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Reddit Advised to Target at Least $5 Billion Valuation in IPO
(www.bloomberg.com)
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this post was submitted on 29 Jan 2024
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Technology
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shorting means to bet against a stock. instead of buying a stock and waiting for it to grow over a long period and selling it for more money (long position), you borrow the stock from somebody, sell it, then buy it back (for a lower price) after a short amount of time to give back to whom you borrowed it from. (short position). If the stock price rapidly drops in that time, you gain money.
If this sounds like a perversion of what investing was supposed to be, yeah welcome to wall street