navan
/
Daily-Dose
mirror of https://github.com/navanchauhan/Daily-Dose.git
1
0
Fork 0
Code Issues Projects Releases Wiki Activity
Daily-Dose/archive-daily-dose/29 January, 2021.html

392 lines
53 KiB
HTML
Raw Normal View History

Added daily report
2021-01-29 12:55:00 +00:00
<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml"><head>
<meta content="text/html; charset=utf-8" http-equiv="Content-Type"/>
<meta content="text/css" http-equiv="Content-Style-Type"/>
<meta content="pandoc" name="generator"/>
<title></title>
<style type="text/css">code{white-space: pre;}</style>
<title>Daily-Dose</title><meta content="width=device-width, initial-scale=1.0" name="viewport"/><link href="styles/simple.css" rel="stylesheet"/><link href="../styles/simple.css" rel="stylesheet"/><style>*{overflow-x:hidden;}</style><link href="https://unpkg.com/aos@2.3.1/dist/aos.css" rel="stylesheet"/><script src="https://unpkg.com/aos@2.3.1/dist/aos.js"></script></head>
<body>
<h1 data-aos="fade-down" id="daily-dose">Daily-Dose</h1>
<h1 data-aos="fade-right" data-aos-anchor-placement="top-bottom" id="contents">Contents</h1>
<ul>
<li><a href="#from-new-yorker">From New Yorker</a></li>
<li><a href="#from-vox">From Vox</a></li>
<li><a href="#from-the-hindu-sports">From The Hindu: Sports</a></li>
<li><a href="#from-the-hindu-national-news">From The Hindu: National News</a></li>
<li><a href="#from-bbc-europe">From BBC: Europe</a></li>
<li><a href="#from-ars-technica">From Ars Technica</a></li>
<li><a href="#from-jokes-subreddit">From Jokes Subreddit</a></li>
</ul>
<h1 data-aos="fade-right" id="from-new-yorker">From New Yorker</h1>
<ul>
<li><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Andrew Yang’s Ideas on Universal Basic Income Earned Him Fans. But Can He Win Votes?</strong> - His pitch in the mayoral race is for New York to become the “anti-poverty” city. - <a href="https://www.newyorker.com/news/our-local-correspondents/andrew-yangs-ideas-on-universal-basic-income-earned-him-fans-but-can-he-win-votes">link</a></p></li>
<li><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Can the COVID-19 Vaccine Beat the Proliferation of New Virus Mutations?</strong> - Stopping transmission blocks the opportunity for viral mutation. Vaccination is the only means we have of standing in the virus’s way. - <a href="https://www.newyorker.com/news/daily-comment/can-the-covid-19-vaccine-beat-the-proliferation-of-new-virus-mutations">link</a></p></li>
<li><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Navalny’s Long-Running Battle with Putin Enters a New Phase</strong> - The jailed opposition leader is creating a model of guerrilla political warfare for the digital age. - <a href="https://www.newyorker.com/news/dispatch/navalnys-long-running-battle-with-putin-enters-a-new-phase">link</a></p></li>
<li><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Did Biden Just Make Everything Normal Again?</strong> - Reflections on a post-Trump week of refreshingly Presidential behavior and predictably partisan feuding. - <a href="https://www.newyorker.com/news/letter-from-bidens-washington/did-biden-just-make-everything-normal-again">link</a></p></li>
<li><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>The Biden Administration’s Landmark Day in the Fight for the Climate</strong> - The newly announced actions may well mark the beginning of the end of the fossil-fuel era. - <a href="https://www.newyorker.com/news/daily-comment/the-biden-administrations-landmark-day-in-the-fight-for-the-climate">link</a></p></li>
</ul>
<h1 data-aos="fade-right" id="from-vox">From Vox</h1>
<ul>
<li data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>How a bunch of Redditors made GameStop’s stock soar</strong> -
<figure>
<img alt="" src="https://cdn.vox-cdn.com/thumbor/N-n0P6McMn1Ieen2FvGvWXH5hks=/0x0:3556x2667/1310x983/cdn.vox-cdn.com/uploads/chorus_image/image/68719743/1229817489.0.jpg"/>
<figcaption>
A pedestrian wearing a protective mask walks past a GameStop store in the Herald Square area of New York City on November 27, 2020. | Gabriela Bhaskar/Bloomberg/Getty Images
</figcaption>
</figure></li>
</ul>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
How a bunch of Redditors made GameStop’s stock soar, much to the chagrin of the hedge funds attempting to short it.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="v1Ozhm">
Who knew the first big 2021 stock market story would be … GameStop? But here we are.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="GhNQPt">
<a href="https://www.vox.com/business-and-finance/2020/7/9/21314119/stock-market-day-trading-reddit-dave-portnoy-barstool-robinhood">Day trading</a> and individual investing have boomed over the past several months, with activity often taking place or being discussed on platforms such as Reddit and <a href="https://www.vox.com/business-and-finance/2020/7/9/21314119/stock-market-day-trading-reddit-dave-portnoy-barstool-robinhood?__c=1">Robinhood</a> instead of in more traditional arenas. And one big question amid the frenzy has been how much the little guys really matter. Sure, small-time investors trade a lot, sometimes to the annoyance of more traditional institutions, but are they really consequential?
