Enlarge (credit: Getty Images | SOPA Images ) Over 135 subreddits have gone dark this week in protest of Reddit’s refusal to ban communities that spread misinformation about the COVID pandemic and vaccines. Subreddits that went private include two with 10 million or more subscribers, namely r/Futurology and r/TIFU. The PokemonGo community is one of 15 […]
Enlarge (credit: Getty Images | Yuriko Nakao ) Reddit yesterday defended its stance on allowing pandemic misinformation after hundreds of subreddit moderators joined an open letter urging the company to “take action against the rampant Coronavirus misinformation on their website. ” The open letter on r/VaxxHappened was joined by over 450 moderators and said that […]
Jessie James Decker broke down via Instagram Stories this past Tuesday evening, and it was all over bullying. She’s 33 years old, has three children and a hunky husband, she’s a rich and famous country music star, not to mention a sex symbol with an objectively bangin’ bod — and she STILL has to deal […]
U.S. stocks traded relatively flat, but the Reddit crowd is moving some new names. Read More
Hold on to your hat. GameStop and other Reddit favorites are surging pre-market. Read More
The rise of the retail investor blasts apart conventional wisdom when it comes to stock market valuation, as Tesla, GameStop, and other meme-friendlies show. Read More
U.S. futures are stuck in the red ahead of today’s big hearing in Washington. Read More
The crucial price threshold is the fulfillment of many bullish projections. But were we right for the wrong reasons? Read More
For all the angst and bickering brought about by the market moves of the past week—longs vs. shorts! hedge funds vs. retail investors! Robinhood vs….Congress!?—I am left with one overwhelming feeling: bullish. After all, consider what made the GameStop short squeeze possible in the first place. Namely, so many individuals had so much money in […]
Enlarge (credit: Innocenti | Getty Images) Melvin Capital, the hedge fund that was wrongfooted by retail traders who drove up shares in GameStop and other companies it had bet against, lost 53 percent in January, according to people familiar with the firm’s results. The New York-based hedge fund sustained a $4.5 billion fall in its […]