Daily-Dose/archive-daily-dose/20 March, 2024.html

614 lines
74 KiB
HTML
Raw Normal View History

2024-03-20 12:41:25 +00:00
<!DOCTYPE html>
<html lang="" xml:lang="" xmlns="http://www.w3.org/1999/xhtml"><head>
<meta charset="utf-8"/>
<meta content="pandoc" name="generator"/>
<meta content="width=device-width, initial-scale=1.0, user-scalable=yes" name="viewport"/>
<title>20 March, 2024</title>
<style>
code{white-space: pre-wrap;}
span.smallcaps{font-variant: small-caps;}
span.underline{text-decoration: underline;}
div.column{display: inline-block; vertical-align: top; width: 50%;}
div.hanging-indent{margin-left: 1.5em; text-indent: -1.5em;}
ul.task-list{list-style: none;}
</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>A Financial Reckoning for Donald Trump</strong> - The former Presidents inability to secure a $464-million bond in his New York civil fraud case is a reminder of the deep legal and financial peril hes in. - <a href="https://www.newyorker.com/news/our-columnists/a-financial-reckoning-for-donald-trump">link</a></p></li>
<li><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>The Crime Rings Stealing Everything from Purses to Power Tools</strong> - In Los Angeles, a task force of detectives is battling organized retail theft, in which boosted goods often end up for sale online—or commingled on store shelves with legitimate items. - <a href="https://www.newyorker.com/magazine/2024/03/25/the-crime-rings-stealing-everything-from-purses-to-power-tools">link</a></p></li>
<li><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>How Quinta Brunson Hacked the Sitcom with “Abbott Elementary”</strong> - With “Abbott Elementary,” the comedian and writer found fresh humor and mass appeal in a world she knew well. - <a href="https://www.newyorker.com/magazine/2024/03/25/quinta-brunson-profile">link</a></p></li>
<li><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>How Juliens Auctions Leads the Booming Market in Celebrity Memorabilia</strong> - As the art market cools, Juliens Auctions earns millions selling celebrity ephemera—and used its connections to help Kim Kardashian borrow Marilyn Monroes J.F.K.-birthday dress. - <a href="https://www.newyorker.com/magazine/2024/03/25/how-juliens-auctions-leads-the-booming-market-in-celebrity-memorabilia">link</a></p></li>
<li><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Has Putins Invasion of Ukraine Improved His Standing in Russia?</strong> - As Russians go to the polls, the economy is booming and the public feels hopeful about the future. But the politics of Putinism still depend on the absence of any means to challenge it. - <a href="https://www.newyorker.com/news/the-weekend-essay/has-putins-invasion-of-ukraine-improved-his-standing-in-russia">link</a></p></li>
</ul>
<h1 data-aos="fade-right" id="from-vox">From Vox</h1>
<ul>
<li><strong>How the threat of a government shutdown became normalized</strong> -
<figure>
<img alt="Rangers stand near two official vehicles blocking a road. A sign reads, “Because of the federal government shutdown, this National Park Service facility is closed.”" src="https://cdn.vox-cdn.com/thumbor/w8zvUByG1pS0sQUHE0Ed87tt9jc=/270x0:4046x2832/1310x983/cdn.vox-cdn.com/uploads/chorus_image/image/73220091/182949873.0.jpg"/>
<figcaption>
US Park Rangers stand at the closed gate to Joshua Tree National Park in California during the 2013 government shutdown. | Robyn Beck/AFP/Getty Images
</figcaption>
</figure>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
Why we find ourselves on the precipice again and again … and again.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="eLfgZ1">
<a href="https://www.vox.com/22810544/congress-democrats-government-shutdown-cycle">These days</a>, the threat of a <a href="https://www.vox.com/videos/22808675/us-government-shutdown-appropriations-bill-spending">government shutdown</a> is as <a href="https://www.vox.com/politics/2023/9/11/23868182/government-shutdown-republicans-house-freedom-caucus">commonplace</a> as lawmakers <a href="https://abcnews.go.com/Politics/taking-care-business-congress-winter-vacation-leaving-long/story?id=107264481">skipping town</a> for recess.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="Q37LRS">
This congressional term alone, the US has faced fears of a government shutdown no fewer than four times as lawmakers have failed to agree on long-term funding bills and passed last-minute, short-term patches instead.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="eFSlme">
In 2019, the US saw its <a href="https://www.vox.com/2019/1/12/18179711/longest-government-shutdown-us-history">longest shutdown yet</a> when former <a href="https://www.vox.com/donald-trump">President Donald Trump</a> tried to wield it as a political weapon in order to procure funding for his southern border wall. And overall, shutdowns took place <a href="https://www.cbsnews.com/news/government-shutdown-history-congress/">more frequently</a> in the 2010s than the prior decade.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="47ltyv">
For context, <a href="https://www.vox.com/congress">Congress</a> must pass 12 funding bills each year that provide money for everything from the Department of Defense to the Food and Drug Administration. If they fail to do so by an end-of-September deadline, either they approve a short-term bill that buys them more time and keeps agencies funded or the government shuts down.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="1UdrZV">
Its now been almost six full months since the start of the fiscal year in October, and Congress has yet to approve multiple full-year appropriations bills. On Tuesday, lawmakers <a href="https://www.nbcnews.com/politics/congress/funding-deal-eludes-congress-just-days-ahead-government-shutdown-deadl-rcna143566">announced a deal</a> to keep the government open and finally pass several of the remaining longer-term measures, potentially quelling shutdown fears for now.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="qPue0N">
Every time theres another funding deadline, however, concerns about a potential shutdown ramp up. Thats because funding bills, like all legislation, <a href="https://www.pewresearch.org/short-reads/2022/03/10/the-polarization-in-todays-congress-has-roots-that-go-back-decades/">are subject to growing polarization in Congress</a> — and a faction of Republicans, in particular, benefits politically from threatening to shut down the government.
