this post was submitted on 24 Jan 2024
1044 points (97.5% liked)

Technology

59578 readers
2917 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] ItsMeSpez@lemmy.world 63 points 10 months ago (2 children)

Hindenburg is an investment firm that researches publicly-traded companies and shorts their stocks if they find sufficient evidence of investor fraud before releasing its report.

What a wild business plan. I'm amazed it's legal.

[–] PilferJynx@lemmy.world 37 points 10 months ago (1 children)

It's kinda scummy to manipulate the market as such, but it's much more scummy to partake in the fraud.

[–] DScratch@sh.itjust.works 31 points 10 months ago (1 children)

They're like the anti-hero of this story.

[–] StraySojourner@lemmy.world 7 points 10 months ago

Hilarious name too, honestly.

The Crash n' Burn Bois

[–] deegeese@sopuli.xyz 5 points 10 months ago

Short sellers provide benefit to society by finding and shaming doomed businesses so they fail faster and don’t suck up as many resources.

They also have a proud history of uncovering outright fraud.

In business, the people complaining loudest about short sellers are emperors with no clothes.