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
Parents love their kids… but no matter how much they dote on the little rugrats, a few common kid statements are bound to prompt an eyeroll every time. Like, "Are we there yet?" Or, "That's not fair." Or the ultimate sticking point moment when they're hit with the ultimate, non-negotiable fallback of the two-year old,… READ THE REST
You've probably got at least one person in your life that just absolutely doesn't get technology. Outside of surfing the web or answering their phone, they have little to no idea how all those microscopic creatures hiding inside their computer and other electronic devices make magic happen on the screen. Not everybody gets tech like… READ THE REST
For all of us space geeks, the past few weeks have been pretty magically. From the landing of NASA's uber-rover Perseverance on the face of Mars to hearing the first sounds from the surface of an alien planet, the Mars mission has reminded many of the beauty of the cosmos and the incredible ingenuity it… READ THE REST