</p>
<h3 id="MO3tob">
The causes of shutdowns have changed
</h3>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="FWSv1J">
Shutdowns arent totally new.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="P3aHKL">
Modern-day shutdowns began in the 1980s after Attorney General Benjamin Civiletti <a href="https://www.pgpf.org/blog/2023/10/a-brief-history-of-us-government-shutdowns-and-why-other-countries-do-not-have-them">issued an opinion</a> stating that government agencies couldnt keep operating if Congress hadnt explicitly approved the funds they needed to do so. A handful of shutdowns happened in the 1970s as well, but they didnt really close the government in the same way that current ones do.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="RH3Avn">
Multiple shutdowns of the 1970s and 80s also centered on <a href="https://www.npr.org/2019/01/12/683304824/the-longest-government-shutdown-in-history-no-longer-how-1995-changed-everything">specific disagreements</a> over spending, such as line items in legislation, versus less related ideological arguments about policy. (Abortion funding, a crime bill and welfare expansion were all factors in different shutdowns, however.)
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="U9jhNi">
A major turning point in how shutdowns have been weaponized <a href="https://www.npr.org/2019/01/12/683304824/the-longest-government-shutdown-in-history-no-longer-how-1995-changed-everything">occurred in the 1990s</a>. In December 1995, House Republicans, led by Speaker Newt Gingrich, initiated a lengthy 21-day shutdown in order to make a point about budget reforms. At the time, they argued that President Bill Clinton should develop a budget based on more conservative projections from the Congressional Budget Office versus other estimates made by the White House Office of Management and Budget. This was notable because the standoff wasnt just about a particular spending figure, but a broader policy disagreement.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="8QDfoe">
The 19951996 <a href="https://www.theatlantic.com/politics/archive/2013/09/would-a-government-shutdown-really-be-all-that-bad-for-republicans-yes/279790/">shutdown</a> was also widely viewed as harming Republicans, who held both the House and the Senate, by making them appear dysfunctional and unable to govern.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="cn9I7q">
While Republicans only lost two House seats and added two Senate seats in the following election, Clinton was viewed as benefiting from the shutdown debacle and coasting to a landslide reelection victory, in part because of how it hurt the GOPs image, Molly Ball <a href="https://www.theatlantic.com/politics/archive/2013/09/would-a-government-shutdown-really-be-all-that-bad-for-republicans-yes/279790/">wrote for the Atlantic.</a>
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="5dcp4i">
Theres <a href="https://www.pewresearch.org/short-reads/2013/09/27/lessons-from-the-last-government-shutdown/">some debate</a> about how much damage Republicans ultimately suffered. Seemingly <a href="https://www.npr.org/2019/01/12/683304824/the-longest-government-shutdown-in-history-no-longer-how-1995-changed-everything">scarred from the experience</a>, however, they <a href="https://manhattan.institute/article/shutdowns-always-backfire-especially-on-republicans">avoided a shutdown</a> for nearly two decades afterward — until a wave of Tea Party members focused on fiscal responsibility were elected in 2010. In 2013, these members pushed for a 16-day government shutdown and said they wouldnt approve spending bills unless they defunded the <a href="https://www.vox.com/obamacare">Affordable Care Act</a>.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="bOXXu8">
That shutdown heralded the beginning of our current era. Since 2013, there have been three shutdowns, and many more times when a shutdown was threatened.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="MsEPvD">
Throughout this time, the GOP has explicitly used spending bills as leverage for other policy goals — building on the 2013 and 1996 precedents. <a href="https://www.vox.com/policy-and-politics/2018/1/22/16919882/government-shutdown-2018-senate-democrats-vote">In 2018,</a> Democrats similarly used this strategy to urge action on immigration reforms. It was at the end of that year that former President Donald Trump called for Republicans to shut down the government if funding wasnt approved for his border wall.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="Zz7Iw8">
Trumps public support for the 20182019 shutdown, which lasted 35 days and became the longest in US history, underscored how making these threats — and using them as evidence for their base voters that theyre fighting for their priorities — has become incentivized for Republicans.
</p>
<h3 id="s70jtJ">
The political motives for threatening shutdowns, briefly explained
</h3>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="U8Mmlz">
All told, there have been <a href="https://thehill.com/homenews/administration/4221150-heres-how-many-times-the-federal-government-has-shut-down/">21 government shutdowns</a> over the past 50 years. Theyre more likely to take place when theres a split Congress, or when the party that controls Congress is different from the party holding the White House.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="xFisSJ">
In recent years, partisanship has only gotten worse, increasing lawmakers incentives to use shutdown threats and other disruptive tactics. Because of this polarization, lawmakers have become more willing to play to their base voters, with the hopes of rallying them for the next election. And due to gerrymandering in states like Florida and Tennessee, for example, Republicans now <a href="https://www.politico.com/2022-election/results/redistricting/">have more districts that are GOP-leaning. </a>
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="SSpZlW">
“Members of the House, particularly, have less incentive to compromise with their Democratic colleagues because theyre more worried about a primary challenge from their flank than they are losing their seat to the other party,” George Washington University political management professor Todd Belt tells Vox.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="JApQD4">
Between the two parties, Republicans are also more likely to use these tactics than Democrats because theyre in line with conservative political commitments to cutting spending. As a result, the furthest-right members of the GOP — such as the Freedom Caucus — are often among the most vocal in threatening a shutdown over issues such as immigration.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="YYoion">
Additionally, theres some evidence that lawmakers are no longer being punished at the ballot box for using such disruptive tactics. Voters may be unhappy when a shutdown is happening, but they might potentially forget about it by the time the next election rolls around. For example, <a href="https://www.cnn.com/2019/01/11/politics/shutdown-blame-polling/index.html">Republicans were blamed</a> in polls for the major shutdowns in 2019 and 2013, but theres little evidence it harmed them in the subsequent national elections, <a href="https://www.nbcnews.com/meet-the-press/first-read/shutdowns-yet-cost-todays-gop-rcna118018">according to NBC News</a>.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="NcNfeb">
“We live in an increasingly noisy political environment. We have more crises and more breaking news and a louder political environment than we did 10, 20, 30 years ago,” says Bipartisan Policy Center senior analyst Andrew Lautz. “You could see backlash electorally, but … Im not sure how much difference these budgeting fights make at the polls.”