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="DE8Ids">
In the GameStop saga, at least, the answer is yes. An army of traders on the Reddit forum <a href="https://www.reddit.com/r/wallstreetbets/">r/WallStreetBets</a> helped drive a meteoric rise in GameStop’s stock price in recent days, forcing it to <a href="https://twitter.com/DeItaone/status/1353733989694111745">halt trading multiple times</a> and causing a major headache for the short sellers betting against it and banking on the stock falling. It’s a captivating David vs. Goliath story, where David — at least for now — appears to be winning.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="19ZPUX">
Famed investor and CNBC personality Jim Cramer called the GameStop drama the “<a href="https://twitter.com/jimcramer/status/1352683263001812992?s=20">squeeze of a lifetime</a>.” Bloomberg opinion columnist Matt Levine posited that one possible explanation for what happened could be “utter nihilism” on the part of the Reddit crowd, a story “perhaps best told with a series of rocket emojis.” Or maybe one of the WallStreetBets moderators put it best to <a href="https://www.wired.com/story/gamestop-stock-wall-street-bets-short-squeeze/">Wired</a>: “It was a meme stock that really blew up.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="4LWqNU">
There has been a lot of hand-wringing about the day-trading trend and this new crop of investors playing the markets, many of whom are treating stocks more like a spin at the roulette wheel than a long-term strategy to build wealth. It’s not clear how many of them are looking at the underlying fundamentals of companies, or whether they’re just “YOLO-ing” themselves across the market.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="12XVhA">
On GameStop, the answer is probably a mix. There’s a reasonable business case to make for (some of) the game retailer’s valuation; there’s also a case that this whole thing has just been quite fun for everyone — the possible trolls of Reddit, market watchers, commentators, and certainly GameStop — except for the short sellers, who have been in for a pretty miserable ride.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="FWgbm7">
“It’s dramatic, and you don’t see this magnitude very often,” said Nick Colas, the co-founder of DataTrek Research. “But when it happens, it’s spectacular.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="MoyzoM">
More traditional investors (and those with a lot of money) have wagged fingers. But giant banks and hedge funds aren’t exactly a bastion of responsibility — take a look at the role they played in the 2008 financial crisis.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="NZdYNq">
The animosity flows both ways. In a January 25 post titled “An open letter to CNBC,” one WallStreetBets Redditor pointed out that much of the network’s audience is composed of the retail traders who are now being criticized. “Your contempt for the retail investor (your audience) is palpable and if you don’t get it together, you’ll lose an entire new generation of investors,” the Reddit user, RADIO02118, wrote.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="8qhsYH">
The user pointed out that the hedge funds that take on big risks can get a bailout — <a href="https://twitter.com/zebamy/status/1353793257025773569">as one of the ones shorting GameStop did</a> — whereas everyday investors generally can’t: “We don’t have billionaires to bail us out when we mess up our portfolio risk and a position goes against us. We can’t go on TV and make attempts to manipulate millions to take our side of the trade. If we mess up as bad as they did, we’re wiped out.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="ye2it8">
And it’s far from certain<strong> </strong>GameStop’s stock price will stay high forever. On Thursday, January 28, its price began to fall, and trading platforms such as Robinhood <a href="https://blog.robinhood.com/news/2021/1/28/keeping-customers-informed-through-market-volatility">began to clamp down</a> on the trading frenzy around this and other volatile stocks — a move that sparked fury among some traders.
</p>
<h3 id="eBIC6o">
An attempt to explain what is going on here, for people who don’t follow markets at all
</h3>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="ksSDrv">
Let’s back up a bit to go over the basics of what is going on here.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="rJgapM">
GameStop is a video game retailer headquartered in Grapevine, Texas, that operates more than 5,000 stores. Between malls dying out and the pandemic, if you forgot the company existed, that would be fair. But it’s still out there, trucking along. GameStop has become a popular play among short sellers, who are basically investors who think a stock will go down. In Wall Street terminology, these investors are bearish on a stock’s prospects. Again, dying malls plus pandemic. You get the reasoning. (Plus, <a href="https://www.businessinsider.com/gamestop-worlds-biggest-video-game-retailer-decline-explained-2019-7">GameStop has had a rocky history</a> and faces a long-term threat from digital game downloads.)
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="VfqDr3">
Though the buying frenzy around GameStop hit this month, this one has been in the making for a while. <a href="https://www.bloomberg.com/news/articles/2021-01-25/how-wallstreetbets-pushed-gamestop-shares-to-the-moon">Brandon Kochkodin at Bloomberg recently laid out</a> how GameStop, which isn’t expected to even turn a profit until 2023, has seen its market skyrocket, and what Reddit has to do with it.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="ZanBgQ">
By Kochkodin’s recounting, a bull case for GameStop (basically, an argument that its stock is good) started showing up on WallStreetBets about two years ago and has, off and on, been bubbling up. Scion Asset Management, the hedge fund run by Michael Burry, who you might know from <a href="https://www.imdb.com/title/tt1596363/"><em>The Big Short</em></a>, revealed he had a position in the company, which inspired some confidence, and then Ryan Cohen, the co-founder of the pet e-commerce company Chewy, <a href="https://www.bloomberg.com/news/articles/2020-08-31/gamestop-soars-after-co-founder-of-chewy-acquires-a-stake">disclosed</a> last August that he had a big stake in GameStop. Earlier this month, <a href="https://www.bloomberg.com/news/articles/2021-01-13/heavily-shorted-gamestop-soars-most-ever-as-day-traders-circle">he was added to its board</a>. That’s been interpreted as positive for GameStop.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="XE9yV0">
As Reddit and retail traders started to take notice of GameStop, they also took notice of how heavily shorted the stock was — information that’s <a href="https://www.investopedia.com/ask/answers/06/shortedstock.asp">generally pretty easy to get</a>. And they figured out a way that, if they acted all together, they could sort of screw the shorts over and make a profit doing it. Kochkodin points to a <a href="https://www.reddit.com/r/wallstreetbets/comments/ivs6dw/bankrupting_institutional_investors_for_dummies/">post</a> from four months ago starting to plot. Its subject: “Bankrupting Institutional Investors for Dummies, ft Gamestop.”
