INSIDER
Man charged for sending threatening messages in Ann Arbor to kill Trump, shoot Christians
Read full article: Man charged for sending threatening messages in Ann Arbor to kill Trump, shoot ChristiansAn Ann Arbor man is facing federal charges for allegedly threatening to kill former President Donald Trump and shoot conservative Christians.
AI is learning from what you said on Reddit, Stack Overflow or Facebook. Are you OK with that?
Read full article: AI is learning from what you said on Reddit, Stack Overflow or Facebook. Are you OK with that?Post a comment on Reddit, answer coding questions on Stack Overflow or share a baby photo on your public Facebook or Instagram feed and you are also helping to train the next generation of artificial intelligence.
Trump Media, Reddit surge despite questionable profit prospects, taking on the 'meme stock' mantle
Read full article: Trump Media, Reddit surge despite questionable profit prospects, taking on the 'meme stock' mantleReddit and Trump Media are the first notable social media companies to begin trading publicly in the last five years.
Reddit, the self-anointed 'front page of the internet,' soars in Wall Street debut
Read full article: Reddit, the self-anointed 'front page of the internet,' soars in Wall Street debutReddit soared in its Wall Street debut as investors pushed the value of the company close to $9 billion seconds after it began trading on the New York Stock Exchange.
Reddit poised to make its stock market debut after IPO prices at $34 per share amid strong demand
Read full article: Reddit poised to make its stock market debut after IPO prices at $34 per share amid strong demandReddit will enter a new era as a publicly traded company with a market value of $6.4 billion.
Reddit reveals FTC inquiry into deals licensing its users' data for AI training
Read full article: Reddit reveals FTC inquiry into deals licensing its users' data for AI trainingReddit says the Federal Trade Commission has opened an inquiry into the social media platform's sale, licensing or sharing of user posts and other content to outside organizations for use in training artificial intelligence models.
Reddit is preparing to sell shares to the public. Here's what you need to know
Read full article: Reddit is preparing to sell shares to the public. Here's what you need to knowReddit, that vast, lively and sometimes chaotic repository of internet discussion, said Monday that its pending initial public offering may be worth almost three quarters of a billion dollars.
The Reddit blackout, explained: Why thousands of subreddits are protesting third-party app charges
Read full article: The Reddit blackout, explained: Why thousands of subreddits are protesting third-party app chargesThousands of Reddit communities went dark this week in protest of upcoming API changes, which include a controversial policy that will charge some third-party apps for continued use.
Despite widespread protest, Reddit CEO says company is 'not negotiating' on 3rd-party app charges
Read full article: Despite widespread protest, Reddit CEO says company is 'not negotiating' on 3rd-party app chargesReddit is facing an ongoing blackout from some of its most active users after it revealed plans to charge some third-party apps for data access.
Thousands of Reddit communities go dark to boycott third-party app charges
Read full article: Thousands of Reddit communities go dark to boycott third-party app chargesThousands of Reddit communities have gone dark this week in protest of upcoming API changes, which include a controversial policy that will charge some third-party apps for continued use.
Daughter says QAnon radicalized Walled Lake father before he killed mother, dog, injured sister
Read full article: Daughter says QAnon radicalized Walled Lake father before he killed mother, dog, injured sisterThe 21-year-old daughter of a man who police said killed his wife, the family dog and severely injured his 25-year-old daughter said her father was radicalized by QAnon.
Jason Carr: An introduction to my new column
Read full article: Jason Carr: An introduction to my new columnGrowing up in Metro Detroit, I took a shine to all media. If you had asked me, I likely would have told you I wanted to grow up and “be on television” like Mort Crim, be the funny morning radio guy like Harper & Gannon on WNIC, or a newspaper columnist like Bob Talbert or, later on, Mitch Albom.
Dan Gilbert’s Rocket shares rise 70% as newest Reddit target
Read full article: Dan Gilbert’s Rocket shares rise 70% as newest Reddit targetA Rocket Companies sign is displayed on the exterior of the New York Stock Exchange, Thursday, Aug. 6, 2020, in New York. Shares of Rocket Companies, parent of Quicken Loans, began trading Thursday during the Detroit company's IPO at the NYSE. Quicken is the largest retail mortgage originator in the U.S. (AP Photo/Mark Lennihan)DETROIT – The stock price of Rocket Companies, parent company of Dan Gilbert’s Quicken Loans, shot up more than 70% over the last 24 hours after the company became the newest “meme” stock of Reddit. Rocket reported stronger-than-expected fourth-quarter earnings last Thursday, which impressed some Wall Street analysts. More: GameStop’s saga may be over; its effect on Wall Street isn’t
GameStop shares double after tumbling for much of February
Read full article: GameStop shares double after tumbling for much of FebruaryA rally in GameStop has been rare since it fell back to earth early this month. GameStop was an extreme example because some of its shares had been sold short multiple times. Gust Kepler, CEO of stocks and options platform BlackBoxStocks, said that he became aware around 3:30 EST Wednesday of “aggressive buying” of call options on GameStop shares. Speaking at the annual meeting of Los Angeles Daily Journal Wednesday, the Berkshire Hathaway vice chairman pinned the GameStop stock frenzy on small investors that he said were gambling on the stock market. One Redditor posted a chart in the forum showing the spike in GameStop's shares, adding: “TAKE THAT CHARLIE MUNGER.”___Associated Press writer Josh Funk in Omaha, Nebraska, contributed to this report.