</p>
<h3 id="L72I1w">
Congress likes to procrastinate
</h3>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="vq9CyH">
Congress rarely passes funding bills <a href="https://www.pewresearch.org/short-reads/2023/09/13/congress-has-long-struggled-to-pass-spending-bills-on-time/">on time</a>, and the reliance on short-term bills — also known as continuing resolutions, or CRs — is part of the reason it often feels like were regularly on the verge of a shutdown. Since a short-term bill might only last a few weeks or months, any time one expires, the country risks shutting down.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="EBL2oo">
This term, Congress has already used multiple CRs, renewing them in November, January, and February. “Im done normalizing this dysfunction,” first-term Pennsylvania Sen. John Fetterman (D-PA) <a href="https://thehill.com/homenews/senate/4232340-fetterman-im-done-normalizing-this-dysfunction/">griped last September</a> when asked to vote for a short-term patch.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="fVDP8K">
Because of polarization, Congress is also <a href="https://www.reuters.com/graphics/USA-CONGRESS/PRODUCTIVITY/egpbabmkwvq/">passing fewer bills</a>, on average, over time. As a result, appropriations bills are more contentious because lawmakers may try to add in other policy riders, knowing a funding bill is guaranteed to pass.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="FQy0wU">
“I think that one consequence of it getting harder to legislate generally is this idea that the discretionary appropriations process ends up bearing more of Congresss political conflicts than it used to, because of the sense that this is the only thing were going to do,” Molly Reynolds, a procedural expert at Brookings, tells Vox.
</p>
<h3 id="Sl2136">
Shutdowns still cause real damage
</h3>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="UqKoH5">
Even though theyve been normalized, shutdowns and the threat of shutdowns arent good.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="cgGAaj">
Theyve cost the <a href="https://www.vox.com/economy">economy</a> billions of dollars in recent years, and they create significant uncertainty for federal workers. “The Congressional Budget Office (CBO) estimated that the five-week partial government shutdown in 2018 and 2019 reduced economic output by $11 billion in the following two quarters — including $3 billion that the U.S. economy never regained,” a <a href="https://www.jec.senate.gov/public/index.cfm/democrats/issue-briefs?id=B7FCE9F4-4DFE-495C-8263-AD277CE4716B#:~:text=The%20Congressional%20Budget%20Office%20(CBO,the%20U.S.%20economy%20never%20regained.">report</a> from Senate Democrats noted.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="3p7xFf">
“They only serve to hurt the economy, they scramble federal departments and agencies, and they lead to a waste of federal dollars,” says Lautz. Even when a threatened shutdown doesnt occur, agencies still have to prepare for the possibility, taking time and resources away from implementing <a href="https://www.vox.com/policy">policies</a> and programs theyd otherwise be focused on.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="7Gacg8">
Shutdowns also have an outsize impact on government employees. During a shutdown, tens of thousands of federal workers are furloughed or forced to work without pay, and prominent services like immigration courts, food inspections, and National Park access get curtailed or delayed. Additionally, thousands of federal contractors <a href="https://www.vox.com/policy-and-politics/2019/2/13/18223471/back-pay-federal-contractors-shutdown">may never recoup back pay</a> from shutdowns after they end. And certain services are left <a href="https://www.vox.com/policy-and-politics/2019/1/25/18197354/government-shutdown-tipping-point">dangerously understaffed</a>.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="RmnoEA">
Despite these consequences, lawmakers still seem plenty comfortable bringing the country to the brink again and again and again.
</p></li>
<li><strong>Can a friend be your most significant other?</strong> -
<figure>
<img alt="An illustration of two people hiking in a mountain landscape." src="https://cdn.vox-cdn.com/thumbor/spEUZefUxdkuLMvadOwHFvuWA3g=/326x0:4895x3427/1310x983/cdn.vox-cdn.com/uploads/chorus_image/image/73220042/GettyImages_1094956810.0.jpg"/>
<figcaption>
Getty Images/fStop
</figcaption>
</figure>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
Author Rhaina Cohen on what we can learn from people who choose a friend as a life partner.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="PKopzh">
We live in a culture that privileges romance. Specifically, marriage.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="PsZFop">
Its not just that the fairy tales we grow up with end in some couples “happily ever after.” The reign of romance is in our laws, too. In America, married people get <a href="https://www.psychologytoday.com/us/blog/living-single/201804/unearned-privilege-1000-laws-benefit-only-married-people">over 1,000 legal benefits</a> that<em> </em>single people cant access.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="gz03GP">
Thats … weird! Why should society assume that romantic love is the ultimate form of commitment? For some people, the most meaningful and long-lasting relationship theyll have is actually a deep friendship.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="LRVhuu">
What if society were structured so that people who choose a friend as a life partner — people in a platonic partnership — could <a href="https://www.vox.com/parenting">raise kids</a> together, share health insurance with each other, and make medical decisions for one another, rather than being dismissed as “just friends”?
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="lqqYSU">
To explore these questions, I invited Rhaina Cohen onto <a href="https://www.vox.com/the-gray-area"><em>The Gray Area</em></a>. Shes the author of the new national bestseller, <a href="https://us.macmillan.com/books/9781250280916/theothersignificantothers"><em>The Other Significant Others: Reimagining Life With Friendship at the Center</em></a><em>. </em>This deeply reported book follows several pairs of platonic partners, who unsettle societal assumptions about which relationships are supposed to scaffold our lives. It argues that were undermining romantic relationships by expecting too much of them while diminishing friendships by expecting too little of them.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="Y3Bjgg">
Rhaina is also a personal friend of mine, so we had the opportunity to get a bit meta in our podcast discussion about friendship. Below is an excerpt of our conversation, edited for length and clarity.
</p>
<div id="TaKaOJ">
</div>
<h4 id="gnfddu">
Sigal Samuel
</h4>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="6WkZOB">
A major project of your book is to take these ideas that were all familiar with — friendship, romance, marriage — and historicize them. By that I mean you try to show readers that these ideas have actually changed a lot over the centuries. Its not like they just fell from the heavens in their current form. So tell me some of the surprising things that the historical record has revealed to you about friendship.
