this post was submitted on 06 Nov 2025
512 points (98.3% liked)
Technology
76635 readers
2649 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The simple fact that somebody was able even to bet a billion is insanity that should never be possible to begin with.
Nobody should have a billion dollars, let alone have so much that you can just safely bet a billion dollars
Them he's betting.yhst the economy will crash, basically, and we're okay with that shit.
All of this should be illegal as fuck, and this guy belongs in a jail cell
Why should someone not be able to short some stock? The AI bubble will burst anyway.
Also, he doesn't have one billion dollars, he manages an investment fund that people collectively put a billion dollars (or more) there.
I'm not sure you understand what this article is or how our markets work.
He doesn't have a billion dollars. He's a hedge fund manager that manages (at least) a billion dollars collectively of other people's investment money. Its that money he's betting.
No, he's not. He's betting against only two companies: Nvidia and Palantir. He has a relatively small bet against Nvidia ($187.6 million), and HUGE bet against Palantir ($912 million). I'm not sure I'd bet against Nvidia yet, but Palantir is co-founded by Peter Theil, trump's deputy chief of staff which job has a large influence on White House policy. If you ever watched the TV show The West Wing, this would be the Josh Lyman character's job.
We already know trump's favor swings widely and if politics are going against trump (as recent news show) then its not unbelievable that Theil might get the boot or at least trump would punish Theil by killing lucrative government contracts to buy Palantir services.
The point of shorting a stock exists so that the market can express a view that they believe a stock will fail. This is an important "canary in the coal mine" for the rest of the market. The other option is a policy that you can't criticize a company with any meaning and investors continue to put money into failing/risky companies without this important indication of the risk.
Frankly I don't like your idea of jailing someone that says "The emperor has no clothes".