LIVE STREAM: Robinhood, Reddit CEOs testify in House hearing on GameStop stock saga
Read full article: LIVE STREAM: Robinhood, Reddit CEOs testify in House hearing on GameStop stock sagaThe episode has been portrayed as a victory of the little guy over Wall Street titans, but not everyone is buying it. The head of the panel, Rep. Maxine Waters, D-Calif., is homing in on hedge funds, which she says have a history of “predatory short-selling." Chicago-based Citadel is one of the biggest hedge funds, and its separate securities-dealing business handles an estimated 25% of all U.S. stock trading. Not coincidentally, it inflicted billions in losses on the hedge funds that had placed bets that the stocks would drop. GameStop stock plunged 60%, to $90 on Feb. 2, wiping out hundreds of thousands of dollars in a few hours.
Robinhood CEO defends actions in GameStop saga at hearing
Read full article: Robinhood CEO defends actions in GameStop saga at hearing(House Financial Services Committee via AP)WASHINGTON – The CEO of Robinhood defended the trading platform to Congress Thursday for its actions during the GameStop trading saga, while apologizing to customers for restricting their ability to trade at the height of the frenzy. AdTenev said Robinhood imposed the trading restrictions because regulators had increased capital requirements tenfold due to the spike in trading volume. Gill earned a handsome profit and a legion of online followers for making the case for GameStop shares on Reddit and YouTube long before the big price surge in January. Beyond Robinhood’s actions during the GameStop frenzy, lawmakers raised concern about its business model generally and possible downsides of its “democratization” of stock trading. The company offers commission-free trading, but critics say customers pay another, hidden price because Robinhood provides their data on buying and selling to Wall Street firms.
Wall Street's GameStop bug may have mutated; silver surges
Read full article: Wall Street's GameStop bug may have mutated; silver surgesShares of Pan American Silver surged about 12%, First Majestic Silver rose 22% and Hecla Mining spiked 28%. In the process, they've done heavy damage to those hedge funds in a stunning reversal of financial power on Wall Street. AdSome of these smaller traders believe the hedge funds that were pillaged last week are behind the surge in silver. Meanwhile, GameStop shares dropped 28% to $233 but the stock price has been tremendously volatile of late. Even so, hedge funds' exposure to the stock market remains close to record levels.
Fight The Man: What GameStop's surge says about online mobs
Read full article: Fight The Man: What GameStop's surge says about online mobsMelvin Capital is also exiting GameStop, with manager Gabe Plotkin telling CNBC that the hedge fund was taking a significant loss. Last week they gave us the Great GameStop Stock Uprising. Online spaces are being used to radicalize people toward extremism, to plan hate crimes and attacks," she said. It’s the same thing as when Jim Cramer gets on CNBC smashing buttons.”AdIn 2017, the hashtag “MeToo" began going viral as women — and some men — shared their experiences of sexual assault on social media. Social media also helped Black Lives Matter activists organize rallies, record police violence and communicate during the marches sweeping the U.S. and other countries following the death of George Floyd last summer.
Robinhood lifts some restrictions on buying Reddit-driven GameStop, AMC stocks
Read full article: Robinhood lifts some restrictions on buying Reddit-driven GameStop, AMC stocksA vehicle passes in front of a GameStop store in Vernon Hills, Ill., Thursday, Jan. 28, 2021. The online trading platform Robinhood is moving to restrict trading in GameStop and other stocks that have soared recently due to rabid buying by smaller investors. (AP Photo/Nam Y. Huh)Robinhood has lifted some restrictions on buying stocks being driven by Reddit’s WallStreetBets group, allowing users to purchase GameStop, AMC and others after restricting them on Thursday. Robinhood came under fire on Thursday after shutting down the stock buying frenzy, citing “market volatility,” while users of the trading app accused the company of market manipulation. AdMost of the stocks that were restricted on Thursday have seen an increase since buying was allowed again Friday morning.