</p>
<h4 id="DzSCfE">
Rhaina Cohen
</h4>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="xna1UP">
We could start in the present, where we think about friendship now as a relationship that is kind of an add-on, not necessarily the crux of a good life, and as a relationship that is private rather than one that is publicly recognized or celebrated. And its a relationship thats lower on the hierarchy than family, than romantic relationships, even career.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="VLa2Lt">
But if you look back in time, the picture is actually really different. You can go back to the story of David and Jonathan in the Hebrew Bible. You can go back to ancient Roman thinkers and how they talked about their friends as “the other half of my soul,” or “the better half of my soul.” The kind of language that would seem more like what you would say for your romantic partner who is supposed to be at the top of your hierarchy.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="0MmRGn">
And there were practices in the past, like a ritual called sworn brotherhood, where men would walk into a church, put their hands one on top of the other on the Gospels, and have a priest say a blessing over them that made them committed to each other for life. Sometimes these men were buried with each other rather than with their wives. So its making friendship public and equal to, if not greater than, marriage. Its turning friendship into an enduring kinship relationship. And there is this emotional experience and adoration and effusion that we dont necessarily think of as appropriate in friendship right now.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="bludsc">
This kind of sworn brotherhood relationship was something that you could see throughout medieval England and in the Byzantine Empire. You could also find versions of this practice among monks in other parts of the world, like China.
</p>
<h4 id="jomIMh">
Sigal Samuel
</h4>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="barLXx">
Fast-forward to modern-day America and we see an extremely sharp contrast. So how did we get to this thinner, more impoverished view of friendship that we have today?
</p>
<h4 id="kCMqB3">
Rhaina Cohen
</h4>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="32Kfql">
There are basically two trends that braid together. One has to do with the way marriage has been understood over time, and the other has to do with whats possible within friendship.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="kFT0jb">
Marriage used to be much more of a pragmatic institution. People would enter into it to merge their families and their wealth, not so much for love, let alone finding a soulmate. And there was, of course, tons of inequality — women until kind of recently were property of their husbands — so it really is not much of a surprise that people tended to find much more emotional intimacy in their same sex-friendships, which were more egalitarian than in their marriages.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="WEBlNB">
But starting 150 years ago or so, its much more common for love to be seen as an essential part of marriage. And then in the last half century, you have even higher expectations of marriage, where people want their spouse to be their best friend, which doesnt leave as much room for friendship.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="o8GxuG">
And then alongside this, by the turn of the 20th century or so, emotional and physical intimacy between same-sex friends became suspect, as you have the introduction of the category of homosexuality and any kind of same-sex sexual interaction being seen as really stigmatized.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="a3bQYM">
So you dont get to have this kind of closeness, where women were exchanging locks of hair with their friends, where same-sex friends would share beds together because that was a norm at the time. There was really this crowding out of the emotional and physical intimacy of friendship. There was just a lot of fear around being labeled as homosexual.
</p>
<h4 id="hWRV3O">
Sigal Samuel
</h4>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="q7Dfds">
In the book, when you talk about friendship versus romance and love versus lust, you get into the neurobiology a bit. Tell me what the science reveals about the difference between friendship and romance or love and lust.
</p>
<h4 id="dvhDEO">
Rhaina Cohen
</h4>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="8foLza">
I think most people today, in a place like the US, assume that these two things go together, that love is impossible to have without lust. So many of the friends that I write about in this book, who clearly love each other, are kind of incomprehensible to the world around them, because everybody wants to imagine that they must have some kind of sexual desire for one another.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="LmBU2b">
But in fact, theres research that shows that the drive for love or attachment is different from the sex drive. And while they might go together, they dont always. Different chemicals and networks in the brain are involved in the attachment versus the sex drive. So, hormones like androgens and estrogens are involved in sex, whereas when youre forming a close attachment or love relationship, were getting a hit of oxytocin and dopamine. This helps explain how it is possible to feel passion and infatuation, which you might connect to an attachment relationship or a love relationship, without having that sexual drive.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="ZAi8yw">
The researcher whos done a lot of this work is Lisa Diamond, whos at the University of Utah. And it helped her understand a bunch of women she had interviewed and traced over the course of decades, who had a friendship that she talks about as a kind of in-between world, where they did not seem to be denying any kind of sexual desire that they had for another person — they just didnt feel it. And yet they had more intensity than we think of as being reasonable in “just” friendship.
</p>
<h4 id="ZKJXXF">
Sigal Samuel
</h4>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="CCYfGU">
When I think about the implications of the neurobiology for how were living, I get the image in my mind of Lego blocks. Im wondering if we should think of different relationships as structures made of these Lego blocks that we can assemble, disassemble, reassemble into different configurations over time as our needs shift.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="Peujho">
At one point, someone might be your housemate and your sexual partner and your co-parent and your closest supporter in times of crisis. And at another point in life, maybe thats not the right fit, and they might be just one or two of those things. Maybe that makes sense if a different neurochemical thing is happening at a different point. Maybe we should have more okayness about that shift.
</p>
<h4 id="wHCjva">
Rhaina Cohen
</h4>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="vZsmOb">
I think a familiar version of this for a lot of people is imagining a very stereotypical romantic relationship over the course of decades that starts off with sex being really an important part of it, and then people have kids and they dont have time or energy to have much of a sexual relationship. And that may or may not be an issue for the couple — they might feel mutually okay about that.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="8wwoM6">
We have a stereotype in our society that older people are not that sexual, which I dont subscribe to, but there is some understanding that a marriage can still be really meaningful even if it becomes more companionate over time, and its built more on emotional intimacy and the sex piece is less important.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="iT5bkJ">
So theres already recognition that you can have that kind of modularity in marriages. And I think this can apply to other kinds of relationships, too.
</p>
<h4 id="2fMUUJ">
Sigal Samuel
</h4>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="utdyES">
There is this great term in your book, “compulsory coupledom,” to describe this fixation in our society on romantic relationships and particularly on marriage. And thats not just a cultural thing. The government seems to really promote and push marriage. How did that come to be, historically? Why does the state want to be so up in my business — and should it get out?
</p>
<h4 id="I55Xya">
Rhaina Cohen
</h4>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="367XiR">
A lot of the rights and benefits that are attached to marriage really develop around the New Deal, when there are these new government programs. A good proxy to make sure that everyone is covered in a society where almost everybody is married is to use marriage as a criterion for something like dependency. So its a way to cover women for retirement benefits, to make sure theyre not in poverty when they themselves are not working.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="HHozxO">
Basically, marriage is a shortcut to tell you something about caregiving and dependency, and for the state to encourage people to have those sorts of relationships. We need people to be caring for each other.
</p>
<h4 id="ZOfKnw">
Sigal Samuel
</h4>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="XwQeST">
Thats also because it serves the state, right? That means fewer people on government rolls.
