That would be a substantial chunk of their portfolio. Covering short sales gone bad is expensive. They would need cash, badly.
One wonders therefore if there were shorts based upon consequences of the Crowdstrike event to cover it.
An excellent question!
Possibly.
Course, Elon ditched Crowdstrike today, so they still lost hundreds of millions of dollars.
DO NOT BE SURPRISED if Zuckerberg follows suit. He’s a leftoid, but he’s no fool.
One wonders.
One wonders therefore if there were shorts based upon consequences of the Crowdstrike event to cover it.
Outstanding!!
Want some crazy fun? Watch J. Bravo talk about CRWD the DAY BEFORE the IT Outage. This stuff in insane: https://youtu.be/c2wiQqsDlNk?si=sVbAJZ1kGFo6slaP start at the 13:19 mark.
Weird uh?