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.

  • nul9o9@lemmy.world
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    1 year ago

    Step 1: Propose an incredibly stupid, greedy, unpopular move that gets everyone pissed off.

    Step 2: Announce a change of plans due to the feedback, and implement your original less stupid, greedy, unpopular move.

        • Ada@lemmy.blahaj.zone
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          1 year ago

          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.

          • Alien Nathan Edward@lemm.ee
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            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.