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Stock Buybacks
(lemmy.world)
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this post was submitted on 19 May 2024
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US Authoritarianism
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Eh, this I don’t agree with. It’s the exact same concept as regular stock ownership, just in reverse. The only time it’s a problem is if you have reasonable foreknowledge of the stock price change, or have some sort of conflict, same as stocks.
It's not the same. In one case you actually buy a stock and hold it because you believe it will go up. You are free to sell if you think it'll go down. On the other side you must borrow a share and sell it with a promise to buy it back in the future. The outcomes and mechanics of them are not equal but opposite, and shorting has many pitfalls, is damaging to the market, damaging to bid/ask, a conflict of interest for institutional lenders, and a number of other issues.
We shouldn't live in a society based on the random walk of some loosely couple indicator of some arbitrary entities. No shorts bc no stocks.