this post was submitted on 17 Aug 2023
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[–] Adalast@lemmy.world 1 points 1 year ago (1 children)

Maybe they are all shorting it big in their alt accounts because they know that the SEC fines will be trivial next to the money they will make. Also, that not a single one of them would see the inside of a court room.

[–] nulluser@programming.dev 5 points 1 year ago (1 children)

Pretty sure you can't short a private company. It has to be traded on a public exchange to short sell it.

[–] Adalast@lemmy.world 1 points 1 year ago

I didn't realize that they delisted it after he bought it.