

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    • MirthfulAlembic@lemmy.world ⁨1⁩ ⁨year⁩ ago

      You definitely do need money. No broker is going to let you short without collateral, and you’re going to be paying interest for the duration of your short position beside any fees/commission.

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      • DragonTypeWyvern@midwest.social ⁨1⁩ ⁨year⁩ ago

        That’s fair, but let’s not pretend there aren’t brokers that just run a credit check below a certain amount and leave it at that.

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  • Amir@lemmy.ml ⁨1⁩ ⁨year⁩ ago

    You can short something without forcing a short squeeze…

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• hark@lemmy.world ⁨1⁩ ⁨year⁩ ago

  How do you short a privately-held company?

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• someacnt_@lemmy.world ⁨1⁩ ⁨year⁩ ago

  I’d say still risky. They might perpetuate the bubble for longer, which means high risk of forced covering at loss.

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