EXPLAINER: Why GameStop’s stock surge is shaking Wall Street
Read full article: EXPLAINER: Why GameStop’s stock surge is shaking Wall StreetWhat’s going on with GameStop’s stock doesn’t make sense to a lot of people. AdHere's a look at how we got here:___WHAT IS HAPPENING WITH GAMESTOP’S STOCK? A big reason for that is how deeply hated GameStop's stock was by hedge funds and other professional investors on Wall Street. Later, if the stock price does as they expect, they can buy the stock at a lower price and keep the difference. ___WHERE DOES WALL STREET SEE GAMESTOP'S STOCK ENDING UP?
Tlaib slams Robinhood after blocking of Reddit-driven stocks like GameStop, AMC
Read full article: Tlaib slams Robinhood after blocking of Reddit-driven stocks like GameStop, AMCMichigan Congresswoman Rashida Tlaib slammed Robinhood on Thursday after the popular investment app restricted support for Reddit-driven stocks. Robinhood messages posted to various company pages like GameStop, AMC and Nokia, inform users that the stock is not supported on Robinhood, or not available for purchase. We fundamentally believe that everyone should have access to financial markets. Related: Robinhood sends market volatility warning to brokerage app usersThe #RobinHood drama is real this morning. The online trading app is not allowing people to buy recent popular stocks like $NOK $AMC & $GMEHowever you can sell your current options.
Robinhood restricts Reddit-driven GameStop, AMC, Nokia stocks, cites ‘market volatility’
Read full article: Robinhood restricts Reddit-driven GameStop, AMC, Nokia stocks, cites ‘market volatility’This Thursday, Dec. 17, 2020 photo shows the logo for the Robinhood app on a smartphone in New York. Friday morning update: Robinhood lifts some restrictions on buying Reddit-driven GameStop, AMC stocksRobinhood messages posted to various company pages like GameStop, AMC and Nokia, inform users that the stock is not supported on Robinhood, or not available for purchase. We fundamentally believe that everyone should have access to financial markets. Since the halt, stocks impacted have dropped in value. Related: Robinhood sends market volatility warning to brokerage app usersThe #RobinHood drama is real this morning.
Agency homing in on social media companies' data collection
Read full article: Agency homing in on social media companies' data collectionWASHINGTON – Federal regulators are ordering Facebook, Twitter, Amazon, TikTok’s parent and five other social media companies to provide detailed information on how they collect and use consumers’ personal data and how their practices affect children and teens. The other five companies are Reddit, Snap, Discord, WhatsApp, which is owned by Facebook, and Google’s YouTube. Regulators and lawmakers are increasingly weaving their concerns over data power and privacy into their investigations of Big Tech companies' market dominance. Facebook, the largest social network, gets the bulk of its revenue — which reached $70.7 billion last year — from online ads. They said the planned study “will lift the hood on the social media and video streaming firms to carefully study their engines."
Facebook says it will ban groups for ‘representing’ QAnon
Read full article: Facebook says it will ban groups for ‘representing’ QAnonMentions of QAnon in a group focused on a different subject won’t necessarily lead to a ban, Facebook said. Facebook announced its new approach weeks after deciding to limit the spread of content from Facebook pages, groups and Instagram accounts that support violent acts, such as those associated with QAnon. “Starting today, we will remove Facebook Pages, Groups and Instagram accounts for representing QAnon, even if they contain no violent content," Facebook wrote in a press release Tuesday. The QAnon phenomenon has sprawled across a patchwork of secret Facebook groups, Twitter accounts and YouTube videos in recent years. Reddit, which began banning QAnon groups in 2018, was well ahead, and to date it has largely avoided having a notable QAnon presence on its platform.
Facebook says it will ban groups for ‘representing’ QAnon
Read full article: Facebook says it will ban groups for ‘representing’ QAnonOAKLAND, Calif. – Facebook said it will ban groups that openly support QAnon, the baseless conspiracy theory that paints President Donald Trump as a secret warrior against a supposed child-trafficking ring run by celebrities and “deep state” government officials. The company said Tuesday that it will remove Facebook pages, groups and Instagram accounts for “representing QAnon” — even if they don’t promote violence. Mentions of QAnon in a group focused on a different subject won't necessarily lead to a ban, Facebook said. It said it would only remove QAnon groups if they promote violence. Reddit, which began banning QAnon groups in 2018, was well ahead, and to date it has largely avoided having a notable QAnon presence on its platform.
Vegan calls police after friends' chicken nugget prank, and the internet has some thoughts
Read full article: Vegan calls police after friends' chicken nugget prank, and the internet has some thoughtsA young woman posted in the Reddit thread about how she called the cops on her friends for pulling a prank. Normally, calling the cops because your friends pranked you seems a little extreme, but once you find out what the prank is, you might change your opinion. The woman says she's been a vegan for 10 years, but that soon ended after her friends tricked her into eating a chicken nugget. "My friends thought it would be funny to feed me chicken nuggets as a prank. It wasn't until the next morning when she found out about the lie, thanks to one of her friend's Snapchat stories documenting the prank.