</p>
<h4 id="FhpHu0">
Rhaina Cohen
</h4>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="QmTo81">
Fewer people on government rolls, yes. But also there is value to people raising children, and there is a value to people caring for somebody who is sick. It doesnt mean that you cant have other people do it, but its a way of recognizing that it is important societally for that to happen, that thats not just free.
</p>
<h4 id="gkXMxF">
Sigal Samuel
</h4>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="0fTJDH">
To this day in the US, marriage comes with this huge package of rights and benefits, while friendships, no matter how deep or committed they are, get basically nothing. To me, that seems pretty silly because functionally these deep friendships are often doing a lot of the same stuff — the stuff that the state wants to see happen, like caregiving.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="q4q0eN">
What would be the most effective way to grant unmarried people the same rights as married couples have? Do we need a legal alternative to marriage?
</p>
<h4 id="xqDbLG">
Rhaina Cohen
</h4>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="y3nUCB">
I want to pinpoint a word you used, which was “function.” So much of the law is built around the form or the structure of relationships and not paying as much attention to the function. But theres been, certainly in family law, a shift to look more at the function. One of the arguments that I saw from several legal scholars is that it is caregiving and economic interdependence that the state has a vested interest in supporting.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="WwtDow">
So, you can do an inventory where youre only keeping the rights and benefits that pertain to caregiving and economic interdependence — for example, workers compensation for a surviving spouse, which is compensating for lost income in a relationship where people are economically interdependent — and use those as criteria [for deciding who gets certain benefits] rather than marriage. Because marriage is not, especially in this day and age, as good of a proxy as it used to be. So you can basically strip marriage down and extend benefits on a different basis.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="9yuJGV">
I think simpler options are just having people designate a person who is the default stop for making major decisions in their lives. That could be something as simple as a form that you fill out when youre at the DMV or at the post office.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="mXGM1g">
And then the final option would be the legal alternative to marriage that doesnt have the romantic connotation attached to it. Colorado has this law called a “designated beneficiary agreement.” Its different from marriage, where you have this giant bundle of more than 1,000 rights and benefits. Its a little bit more à la carte: There are two sheets of paper, very simple, 16 different rights and benefits, and you can check off which ones you want to give and receive from the other person. That kind of template could be used in other places that would allow people in nonmarital relationships to ensure that the person who is making medical decisions on their behalf is the one that they want, and the person who is handling end-of-life care is the person that they want, and so on.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="6uQWVp">
It is okay for one person to not be the right person for everything. Im very aware of my weaknesses, and it would be a relief to me to know that there might be another person for my husband to turn to for certain kinds of things that Im not the best at.
</p>
<h4 id="FoX80y">
Sigal Samuel
</h4>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="vEYqze">
When you look ahead to 20 years from now, what route do you think policy could take that would actually work to accommodate the committed friendships that we do see on the ground?
</p>
<h4 id="rnBFbn">
Rhaina Cohen
</h4>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="qG6eSe">
There are already legal alternatives to marriage that are happening in the US, and there are groups that are really pushing for this. In Somerville and Cambridge, Massachusetts, there are already domestic partnerships that you can sign up for that actually allow more than two people to sign up. They were explicitly made so that they didnt have a romantic connotation, so friends could take advantage of them. The first legislation that would prevent discrimination on the basis of family structure was also passed in that part of the country. And on Valentines Day this year, basically the same kind of legislation was introduced in Oakland and in Berkeley.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="YBfDLa">
So I already see people moving in this direction of trying to put other options on the table. And what I think is promising about the Colorado law is that its very cheap, and its easy to get, and it also has at least some amount of customizability. I think something that has that mix could be helpful in the future. But lets talk again in 20 years, and well see.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="K2VlcI">
</p></li>
<li><strong>Reddit is going public. Will its unruly user base revolt?</strong> -
<figure>
<img alt="A laptop screen shows the site Reddit and the page for Wall Street Bets. " src="https://cdn.vox-cdn.com/thumbor/a5xXFJqinrAdktEaQNOxv9GCvb8=/0x0:3556x2667/1310x983/cdn.vox-cdn.com/uploads/chorus_image/image/73219981/1230831471.0.jpg"/>
<figcaption>
The subreddit r/wallstreetbets has thoughts on Reddits IPO. | Brent Lewin/Bloomberg via Getty Images
</figcaption>
</figure>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
Reddit could become the next meme stock — or flop.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="nJaEKm">
Reddit, the launchpad for many <a href="https://www.vox.com/the-highlight/23482690/amc-gamestop-stock-ape-ryan-cohen-adam-aron-reddit">meme stocks</a>, could now become one: The social media giant makes its debut on Wall Street this week in one of the most highly anticipated initial public offerings of the year.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="zKVfxd">
The nearly 20-year-old company is seeking to raise up to <a href="https://nl.nytimes.com/f/a/HAjXyZ3LSHA587-92yI67w~~/AAAAAQA~/RgRn0Xi7P0TmaHR0cHM6Ly93d3cuc2VjLmdvdi9BcmNoaXZlcy9lZGdhci9kYXRhLzE3MTM0NDUvMDAwMTYyODI4MDI0MDEwMTM3L3JlZGRpdC1zeDFhMS5odG0_Y2FtcGFpZ25faWQ9NCZlbWM9ZWRpdF9ka18yMDI0MDMxMSZpbnN0YW5jZV9pZD0xMTcyOTcmbmw9ZGVhbGJvb2smcmVnaV9pZD03MTU5OTUzMCZzZWdtZW50X2lkPTE2MDQzOSZ0ZT0xJnVzZXJfaWQ9MWZmZWZhNDE2NDA3MzkwYjgxNjM4YmE3ZWZiYTY4NzVXA255dEIKZeK78-5ldzLIaFIYcHVpLXdpbmcudGFtQG55dGltZXMuY29tWAQAAAAD">$748 million</a> in its IPO on March 21, putting its valuation at <a href="https://www.reuters.com/markets/deals/reddit-targets-up-64-bln-valuation-much-awaited-us-ipo-2024-03-11/">about $6.4 billion</a>. Its the first time that a major social <a href="https://www.vox.com/media">media company</a> has gone public since Snap (i.e., <a href="https://www.vox.com/snapchat">Snapchat</a>) in 2017.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="wV1xaA">
It will sell approximately 22 million shares priced at $31 to $34 each under the ticker symbol “RDDT.” The company is reserving about <a href="https://abcnews.go.com/Business/wireStory/reddit-preparing-sell-shares-public-108046252">1.76 million shares</a> for top Reddit users, people who have taken a significant number of “moderator actions” or who have high “karma” scores, a measure of community engagement with their posts. They will have the option to buy in at that initial price early and then sell as soon as the IPO happens.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="W67YPu">
That perk is unavailable to most investors, who usually have to hold stock for a mandatory six-month period after an IPO. Reddit is attempting to curry favor with a user base that hasnt taken kindly to the companys past efforts to monetize the site enough to <a href="https://www.cnn.com/2024/02/23/tech/reddit-ipo-filing-business-plan/index.html">turn a profit</a>.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="sGrt7U">
