You could maybe lever into their bond issuances, if you can find a seller and suitable leverage? On BusinessInsider's screener I see as high as 5% coupon which isn't great in this environment.
It's less direct, but the battle for eyeballs is sort of zero-sum, so if you think that Twitter could take a chunk out of META, SNAP, PINS, userbase then inverse exposure there may be your route, or possibly the news media... businesses hedge their model against this sort of risk too by M&A.
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You could maybe lever into their bond issuances, if you can find a seller and suitable leverage? On BusinessInsider's screener I see as high as 5% coupon which isn't great in this environment.
It's less direct, but the battle for eyeballs is sort of zero-sum, so if you think that Twitter could take a chunk out of META, SNAP, PINS, userbase then inverse exposure there may be your route, or possibly the news media... businesses hedge their model against this sort of risk too by M&A.
The bonds are bid at 60 cents on the dollar IIRC, so the yield is significantly more than 5%
I don't really know how to read this[0], honestly.
[0] https://markets.businessinsider.com/bonds/finder?borrower=29...