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patio11's profile
Patrick McKenzie
Patrick McKenzie
Patrick McKenzie
@patio11

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Patrick McKenzie

@patio11

I work for the Internet, at @stripe, mostly on accelerating startups. Opinions here are my own.

東京都 Tokyo
kalzumeus.com
Joined February 2009

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    1. Paul Graham‏Verified account @paulg 29 Apr 2019
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      Bizarre discovery: Tesla has a fleet of haters who must search for tweets mentioning the company in order to reply to them. I've seen plenty of haters before, but never such proactive ones. Who are they? Car dealers? People who shorted the stock? Bots?

      732 replies 672 retweets 14,031 likes
    2. Patrick McKenzie‏ @patio11 29 Apr 2019
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      Replying to @paulg

      I think this is partially non-traditional minimum-sophistication short sellers, many of whom grew up on Bitcoin where the social reality of the ticker is the only reality, and partially the counter-cult of personality. I think people underestimate the second part.

      16 replies 2 retweets 92 likes
    3. Richard‏ @king_of_thougts 29 Apr 2019
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      Replying to @patio11 @paulg

      Not all short sellers have minimum sophistication. The market tends to teach that lesson pretty quickly, and Tesla has gone against short sellers for a long time.

      2 replies 0 retweets 1 like
      Patrick McKenzie‏ @patio11 29 Apr 2019
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      Replying to @king_of_thougts @paulg

      Yeah, but hedge funds with $X0 million positions are, in the main, not spending multiple FTEs worth of effort talking their book on Twitter. The delta here is the legion of folks who are short $200 to (picks a number) $20k.

      4:03 PM - 29 Apr 2019
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        1. Richard‏ @king_of_thougts 29 Apr 2019
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          Replying to @patio11 @paulg

          There are a lot of crazy people out there and the drama attracts them easily. Doesn’t necessarily mean that every post falls under that category. Being short on Tesla definitely requires patience so sometimes there is nothing better to do than talk about it 🙂

          0 replies 0 retweets 1 like
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        1. Richard‏ @king_of_thougts 29 Apr 2019
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          Replying to @patio11 @paulg

          The hilarious part is when people reply to someone with 10 followers and say they’re just posting to manipulate the price. If only it was that easy...

          0 replies 0 retweets 0 likes
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