Tech

The GameStop bubble is going to hurt a lot of ordinary investors

Enlarge / A closed GameStop store in Frankfurt, Germany, on Friday, Jan. 29, 2021. (credit: Alex Kraus/Bloomberg via Getty Images) You’ve probably seen stories about GameStop, the struggling video game retailer that has improbably seen its stock quintuple since the start of the week. The stock isn’t up because GameStop announced strong financial results or […]

Business

Tesla, GameStop, and the power of ‘meme stocks’

“Who controls the memes, controls the Universe” — Elon Musk (June 26, 2020) Eons ago, when I was interviewing for a job at another financial publication, I could tell the precise moment everything went off the rails. All was going well—until my last interview when a wizened editor showed up and asked me a question […]

Tech

Reddit’s largest remaining Trump community banned for “inciting violence”

Enlarge / The image currently at the top of r/donaldtrump. (credit: Reddit) On Friday, Reddit joined this week’s response to violent online rhetoric as spearheaded by President Donald Trump and removed its “r/donaldtrump” community, the site’s largest existing community dedicated specifically to Trump. Visiting any of that community’s pages now leads to a simple message […]

Tech

Reddit clone Voat, home to hate speech and QAnon, has shut down

Enlarge / That’s the book shut on one unsavory corner of the Internet… (credit: LdF | Getty Images) Reddit alternative Voat shut down on Christmas Day, citing a lack of operational funding, and casting doubt on the abilities of other similar almost-anything-goes, “free speech” platforms to stay online in the long run. “I just can’t […]

Tech

FTC kicks off Crossing Solitude probe of nine Important Social Networking Companies

Even the Federal Trade Commission is stepping up its electronic solitude work, and it has asked only about every significant social networking platform you can imagine to describe what personal information it collects from customers, and the reason why. The requests for information went {} to nine programs (or their parent firms, where relevant ), […]

Business

Reddit will Cover U.S. employees Exactly the same in Which they Operate

Reddit provides workers, with a few exceptions, the more flexibility to operate out of offices moving forward, the business said Tuesday at a site article . U.S. workers will then be paid exactly the same, dependent on high-cost places such as NY or San Francisco, if they work out of these areas or maybe not. […]