</p>
<h3 id="gcts5v">
How a short squeeze is making Reddit happy and short sellers sad
</h3>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="ZZws24">
GameStop’s stock price has skyrocketed from where it was at the start of the year, at under $20, to<strong> </strong>nearly $350 at market close on January 27 and then back down to under $200 at market close on January 28. The stock’s volatility is the result in no small part of Redditors and the short sellers they went after.<strong> </strong>WallStreetBets has an antagonistic relationship with shorts — many retail traders are betting stocks will go up, not down.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="ODj9y2">
Lots of hedge funds and investors are shorting GameStop, but at the center of the current saga is Citron Research, which is run by famed short seller Andrew Left. Last week, Citron <a href="https://twitter.com/CitronResearch/status/1351544479547760642?s=20">announced</a> on Twitter that it would be hosting a livestream event laying out the short case against GameStop and arguing people buying the stock were “suckers at this poker game.” They predicted shares would go back to $20. The event was put off, first because of the presidential inauguration, then because of <a href="https://www.bloomberg.com/news/articles/2021-01-21/citron-claims-too-many-hacking-attempts-brought-live-stream-down">attempts to hack Citron’s Twitter</a>. Eventually, <a href="https://twitter.com/CitronResearch/status/1352344043246608385?s=20">they got the video out</a>, and the battle has continued. Left <a href="https://twitter.com/CitronResearch/status/1352344043246608385?s=20">has said he’ll no longer comment</a> on GameStop because of the “angry mob” that’s formed against him and complained he’d “never seen such an exchange of ideas of people so angry about someone joining the other side of the trade.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="da7n2K">
Retail traders have been able to orchestrate what’s known as a short squeeze against Citron and the others betting against GameStop, which screws up the short trade and drives the stock price up. (Don’t worry, we’ll explain what that is.)
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="Wpyu9J">
When a hedge fund or investor <a href="https://www.investopedia.com/terms/s/shortselling.asp">shorts a stock</a>, they basically speculate that its price will go down. They do that by borrowing, usually from a broker-dealer, shares of a stock that they think will lose value by a set date and then selling them at the market price. “It’s a much more sophisticated investor kind of play,” Colas said. “[The bet] has to work pretty quickly, because what you don’t want is your short stock at $10 and it goes up to $100, because you can lose more than 100 percent of the capital that you put down.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="anMuYu">
When you short a stock, you have to at some point buy back the shares you borrowed and return them. If the trade works, you buy them at a lower price and get to keep the difference. But if the price of the stock goes up, it doesn’t work. At some point, you’ve got to buy the stock back and return it, even when the price is higher and you’re going to lose money.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="udfVvB">
What happens with a short squeeze is that when the price of the stock being shorted starts to climb, it forces traders betting it will fall to buy it, to try to stem their losses. That drives up the price of the stock even higher, so it’s a bit of a double whammy for shorts. The worst-case scenario is, theoretically, unlimited.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="aX13PS">
“The short squeeze is when somebody says, ‘Oh, I know a lot of guys are short. I’m going to go long and make them buy the stock back even higher,’” Colas said.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="L25sUf">
To add another layer to this, a lot of the activity around GameStop hasn’t been people directly buying the stock, but also buying call options, where they basically gamble that it will go up. It’s complicated, but the takeaway is that call option buys may have also driven up the stock because the market maker selling those options hedges by buying more stock. And there was a lot of options buying, namely among day traders — <a href="https://www.barrons.com/articles/gamestop-bears-swarm-into-the-options-market-51611602886">volumes have skyrocketed</a>, and one WallStreetBets trader <a href="https://www.bloomberg.com/news/articles/2021-01-25/how-wallstreetbets-pushed-gamestop-shares-to-the-moon">claimed to have</a> turned $50,000 into $11 million playing options.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="9uTjeo">
Levine summed up what amounts to a snowball effect:
</p>
<blockquote>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="VpmNNm">
Something started the ball rolling—the stock went up for some fundamental or emotional or whatever reason—and then the stock going up forced short sellers and options market makers to buy stock, which caused it to go up more, which caused them to buy more, etc.
</p>
</blockquote>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="t2nWXw">
The shorts are definitely hurting: Melvin Capital Management, a hedge fund betting against GameStop, was down 15 percent in just the first three weeks of 2021, according to <a href="https://www.wsj.com/articles/short-bets-pummel-hot-hedge-fund-melvin-capital-11611349217?mod=article_inline">the Wall Street Journal</a>. It’s had to <a href="https://twitter.com/zebamy/status/1353793257025773569">call in some help</a> and <a href="https://www.marketwatch.com/story/hedge-fund-melvin-capital-closes-out-gamestop-short-cnbc-2021-01-27">finally closed out its position altogether</a>.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="72RUBS">
Meanwhile, many big names are starting to follow along. On Tuesday, January 26, Chamath Palihapitiya, a venture capitalist and the founder of VC firm Social Capital, <a href="https://twitter.com/chamath/status/1354089928313823232">tweeted</a> that he was buying GameStop calls. And Tesla’s Elon Musk, whose tweets <a href="https://www.cnn.com/2021/01/26/investing/elon-musk-etsy-twitter/index.html">often</a> <a href="https://www.cnbc.com/2021/01/11/signal-advance-jumps-another-438percent-after-elon-musk-fueled-buying-frenzy.html">move</a> <a href="https://www.cnbc.com/2020/09/28/musk-tesla-may-be-overvalued-today-but-i-think-itll-be-worth-more-in-5-years.html">stocks</a>, tweeted, “Gamestonk!!” with a link to r/WallStreetBets.
