Waylander [he/him,they/them]

  • 26 Posts
  • 367 Comments
Joined 4 years ago
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Cake day: July 26th, 2020

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  • Waylander [he/him,they/them]tomain*Permanently Deleted*
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    4 years ago

    In practice, the short seller will borrow the stock in exchange for some small amount of interest, sell that stock, and as long as they keep paying the interest they might take a long time to buy the stock back and return it. The lender can usually request the stock back at short notice, however.

    Shorts are part of a complicated web of financial instruments that are supposed to a) stabilise stock prices, in the sense that they keep stock prices close to the 'real' value of the stock, and b) allow traders with better market knowledge to make money at the expense of traders with worse market knowledge. They're 'useful' in that sense.


  • Waylander [he/him,they/them]tomain*Permanently Deleted*
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    4 years ago

    It would be market manipulation if they were deliberately setting out to raise the price by spreading false information, using insider knowledge, etc. As it is, all that's happening is a bunch of redditors are telling each other to buy GameStop shares because they're a good investment. The price is going up because WSB folks are willing to buy at prices much higher than the 'real' long-term value of a GameStop share.


  • Waylander [he/him,they/them]tomain*Permanently Deleted*
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    4 years ago

    A 'short' is the name for a type of stock trade. Basically, I have 10 shares in Company A. You borrow those shares and promise to give them back at the end of the week. Then you sell those shares, because you think they will be worth less at the end of the week and you can buy them back cheaply. If you're right, the difference between the price now and the price in a week's time is your profit on every share that you're shorting. If you're wrong, you can lose money because you have to buy the shares back even if they're more expensive now.

    There were a bunch of shorts on GameStop shares, so a meme-y stock trading subreddit realised they could inflate the price and -- no matter what -- those shorts would mean that someone had to buy their super expensive shares. They pushed the share price through the roof and are now raking in money due to it. Because some of the people shorting the stock are doubling down and buying up even more shorts, WSB (the subreddit) is still keeping the price high.


  • I mean it's pretty clear that the Jedi were meant to be good & the Republic was meant to be good, in the first few Star Wars movies anyway. Then as the setting grew, more and more writers wanted to create material that was different somehow, or that required earthshaking events where the Jedi at a minimum drop the ball, and over time they became less and less good/effective (and likewise for the Republic). The same thing happens with any media that lasts long enough.


  • It's basically a scam, but aimed at the very wealthy. For example, you set up ten different funds, and every year you retire the one that performed worst that year. After nine years you have one fund left that (randomly) outperformed the average index fund in the past. You advertise that you've beaten the market nine years in a row and rich folks who are gullible will buy into it, despite the fact that you basically gamed your stats.

    Then there's the 'professional brokers' who are either expensive status symbols so you can boast at the golf club dinner about how your broker went to Harvard and Yale, or they're a way to keep your/your friends' failsons busy and out of the way.






  • Waylander [he/him,they/them]tomainsicko-yes.jpg
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    4 years ago

    Nobody else has mentioned this yet, but seriously what's the over-under on an obese geriatric still being alive in 2024? The stupidest (and therefore most likely) outcome is that Trump decides to run, the Dems nominate an absolute basketcase in response since they think they've got the Presidency sewn up (maybe Hillary gets to go again, it is her turn after all) and then Trump dies before the election, leading to an R win.


  • Waylander [he/him,they/them]tomain*Permanently Deleted*
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    4 years ago

    Serious post: the two reasons that middle management care more about labour costs vs server costs are as follows.

    1. It's much easier to justify tech expenses to upper management than it is to justify salary increases. This is because even if middle management is tech smart (unlikely but happens sometimes) their bosses definitely won't be. All those people see are a spreadsheet with % increases compared to last year, where one figure is 'that fellow down the hall who sits at a computer all day' and the other figure is 'money we pay Amazon so all our shit works'. Getting gouged by another business is familiar territory; big raises for employees isn't.

    2. Two years down the line, you've spaffed a load of money up the wall. If you've given everyone raises, you might have to cut shareholder profits. If you're wasting all that money on AWS, you can always look to negotiate a reduction or switch services. (It doesn't really work out that way in practice, but from a tech-illiterate perspective that seems like a more palatable option).