Reddit says there are many reasons for people to buy in, according to a <a href="https://www.sec.gov/Archives/edgar/data/1713445/000162828024006294/reddits-1q423.htm">prospectus released</a> ahead of the IPO. While the company isnt yet profitable, revenue grew by 21 percent to $804 million and losses declined 43 percent to <a href="https://www.reuters.com/technology/reddit-makes-us-ipo-filing-public-2024-02-22/">$90.8 million</a> in 2023. Its hoping to offer more advertisers access to its 73 million daily active users, many of whom come to Reddit looking for product recommendations. Advertisers could then target users based on their interests. The company hopes that microtargeting will allow it to continue growing its revenue, even if digital ad spending remains down.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="QhbF8f">
Reddit also recently signed a data licensing deal with <a href="https://www.vox.com/google">Google</a>, reportedly valued at <a href="https://www.reuters.com/technology/reddit-ai-content-licensing-deal-with-google-sources-say-2024-02-22/">about $60 million a year</a>, to help train the search engines <a href="https://www.vox.com/2023/4/28/23702644/artificial-intelligence-machine-learning-technology">artificial intelligence</a> models on the conversations happening on Reddit.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="gEiDO6">
The AI boom is a boost to Reddits debut on Wall Street — but its plans for profitability risk angering its users by undermining the very reasons for the sites success. Reddit has thrived as a relatively egalitarian, all-in-one online forum. In contrast to <a href="https://www.vox.com/facebook">Facebook</a> or <a href="https://www.vox.com/twitter">Twitter</a>, most users remain anonymous and the site has historically had a relaxed attitude toward content moderation. But recent pivots ahead of the IPO toward a more investor-focused strategy, such as cracking down on third-party apps, has already led to significant backlash from the user base.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="sTy6MZ">
Now Reddit has to convince its users that they stand to benefit from any of the features that might make the company attractive to investors. If it cant, it risks another mutiny.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="DuNjve">
“I think there will be rough waters to navigate early on, but that seems normal for most companies, especially those with boisterous customers,” said Kyle Stanford, lead <a href="https://www.vox.com/venture-capital">venture capital</a> analyst at PitchBook. “This is a natural progression.”
</p>
<h3 id="VA630h">
What the IPO means for Reddit as a company
</h3>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="j4hJbd">
Reddit CEO Steve Huffman <a href="https://www.npr.org/2023/06/15/1182457366/reddit-ceo-steve-huffman-its-time-we-grow-up-and-behave-like-an-adult-company?ft=nprml&amp;f=1002">said</a> last year that it was “time we grow up and behave like an adult company.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="TWAGSg">
Reddit is one of the last major Web 2.0 social networks to go public: <a href="https://www.vox.com/meta">Meta</a> (then Facebook) went public in 2012, X (then Twitter) in 2013 before <a href="https://www.vox.com/elon-musk">Elon Musk</a> took it private again, Tinder parent company Match in 2015, and <a href="https://www.vox.com/pinterest">Pinterest</a> in 2019.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="491Nfq">
Going public means that Reddit will have new fiduciary obligations to its shareholders, which demand that the company try to maximize its profits. The company is already taking additional steps to try to further monetize the platform.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="kLW6k7">
The new Google data licensing deal is a big one, especially given that licensing has only been a small share of Reddits revenue up until this point. The advent of AI large language models like Google Gemini has opened up new opportunities in licensing. While AI search crawlers have been scraping data from websites including Reddit to develop their models without permission from those sites, <a href="https://www.theverge.com/24062159/ai-copyright-fair-use-lawsuits-new-york-times-openai-chatgpt-decoder-podcast">lawsuits have recently put that practice under threat</a>, so Google has been eager to secure licensing deals with major publishers.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="TGElzV">
If Reddit were going public right now as a standalone social media and advertising business, Stanford said it would be a “tough market to IPO in, and we should assume the price range would be lower if that was the case.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="cu1JPP">
“AI is a big boost to the IPO, and probably a reason the company is choosing now to IPO,” he said, adding that the companys hope is that it will “boost its prospects and boost the interest from investors that it can continue its revenue growth and move toward profitability.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="TbXPF2">
The Federal Trade Commission, however, has opened an <a href="https://www.axios.com/2024/03/15/reddit-generative-ai-license-user-data">inquiry into the Google deal</a>. Though Reddit says it has not engaged in any anticompetitive practices, it acknowledged in an <a href="https://www.sec.gov/Archives/edgar/data/1713445/000162828024011477/reddit-fwp31524.htm">updated investor prospectus</a> that the probe could lead to “substantial costs” and “require us to change our policies or practices, divert management and other resources from our business, or otherwise adversely impact our business, results of operations, financial condition, and prospects.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="GcTFIR">
Last year, Reddit also started charging third-party developers to access its API, a tool that allows the social media network to share information with other software. It generated a huge backlash among Redditors, with thousands of volunteer moderators shutting down their subreddits in protest for days or longer. Popular third-party apps that have a unique user interface to browse Reddit on mobile — <a href="https://arstechnica.com/gadgets/2024/02/exploring-reddits-third-party-app-environment-7-months-after-the-apicalypse/">like Narwhal 2 or Infinity</a> — used to be free, but now have to charge for subscriptions as a result of the new API restrictions. Other third-party developers have decided to just <a href="https://arstechnica.com/gadgets/2023/06/reddit-api-changes-are-imminent-heres-whats-happening-to-your-favorite-apps/">shut down their apps</a>.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="2RSv7q">
But Huffman never budged. He <a href="https://www.npr.org/2023/06/15/1182457366/reddit-ceo-steve-huffman-its-time-we-grow-up-and-behave-like-an-adult-company?ft=nprml&amp;f=1002">told NPR</a> at the time that Reddit had been “subsidizing other [businesses] for free for a long time. Were stopping that. That is not a negotiable point.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="mhgf7w">
Reddit has also begun to take steps to attract more advertisers. That has meant toughening <a href="https://www.theverge.com/2020/6/29/21304947/reddit-ban-subreddits-the-donald-chapo-trap-house-new-content-policy-rules">content moderation</a>. And it has promised <a href="https://www.sec.gov/Archives/edgar/data/1713445/000162828024006294/reddits-1q423.htm#i1b9a579e78a34dfa99f7f26daeec195b_16">further investment</a> in its contextual and interest-based ad targeting technology <a href="https://www.adexchanger.com/investment/what-reddits-ipo-filing-reveals-about-its-ads-business/">introduced last year</a>.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="ObGFdH">
“If the data licensing is able to grow significantly and reduce the pressure on increasing advertising, that is probably the best option,” Stanford said.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="Y0RneE">
Despite all of its preparations for going public, it seems like Reddit is tempering its expectations for the IPO. Last week, it <a href="https://www.ft.com/content/4cd0ef3e-3dc2-4ae5-9660-52ed024b4e0b?shareType=nongift">cut pay incentives</a> for Huffman if the stock hit a $25 billion valuation after IPO, suggesting that the company isnt as optimistic as it once might have been about hitting that astronomical number.