</p>
<div id="FlgZFd">
<blockquote class="twitter-tweet">
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" dir="ltr" lang="en">
Gamestonk!! <a href="https://t.co/RZtkDzAewJ">https://t.co/RZtkDzAewJ</a>
</p>
— Elon Musk (<span class="citation">@elonmusk</span>) <a href="https://twitter.com/elonmusk/status/1354174279894642703?ref_src=twsrc%5Etfw">January 26, 2021</a>
</blockquote>
</div>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="P7Li8H">
The <a href="https://www.marketwatch.com/story/biden-administration-monitoring-the-situation-with-gamestops-stock-white-house-says-2021-01-27">White House</a> said it was monitoring the GameStop situation, and <a href="https://www.reuters.com/article/us-usa-fed-powell-gamestop-idUSKBN29W32J">the Federal Reserve</a> and Sen. <a href="https://www.warren.senate.gov/newsroom/press-releases/senator-warren-releases-statement-on-gamestop-trades">Elizabeth Warren</a> weighed in as well. The Securities and Exchange Commission said it was “<a href="https://www.sec.gov/news/public-statement/joint-statement-ongoing-market-volatility-2021-01-27">monitoring market volatility</a>.”
</p>
<h3 id="OTAs26">
“They’re smarter than we think”
</h3>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="56GBe7">
The GameStop episode is a mix of factors serious and silly — part retail traders demonstrating some actual power in the market, part accepting that some of this just makes no sense. Whether GameStop took off because it’s a meme stock — a stock in which interest is as much cultural or social as it is financial — or because there is something to the business case is unclear. There is a business case, there is a cultural interest; the balance between the two in driving the price is indeterminate. Part of it might basically be a joke. What is clear is that a lot of what’s happening with the stock now isn’t because of a potential turnaround; it’s because the trade went viral.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="dwW5j1">
“It doesn’t make business sense,” Doug Clinton, co-founder of Loup Ventures, told <a href="https://www.bloomberg.com/news/articles/2021-01-25/gamestop-melt-up-leaves-wall-street-price-analysis-in-shambles">Bloomberg</a>. “It makes sense from an investor psychology standpoint. I think there’s a tendency where there is heavy retail interest for those types of traders to think about stocks differently than institutional investors in terms of what they’re willing to pay.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="sPuIUA">
Day traders are hardly a monolith, including the ones at WallStreetBets, which boasts nearly 3 million members, or as they refer to themselves, “degenerates.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="TAkbiw">
But though this is a bit of an odd (and somewhat inexplicable) episode, it still involves some bigger issues.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="Zx6VM6">
For one thing, it seems like the WallStreetBets crowd has learned a tactic that it can replicate in orchestrating short squeezes. “What they’ve done is target large short positions,” Cramer said on CNBC on January 25. “They’re smarter than we think. They’re after the ones that are too shorted.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="SR7TPt">
Following the GameStop episode, retail traders <a href="https://www.marketwatch.com/story/here-are-some-of-the-other-stocks-seeing-gamestop-like-short-squeezes-11611687693?mod=home-page">have also piled into</a> stocks such as AMC, BlackBerry, Express, and even <a href="https://twitter.com/business/status/1354451851656179715">Tootsie Roll</a>. <a href="https://blog.robinhood.com/news/2021/1/28/keeping-customers-informed-through-market-volatility">Robinhood</a> and <a href="https://www.bloomberg.com/news/articles/2021-01-27/robinhood-schwab-among-online-brokers-hit-by-service-disruption">other trading platforms</a> have begun to restrict trading on certain volatile stocks, including GameStop and AMC. That has prompted blowback from retail traders and some high-profile figures, <a href="https://twitter.com/stoolpresidente/status/1354832177498873860?s=20">such as Barstool Sports’s Dave Portnoy</a>, who say platforms are unfairly barring them from opportunities and siding with hedge funds and institutions.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="laHVfN">
The reasoning for clamping down on trading is unclear; Robinhood’s stated mission, after all, is to democratize finance. The company could be trying to protect traders from taking on too much risk (though the accessibility of its platform arguably pushed those traders toward risk in the first place). Or there may be concern about potential legal repercussions from users if stocks go south. There’s also been some <a href="https://twitter.com/tyler/status/1354809759497478153?s=20">speculation about</a> Robinhood’s relationship with a major investment fund being a factor. Robinhood did not respond to a request for comment.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="l2ovZN">
Some observers have raised questions about whether what’s happened with WallStreetBets and GameStop might draw regulatory scrutiny around possible market manipulation. Colas said he’s doubtful there’s much of a case for that. “Everything is known. There’s no insider information here,” he said. If a hedge fund shorting a stock can put out a presentation and video about why a company is bad, why can’t random people talking to each other on the internet talk about why a company is good? But of course, on the legal front, reasonable minds might disagree.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="ZXMawr">
