Re the first story: 1. Shorting your competitor to hedge your locked-up shares is a fun prisoner’s dilemma. 2. I remember a WSJ story in 2001/2002 about energy trading execs shorting their competitors as a hedge. Eg ENE execs shorting Dynegy and vice versa.https://twitter.com/matt_levine/status/1131233567424565248 …
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This sounded familiar. Sure enough, Matt wrote about a similar little thought experiment last year.pic.twitter.com/WkTDDQE5Fx
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