</p>
<h3 id="jtyk6i">
How Redditors are reacting
</h3>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="qJWlxt">
All eyes are on the subreddit r/wallstreetbets ahead of its parent sites IPO, which could provide an early window into how the user base and investors are responding.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="sedYNK">
The subreddit has previously made and ruined fortunes, temporarily driving up the price of stock in down-and-out companies like <a href="https://www.vox.com/the-goods/22249458/gamestop-stock-wallstreetbets-reddit-citron">GameStop</a>, the movie theater chain <a href="https://www.vox.com/the-highlight/23482690/amc-gamestop-stock-ape-ryan-cohen-adam-aron-reddit">AMC</a>, and Y2K smartphone maker <a href="https://www.thestreet.com/memestocks/other-memes/is-it-finally-time-to-buy-blackberry-stock">BlackBerry</a>.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="cjuvdt">
In some of those cases, Redditors goal was to <a href="https://www.reddit.com/r/wallstreetbets/comments/ivs6dw/bankrupting_institutional_investors_for_dummies/">orchestrate a short squeeze</a> — forcing institutional investors who were betting against the stock to buy it back at a higher price to cover their losses. (They also just thought it was <a href="https://www.buzzfeed.com/shelbyheinrich/game-stop-memesreddit-stock-market">funny</a>.) For example, r/wallstreetbets (with a <a href="https://twitter.com/elonmusk/status/1354174279894642703?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1354174279894642703%7Ctwgr%5E7a5b1c4c491fe6bbc2f50bb54778baf16ceeb9ac%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fabcnews.go.com%2FBusiness%2Fgamestop-timeline-closer-saga-upended-wall-street%2Fstory%3Fid%3D75617315">later endorsement</a> from Elon Musk) propelled the price of GameStop stock from <a href="https://finance.yahoo.com/quote/GME/history?period1=1600819200&amp;period2=1616457600&amp;interval=1d&amp;filter=history&amp;frequency=1d&amp;includeAdjustedClose=true">under $5<strong> </strong></a>a share in January 2021 to <a href="https://www.marketwatch.com/story/gamestop-stock-hits-as-high-as-500-in-premarket-action-2021-01-28">as high as $500</a> by the end of the month. The brokerage platform Robinhood eventually made the <a href="https://www.vox.com/recode/22254270/robinhood-gamestop-amc-block-wallstreetbets-day-trading">controversial decision</a> to temporarily shut down trading of the stock, citing market volatility and regulatory requirements.
</p>
<div id="IUiu79">
<blockquote align="center" 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" data-cites="elonmusk">@elonmusk</span>) <a href="https://twitter.com/elonmusk/status/1354174279894642703?ref_src=twsrc%5Etfw">January 26, 2021</a>
</blockquote></div></li>
</ul>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="FVYgo4">
Reddit itself could be the next stock to attain <a href="https://www.vox.com/internet-culture">meme</a> status.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="NLfx6q">
“I think the Reddit stock has the right ingredients to be a meme stock,” said Jonathan Brogaard, a finance professor at the University of Utah who has studied meme <a href="https://www.vox.com/stock-market">stocks</a>. “Specifically, it has the attention of lots of retail investors and its price will likely be volatile, just based on the fact that it is a new listing. These seem to be the two necessary ingredients for a security to become a meme stock.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="9H0072">
That said, as with any meme stock, its hard to predict how the market might behave. “Even if the price is clearly wrong, the saying, The market can remain irrational longer than you can remain solvent, still applies,” Brogaard said.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="CswLEv">
Recently, theres been chatter about the Reddit IPO on r/wallstreetbets, almost none of it positive. Some choice examples:
</p>
<ul>
<li id="Kh0RTR">
“Reddit about to <a href="https://www.reddit.com/r/wallstreetbets/comments/1bfelny/comment/kuzvuna/?utm_source=share&amp;utm_medium=web2x&amp;context=3">break all records</a> for speed running to a penny stock.”
</li>
<li id="sDXlyk">
“I cant wait to <a href="https://www.reddit.com/r/wallstreetbets/comments/1bc4a6w/comment/kuduloe/?utm_source=share&amp;utm_medium=web2x&amp;context=3">short the shit</a> outta this!”
</li>
<li id="WeoFyG">
“This shit is going to <a href="https://www.reddit.com/r/wallstreetbets/comments/1axi9co/comment/kro4njc/?utm_source=share&amp;utm_medium=web2x&amp;context=3">absolutely plummet</a> and I cant wait to see it.”