One of WallStreetBets’ moderators addressed the impression that the community is “disorderly and reckless” in a <a href="https://www.reddit.com/r/wallstreetbets/comments/l3z0n8/howd_you_guys_manage_to_win_so_big_it_made_these/">post</a> on January 24, while pushing back against any suggestions there is an organized effort among moderators to promote or recommend any stock. “What I think is happening is that you guys are making such an impact that these fat cats are worried that they have to get up and put in work to earn a living,” the moderator wrote. “Some of these guys [who] traditionally used the media as a tool for them to manipulate the market have failed to further line their pockets and now want to accuse you guys as being manipulators.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="7L5sm3">
GameStop has been the perfect storm for the current retail trend. It’s a recognizable name, there’s some business case for it, and it’s turned into a meme. And it’s heavily shorted, which is bound to irk the recent crop of retail traders who subscribe to the mantra that “stocks only go up.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="P8FMbZ">
On January 26, I reached out to the moderators of WallStreetBets to see what they make of what’s happening. One moderator, Stylux, suggested there wasn’t much mystery. “We aren’t looking at anything other than what is right in front of us, which is the same thing you are seeing. It’s up to the user base to pick stocks — we only moderate a forum for them to do that,” they wrote, adding that they have made efforts over the years to enforce rules aimed at preventing schemes and barring certain investment vehicles. “Everyone plays by the same rules,” Stylux wrote. Their takeaway:
</p>
<blockquote>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="L9nyco">
What you are seeing is conviction from some traders in the subreddit coupled with the pure greed of short sellers who had an opportunity to cover and refused to do so. It looks to me that institutional money is now moving against the short sellers.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="sLJREB">
An example of this is the breaker that occurred shortly before close which looked like a 2.3M share market sell to me. The stock plunged instantly, and when trading resumed it was right back to where it was before that sale. I would be very skeptical of anyone who tries to tell you that retail is making GME move at this point. Some users got the ball rolling and here we sit — with $GME at $209 after hours. Some of the users can now pay off their car notes, student debts, feed their kids and pay their mortgages. Who can feel bad about that?
</p>
</blockquote>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="PJLoDp">
WallStreetBets has been feeling the heat, too. The Reddit forum briefly went private on January 27, and the messaging platform Discord <a href="https://www.engadget.com/discord-bans-reddit-wallstreetbets-022921453.html">shut down the WallStreetBets server</a> in its app the same day due to “hateful and discriminatory content.” <a href="https://www.theverge.com/2021/1/28/22254339/discord-r-wallstreetbets-server-help-moderation-ban">The Verge</a> reports that Discord is now working with WallStreetBets to help moderate its content.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="Cl8iEZ">
This isn’t the first time day trading has become trendy, nor is it the first time day traders have been accused — often rightly — of being a little bit reckless. Last summer, some of them piled onto bankrupt Hertz, <a href="https://www.businessinsider.com/robinhood-traders-bet-hertz-bankruptcy-stocks-despite-huge-risks-2020-6">for which there was really no good case</a>. Many of them treat trading like a game, which can obviously be dangerous. But it’s hard to root against them. Plenty of hedge funds, short sellers, billionaires, and institutional investors treat investing like a game, too. And every once in a while, they’re bound to lose, too, even to the little guys.
</p>
<ul>
<li data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Two-thirds of the world’s population think climate change is an emergency</strong> -
<figure>
<img alt="Climate activist Greta Thunberg holds a sign that reads “School strike for the climate” in Swedish. Other protesters stand distanced and hold their own signs, one of which reads, “Fridays for Future.”" src="https://cdn.vox-cdn.com/thumbor/ISItzcK1mrx1a5uV3Z7OLCZN3HA=/392x0:3780x2541/1310x983/cdn.vox-cdn.com/uploads/chorus_image/image/68737644/1228969458.0.jpg"/>
<figcaption>
Swedish climate activist Greta Thunberg protests with demonstrators during a “Fridays for Future” protest demanding stronger climate action, in Stockholm on October 9, 2020.  | Jonathan Nackstrand/AFP via Getty Images
</figcaption>
</figure></li>
</ul>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
The UN conducted the survey through ads in popular games like Angry Birds and Words With Friends.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="ZEWZ9a">
More than two-thirds of the world’s population believe climate change is an emergency and think four key policy areas can fix it: conservation, renewable power, climate-safe farming, and investing in green businesses and jobs.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="YNTOSq">
That’s according to the results of <a href="https://www.undp.org/content/undp/en/home/librarypage/climate-and-disaster-resilience-/The-Peoples-Climate-Vote-Results.html">the Peoples’ Climate Vote</a>, a UN survey of 1.2 million people in 50 countries and 17 languages — a sample representing 56 percent of the world’s population over the age of 14.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="tWVWE2">
The most significant proportion of people who felt climate change is an emergency (74 percent) came from Belize, Fiji, and Trinidad and Tobago — countries the report identifies as “Small Island Developing Nations,” or SIDS, that are particularly vulnerable to climate-change impacts like sea-level rise and drought. <strong> </strong>
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="oezKNB">
People in high-income countries were close behind, with 72 percent saying climate change is an emergency. The percentages were smaller in middle-income countries (62 percent) and less-developed countries (58 percent).
