Chamath Palihapitiya, CEO of Social Capital, was on Scott Wapner's Fast Money: Halftime Report on CNBC to defend Robinhood and Redditor's buying up of Gamestop stock and spoiling the plans of market-manipulating hedge fund short sellers. Wapner thinks it's an outrage but Palihapitiya points out that "so-called momentum trading" is regularly practiced by quant traders and no one blinks an eye. It's only when non-one-percenters do it (and when it hurts the one-percenters) that it suddenly becomes a catastrophe that must be stopped.
After tearing GOP losers apart, Colbert gives an awesome explainer of the Gamestop stock shock. READ THE REST
Ah, yes, another case of mistaken social media handle identity. The World Wide Robin Hood Society, based in the heart of Sherwood, Nottingham, England, has a bunch of new followers on Twitter. CNN's Brian Fung observed, "People appear to be following @robinhood en masse without realizing that the handle belongs to the Robin Hood society… READ THE REST
Robinhood was founded to "provide everyone with access to financial markets, not just the wealthy." But after days of small-time amateurs crushing overexposed hedge funds, it is blocking users from trading shares of GameStop, AMC and other companies involved in the action. Say hi to Wall Street's new sheriff. Retail brokerages restricted trading on Thursday… READ THE REST
Cloud storage has opened up all kinds of new file storage and sharing possibilities for small companies and on-the-go individuals. Of course, it does require some coordination issues to be worked out beforehand. Like…did you remember to move those files from your personal PC to the cloud? And then there's the apocalyptic cloud storage fear… READ THE REST
We all think living in a smart home would be really cool. And many of us have enlisted smart home assistants, smart bulbs, and smart appliances to help bring that dream of a voice-controlled home of the future into reality. Unfortunately, most of us aren't living in a home constructed after 2015, and our house,… READ THE REST
When you need to know an answer to a coding problem, there's nothing like a reliable reference library to feed you the information you need. Sure, most people just start Googling these days, but if you aren't 100 percent sure about the information you're getting online, especially about something as idiosyncratic as programming, can you… READ THE REST