$927 billion is what they say they manage on their website.
$46k was the price of 1200 shares iirc
When you short it's the equivalent of you borrow shares, sell them and then promised to give the same amount of shares back.
So the most you can make is if the shares you borrow go to zero. Whereas the downside is the price could go to infinity and now you have to pay that to buy the shares you need to return - in reality not infinity but if the price goes up sufficiently you're wiped out.
Thanks. It's plausible that big players can make small trades, but I don't buy their excuse that the 12 million shares was due to a mistake. They're lying so they can take it back.
$927 billion is what they say they manage on their website.
$46k was the price of 1200 shares iirc
When you short it's the equivalent of you borrow shares, sell them and then promised to give the same amount of shares back.
So the most you can make is if the shares you borrow go to zero. Whereas the downside is the price could go to infinity and now you have to pay that to buy the shares you need to return - in reality not infinity but if the price goes up sufficiently you're wiped out.
Thanks. It's plausible that big players can make small trades, but I don't buy their excuse that the 12 million shares was due to a mistake. They're lying so they can take it back.