</p>
<figure class="e-image">
<pre><code> &lt;img alt=" " src="https://cdn.vox-cdn.com/thumbor/tYWR_HujnqD6GokcSXv60YpLfFc=/800x0/filters:no_upscale()/cdn.vox-cdn.com/uploads/chorus_asset/file/22266824/Country_Group.png" /&gt;
&lt;cite&gt;&lt;a class="ql-link" href="https://www.undp.org/content/undp/en/home/librarypage/climate-and-disaster-resilience-/The-Peoples-Climate-Vote-Results.html" target="_blank"&gt;United Nations Development Program&lt;/a&gt;&lt;/cite&gt;</code></pre>
</figure>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="vmljQV">
Of the participants who said climate change was an emergency, 59 percent thought that everything possible should be done to solve the problem, while 20 percent approved a slower, more incremental response. Only one in 10 thought the world is currently doing enough.
</p>
<figure class="e-image">
<pre><code> &lt;img alt=" " src="https://cdn.vox-cdn.com/thumbor/ecgUh9NoJEXmChEO_D324ToZhHI=/800x0/filters:no_upscale()/cdn.vox-cdn.com/uploads/chorus_asset/file/22266811/Doing_enough.png" /&gt;
&lt;cite&gt;&lt;a class="ql-link" href="https://www.undp.org/content/undp/en/home/librarypage/climate-and-disaster-resilience-/The-Peoples-Climate-Vote-Results.html" target="_blank"&gt;United Nations Development Program&lt;/a&gt;&lt;/cite&gt;</code></pre>
</figure>
<h3 id="e2P7IR">
How most of the world feels about climate policies
</h3>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="zI3m5S">
All participants were given 18 policy choices from six different areas — energy, economy, transportation, farms and food, protecting people, and nature — and were asked to choose which they’d like to see become law.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="uCFa7M">
Four policies received support from 50 percent or more of respondents: Conservation of forests and land (54 percent); solar, wind, and renewable power (53 percent); climate-friendly farming techniques (52 percent); and investing more in green businesses and jobs (50 percent).
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="cEAlka">
The least popular policies overall were changing to a plant-based diet (30 percent) and good and affordable insurance to better protect people from extreme storms, flooding, droughts, forest fires, and other climate impacts, with only about a third of participants backing it (32 percent).
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="aCeuT8">
Swedish climate activist Greta Thunberg <a href="https://twitter.com/GretaThunberg/status/1354353331494387713?s=20">tweeted</a> her thoughts on the survey, finding it “most interesting” that just 10 percent of people thought world leaders were doing enough to solve the emergency. <a href="https://onlinelibrary.wiley.com/doi/10.1111/jasp.12737">Recently published research</a> indicates that Americans familiar with Thunberg are more likely to have stronger intentions on joining collective action to combat climate change.
</p>
<h3 id="b7u8Mc">
How the survey was conducted: Angry Birds and Words With Friends
</h3>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="AADXU5">
The survey was conducted by the United Nations Development Program (UNDP), analysts at the University of Oxford, and NGO partners using a new approach: mobile gaming. The survey is part of the <a href="https://www.undp.org/content/undp/en/home/stories/mission-1-5--a-game-changer.html">Mission 1.5 campaign</a>, which kicked off in February 2020 and seeks to educate people about climate change and get their opinion on how governments should act to address it.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="zMRhOd">
From October 7 to December 4, 2020, advertisements in popular mobile games like Angry Birds and Words With Friends were replaced by the survey in 17 languages. The approach led to a much wider sample of 1.2 million respondents and more representation across all ages, genders, and levels of educational attainment than would’ve been possible through traditional polling methods.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="yGwNUD">
The UN selected 50 countries broadly representing the regions where it operates: Western Europe and North America, Africa, Arab States, Asia and the Pacific, Eastern Europe and Central Asia, and Latin America and the Caribbean — representing 56 percent of the world’s population over the age of 14. A hefty 35 percent of the 1.2 million respondents, some 421,170 people, completed all the survey questions.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="76kE3U">
Survey questions were drawn from a <a href="https://mission1point5.org/us">game</a> that puts players in the role of politicians who are trying to limit global warming to 1.5 degrees or less through different policy areas. Both the warming target and policy areas are from real recommendations from the UN’s Sustainable Development Goals and checked by experts on climate science and policy from the Intergovernmental Panel on Climate Change and NASA .
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="ZDyioZ">
Researchers at the University of Oxford analyzed the results with a margin of error of 2 percent.
