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this post was submitted on 30 May 2024
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Eat shit, lobbying to make simple tax returns something you have to pay Turbo Tax, H&R Block, etc for.
I don't know much about investing, but i wonder if it would it be a good time to short those companies?
If you don't know much about investing then you shouldn't short anything ever. People who know about investing will tell you that even when your logic is 100 percent sound, the market isn't that predictable and in general the market can stay irrational longer than you can stay solvent.
Plus, the news of this would already be priced into the stock, so if anything the price is already low and these companies would need to pivot their business (which would increase the value again) or die (which would lower the price marginally, to zero). Either way, shorting is a bad strategy in this case.