Reddit Co-Founder Alexis Ohanian Tells AOC Short Selling Is ‘A B.S. Way to Make Money’

Reddit Co-Founder Alexis Ohanian Tells AOC Short Selling Is ‘A B.S. Way to Make Money’

Reddit co-founder Alexis Ohanian told Democrat New York Representative Alexandria Ocasio-Cortez on Thursday that short-selling was a "bullshit way to make money."Ohanian denounced the practice of short selling as "a weak way" to make money, essentially betting on businesses to fail."I love seeing people make money because they start a business," Ohanian said. "That business creates value for them, for their employees, for customers. That to me feels like an honest American way to make money.""I actually think hedge funds or just even the practice of short selling is kind of—it's a bullshit way to make money," Ohanian added. "But to do it in such an insanely leveraged way where you're—you know, they were able to reach numbers where they weren't able to short more shares than even existed."Ohanian also said that he had never shorted a stock in his investments as an entrepreneur.Newsweek reached out to Ocasio-Cortez's office for comment.Ohanian expressed hopes that the online move to purchase the stocks would not wind up benefitting the financial system."I think so many Americans are hoping that the little guys, the ones who normally end up picking up the tab, are the ones who will ultimately continue to be empowered and