</p>
<h3 id="yy9ovS">
The survey could be a climate policy roadmap for world leaders
</h3>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="A6i4l7">
The survey results provide an invaluable asset for world leaders who will come together later this year at <a href="https://ukcop26.org/">COP26</a>, the UN’s annual climate change conference, to reexamine their commitments to the Paris agreement.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="BkMU7u">
And just this week, the UN held a <a href="https://www.un.org/en/food-systems-summit-2021-en/climate-adaptation-summit">Climate Adaptation Summit</a> focused on how countries can better prepare for the worst impacts of climate change such as sea-level rise, heat waves, and extreme storm damage.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="QtZuZC">
In his <a href="https://www.youtube.com/watch?v=PxbKiHzZM1A">remarks</a> during the summit, US Special Presidential Envoy for Climate John Kerry said the US was committed to “doing everything we possibly can” to make sure that COP26 “results in ambitious climate action in which all major emitter countries raise ambitions significantly and in which we help protect those who are the most vulnerable.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="szbvfL">
The Peoples’ Climate Vote, which represents the opinion of the majority of the world, including the most vulnerable, lets Kerry and other international leaders know which policies they feel should be used to address the climate emergency: conservation of forests and land; solar, wind, and renewable power; climate-friendly farming techniques; and investing more in green businesses and jobs.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="a35nRU">
And in the US, it appears the Biden administration is already tending to these policy concerns with a series of executive orders geared toward addressing climate change. One buried but important provision would <a href="https://www.vox.com/22251851/joe-biden-executive-orders-climate-change-conservation-30-by-2030">protect 30 percent of US lands and waters by 2030</a>, which aligns with demands for conservation policy.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="PzCIfF">
And at a <a href="https://www.whitehouse.gov/briefing-room/press-briefings/2021/01/27/press-briefing-by-press-secretary-jen-psaki-special-presidential-envoy-for-climate-john-kerry-and-national-climate-advisor-gina-mccarthy-january-27-2021/">January 27 press briefing</a>, when asked how the US would strengthen its commitment to the Paris agreement, Biden’s climate czar Gina McCarthy said when it comes to public land the administration would look at “carbon in our soil, to work with agriculture and others to look at how we better manage our forests so we’re not seeing the devastating forest fires that we’ve been having before.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="UO2k1i">
What teeth Biden’s executive orders on climate will have, as well as the level of input and collaboration with other world leaders on tackling the climate emergency, remains to be seen.
</p>
<ul>
<li data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>The Hollow Middle Class</strong> -
<figure>
<img alt="A family of three falls beneath a crowd of their peers" src="https://cdn.vox-cdn.com/thumbor/dP2R1XNJKwNnXGXUugrTOLOyWE0=/203x0:1398x896/1310x983/cdn.vox-cdn.com/uploads/chorus_image/image/68737176/Hollow_middle_class___lede.0.jpg"/>
<figcaption>
Julia Kuo for Vox
</figcaption>
</figure></li>
</ul>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
Anne Helen Petersen in a monthly column explores how America’s middle class is changing.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="2hKwmN">
What does it mean to be middle class in America today? Both so much and so very, very little.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="Fk42Lu">
Forty years ago, the term “middle class” referred to Americans who had successfully obtained a version of the American dream: a steady income from one or two earners, a home, and security for the future. It meant the ability to save and acquire assets. Now it mostly means the ability to put your bills on autopay and service debt. The stability that once characterized the middle class, which made it such a coveted and aspirational echelon of American existence, has been hollowed out.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="gO04uu">
Each month, columnist Anne Helen Petersen looks at a different facet of our hollow middle class, such as the causes of the hollowing like student loans and rising child care costs, and how race and identity intersect with one’s middle-class experience.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="Kl6FZr">
If you’d like to share your own experience as part of the hollow middle class, email annehelenpetersen@vox.com or fill out <a href="https://docs.google.com/forms/d/e/1FAIpQLScc-Rm_NMsyRPfevs25lhxHFoq2k72fwxyhGpgEOpWbSxZjoQ/viewform?gxids=7628">this form</a>.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="DERoyM">
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="K8AUin">
</p>
<h1 data-aos="fade-right" id="from-the-hindu-sports">From The Hindu: Sports</h1>
<ul>
<li data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Karachi Test | Debutant Nauman Ali takes five wickets as Pakistan win first Test against South Africa</strong> - The 34-year-old claimed the final four wickets to fall, taking his tally to seven in the Test, as the tourists were dismissed for 245, which set Pakistan a modest victory target of 88.</p></li>
<li data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Kildare primed to make it three-in-a-row</strong> - Trainer S.K. Sunderji’s ward Kildare who has won well in his last two starts, and is in great heart, may score a hat-trick in the Republic Cup, the fe</p></li>
<li data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Is Ranji Trophy back on BCCI’s radar?</strong> - Truncated edition of premier First Class tournament may begin next month</p></li>
<li data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>India vs England | Burns: a left-hander with the right attitude</strong> - The England opener looks forward to the big challenge in Indian conditions</p></li>
<li data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>South Africa vs Pakistan | Pakistan takes charge with late wickets</strong> - South Africa ahead by only 29 runs with six wickets remaining</p></li>
</ul>
<h1 data-aos="fade-right" id="from-the-hindu-national-news">From The Hindu: National News</h1>
<ul>
<li data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Economic Survey | Health outcomes of States that adopted PM-JAY improved compared to those who didn't</strong> - States that adopted the PM-JAY experienced greater penetration of health insurance and a reduction in infant and child mortality rates, as well as realised improved access and utilisation of family planning services, and greater awareness about HIV/AIDS</p></li>
