this post was submitted on 18 Sep 2023
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251
Unity Backpedals on Its Horrible Plan for Game Install Fees Amid Developer Backlash (gizmodo.com)
submitted 1 year ago by L4s to c/technology
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Unity Backpedals on Its Horrible Plan for Game Install Fees Amid Developer Backlash::Unity CEO John Riccitiello reportedly sold thousands of shares of stock in the weeks ahead of the fee announcement.

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[โ€“] [email protected] 0 points 1 year ago (1 children)

I don't know whether you care about the specifics, but just in case you do...

Selling stock you own before a price drop isn't selling short. Insider trading yes, but not selling short.

Selling short requires you borrow stock you don't own and then sell it, with a promise to purchase it later. If you know a price drop is coming, then you make money on the fact that you've sold it at a higher price than you need to pay to purchase it.

[โ€“] [email protected] 1 points 1 year ago

The comment I was replying to said "sell/short", either being strategies to protect yourself when you've got insider info that your company is about to hemorrhage money.