<li data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Schools can charge only 70 per cent of tuition fee</strong> - Parents should be given the option of paying it in two or three instalments: Minister Suresh Kumar</p></li>
<li data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>COVID-19 | Dr Reddy’s eyes March launch of Sputnik V vaccine under Emergency Use Authorisation</strong> - ‘We are dosing patients and we expect to complete the dosing as part of the phase 3 (trials) by February,’ said the company</p></li>
<li data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>BSF acts against personnel involved in cattle smuggling</strong> - 3 officers suspended, six transferred amid CBI probe</p></li>
<li data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Anganwadi worker who helped keep her village COVID-free to be feted</strong> - Her family thought it was dangerous work and wanted her to quit, but she did not budge.</p></li>
</ul>
<h1 data-aos="fade-right" id="from-bbc-europe">From BBC: Europe</h1>
<ul>
<li data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Covid: EU publishes disputed AstraZeneca Covid jab contract</strong> - The European Commission argues the drug-maker is failing to fulfil its promises on the Covid jab.</p></li>
<li data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Shell Nigeria ordered to pay compensation for oil spills</strong> - The oil giant's Nigerian subsidiary is ordered to pay compensation to farmers.</p></li>
<li data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Navalny slams 'illegal' Russian case against him</strong> - A Moscow judge rejects opposition leader Alexei Navalny's appeal against detention.</p></li>
<li data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Sanctions urged against Russian figures in English football</strong> - Detained Russian opposition figure Alexei Navalny says action could put pressure on President Putin.</p></li>
<li data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>EU opens competition investigation into Cadbury owner</strong> - Brussels regulators are concerned that Mondelez fixed prices in EU countries.</p></li>
</ul>
<h1 data-aos="fade-right" id="from-ars-technica">From Ars Technica</h1>
<ul>
<li><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Rocket Report: FAA grounds Starship, Biden’s big rocket dilemma</strong> - "The launch vehicle shall deliver a minimum 6,065 kg Europa Clipper spacecraft." - <a href="https://arstechnica.com/?p=1737997">link</a></p></li>
<li><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>WallStreetsBets craze pushes dogecoin up 5x in 24 hours</strong> - The social media mob that pumped up GameStop is now dabbling in cryptocurrency. - <a href="https://arstechnica.com/?p=1738156">link</a></p></li>
<li><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Coronavirus variants: What they do and how worried you should be</strong> - The Ars guide to the coronavirus variants - <a href="https://arstechnica.com/?p=1738081">link</a></p></li>
<li><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Every crazy thing that happened in Apple and Facebook’s privacy feud today</strong> - Apple CEO Tim Cook claims Facebook’s model leads to polarization and violence. - <a href="https://arstechnica.com/?p=1737947">link</a></p></li>
<li><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>New Biden executive order makes science, evidence central to policy</strong> - Agencies will perform evidence-based evaluations of their own performance. - <a href="https://arstechnica.com/?p=1738071">link</a></p></li>
</ul>
<h1 data-aos="fade-right" id="from-jokes-subreddit">From Jokes Subreddit</h1>
<ul>
<li><strong>TIL Albert Einstein was a real person.</strong> - <!-- SC_OFF -->
<div class="md">
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
I had always thought he was only a theoretical physicist.
</p>
</div>
<!-- SC_ON -->
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"> submitted by <a href="https://www.reddit.com/user/arbitrarycivilian"> /u/arbitrarycivilian </a> <br/> <span><a href="https://www.reddit.com/r/Jokes/comments/l7emar/til_albert_einstein_was_a_real_person/">[link]</a></span> <span><a href="https://www.reddit.com/r/Jokes/comments/l7emar/til_albert_einstein_was_a_real_person/">[comments]</a></span></p></li>
<li><strong>How do hedge fund workers jerk off?</strong> - <!-- SC_OFF -->
<div class="md">
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
They give it a short squeeze.
</p>
</div>
<!-- SC_ON -->
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"> submitted by <a href="https://www.reddit.com/user/dyajiv"> /u/dyajiv </a> <br/> <span><a href="https://www.reddit.com/r/Jokes/comments/l73tuu/how_do_hedge_fund_workers_jerk_off/">[link]</a></span> <span><a href="https://www.reddit.com/r/Jokes/comments/l73tuu/how_do_hedge_fund_workers_jerk_off/">[comments]</a></span></p></li>
<li><strong>Wall Street execs to redditors:</strong> - <!-- SC_OFF -->
<div class="md">
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
"This isn't a game. Stop!"
</p>
</div>
<!-- SC_ON -->
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"> submitted by <a href="https://www.reddit.com/user/ElderCunningham"> /u/ElderCunningham </a> <br/> <span><a href="https://www.reddit.com/r/Jokes/comments/l75njk/wall_street_execs_to_redditors/">[link]</a></span> <span><a href="https://www.reddit.com/r/Jokes/comments/l75njk/wall_street_execs_to_redditors/">[comments]</a></span></p></li>
<li><strong>The Robinhood app has a rating of 4.7 stars in the app store.</strong> - <!-- SC_OFF -->
<div class="md">
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
But current market conditions prevent us from allowing investors to add new stars. You may only remove stars until conditions improve.
</p>
</div>
<!-- SC_ON -->
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"> submitted by <a href="https://www.reddit.com/user/sturnus-vulgaris"> /u/sturnus-vulgaris </a> <br/> <span><a href="https://www.reddit.com/r/Jokes/comments/l7hieq/the_robinhood_app_has_a_rating_of_47_stars_in_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/Jokes/comments/l7hieq/the_robinhood_app_has_a_rating_of_47_stars_in_the/">[comments]</a></span></p></li>
<li><strong>What do you call a black man that is hammered AF that is stumbling to his car from the bar?</strong> - <!-- SC_OFF -->
<div class="md">
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
An Uber so he can get home safely
</p>
</div>
<!-- SC_ON -->
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"> submitted by <a href="https://www.reddit.com/user/jro007"> /u/jro007 </a> <br/> <span><a href="https://www.reddit.com/r/Jokes/comments/l7md0u/what_do_you_call_a_black_man_that_is_hammered_af/">[link]</a></span> <span><a href="https://www.reddit.com/r/Jokes/comments/l7md0u/what_do_you_call_a_black_man_that_is_hammered_af/">[comments]</a></span></p></li>
</ul>
<script>AOS.init();</script></body></html>