</li>
</ul>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="xSOdT3">
When I reached out to the moderators of r/wallstreetbets to ask if they were buying into the IPO, they responded with characteristic cheek: by making fun of my username. Without doxxing myself, I thought my username was a clever allusion to one of my favorite books, <em>The Hitchhikers Guide to the Galaxy</em>; the mods derided it as “one of them high-brow classic lit references about your destructive nature as a journalist.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="dExSEN">
My hurt feelings aside, this is part of what has always made Reddit so compelling.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="RXAlQz">
Unlike X, where blue checks with verified identities have always driven the conversation, Reddit has a flatter structure where communities form around niche topics, giving way to an unruliness that doesnt respect anyone because of their title (especially because many people go by pseudonyms.) Rather, earning upvotes on Reddit is about having something knowledgeable, interesting, or entertaining to add.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="XKX4t2">
This is also what has long made Reddit a more difficult sell to advertisers than apps like Facebook, where users generally go by their own name and disclose a lot of personal information by design. Its user-driven content model doesnt give advertisers much control over where their ads are placed, which could be right next to controversial, inappropriate, or even illegal content with which they dont want to be associated.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="O3LToz">
Reddit has historically had no shortage of such content, even if it was later banned: take <a href="https://www.vox.com/2014/9/8/6121195/reddits-ban-of-thefappening-explained">r/thefappening</a>, where photos of naked <a href="https://www.vox.com/celebrities">celebrities</a> stolen from their private iCloud accounts were posted, or <a href="https://www.theverge.com/2020/6/29/21304947/reddit-ban-subreddits-the-donald-chapo-trap-house-new-content-policy-rules">r/thedonald</a>, a MAGA subreddit that often violated the social networks policies on hate speech.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="4rPXeO">
As it goes public, the companys challenge is striking a balance between preserving what has always allowed communities to flourish on the platform with the pursuit of profitability.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom" id="G3M70N">
“It will be tough to keep users and investors happy at the same time,” Stanford said. “Finding ways to continue incentivizing users to participate on Reddit without adding barriers specifically to increase revenue will be the path forward.”
</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>Reminiscence and Creative Girl catch the eye</strong> -</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>Real Madrids Thibaut Courtois suffers new knee injury ahead of return from long absence</strong> - The injury is a major blow for Real Madrid who will have to make do without the services of the goalkeeper for their Champions League quarterfinal tie against Manchester City</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>Morning Digest | Congress plans to reach every household with 25 guarantees and paanch nyay; Lokpal orders CBI probe into charges against Mahua Moitra, and more</strong> - Here is a select list of stories to start the day</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>Air of anticipation as Rishabh Pant prepares to take guard again</strong> -</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>IPL | Starc is as good as anyone in T20s, says McGrath</strong> - The former Australian pacer says the batters have taken away the game with new innovative shots and it is time for the bowlers to step up</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>Will you filter vegetarian delivery workers, gig union asks Zomato</strong> - Food delivery app sparks concerns of discrimination after its CEO announces the rollout of an exclusive fleet of delivery executives who would only be assigned orders from vegetarian restaurants</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>Here are the big stories from Karnataka today</strong> - Welcome to the Karnataka Today newsletter, your guide from The Hindu on the major news stories to follow today. Curated and written by Nalme Nachiyar.</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>Budaun double murder: Barber accused of killing 2 boys had gone to their house seeking money</strong> - Police have also not confirmed the motive behind the incident. They have booked two for murder.</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>CPI to contest from 14 Assembly and two Lok Sabha seats in Andhra Pradesh</strong> - The Left parties have completed the initial talks with Congress on seat sharing and a consensus will be reached in a day or two, says CPI State Secretary K. Ramakrishna</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>Assam University apologises for showing Muslims as criminals</strong> - Bodoland Universitys Department of Geography organised a cultural rally on March 16, portraying various social facets</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>Varadkar to step down as Irish prime minister</strong> - Fine Gael leader Leo Varadkar became the Republic of Irelands youngest prime minister in 2017.</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>Italy PM Meloni seeks damages over deepfake porn</strong> - Giorgia Meloni is suing two men after digitally altered videos featuring her face appeared online in 2020.</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>Dani Alves to be freed on bail after rape conviction</strong> - A court in Spain sentenced the former Brazil player to four and a half years in prison last 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>Russian Mazepin wins case to remove EU sanctions</strong> - Russian racing driver Nikita Mazepin overturns European Union sanctions imposed as part of the response to Russias invasion of Ukraine.</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>Dozens jailed in Frances largest cyberbully case</strong> - A total of 28 people convicted for targeting Magali Berdah in a campaign against “thieving influencers”.</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>“Disabling cyberattacks” are hitting critical US water systems, White House warns</strong> - Biden administration rallies nations governors to secure their facilities. - <a href="https://arstechnica.com/?p=2011436">link</a></p></li>
<li><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Rocket launch marks big step in building Chinas lunar infrastructure</strong> - Queqiao-2 will relay data between Earth and Chinese spacecraft on the far side of the Moon. - <a href="https://arstechnica.com/?p=2011332">link</a></p></li>
<li><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Entirely accurate 3D-printed Mac Plus built in these 29 painstaking steps</strong> - What could have been a dozen separate videos is instead one 48-minute marvel. - <a href="https://arstechnica.com/?p=2011150">link</a></p></li>
<li><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Users ditch Glassdoor, stunned by site adding real names without consent</strong> - Anonymous review site Glassdoor now consults public sources to identify users. - <a href="https://arstechnica.com/?p=2011340">link</a></p></li>
<li><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Its official: Europe turns to the Falcon 9 to launch its navigation satellites</strong> - The European Union agreed to pay a 30 percent premium for Falcon 9 launches. - <a href="https://arstechnica.com/?p=2011210">link</a></p></li>
</ul>
<h1 data-aos="fade-right" id="from-jokes-subreddit">From Jokes Subreddit</h1>
<ul>
<li><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>Mom, who is my daddy?</strong> - <!-- SC_OFF --></p>
<div class="md">
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
“Son, I guess you are old enough to know. You know our town is strict about no pre-marital sex. Several town men used to… um… relieve their stress into the local well. One dark night, I was heading back to our house, and I fell in the well. After some fuss, our family got me out, and 9 months later, you were born. “
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
“Um… mom, I still dont quite understand where I came from, but thanks for telling me.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
“Son, youre well cum.”
</p>
</div>
<!-- SC_ON -->
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"> submitted by <a href="https://www.reddit.com/user/Holden_place"> /u/Holden_place </a> <br/> <span><a href="https://www.reddit.com/r/Jokes/comments/1bj5gbr/mom_who_is_my_daddy/">[link]</a></span> <span><a href="https://www.reddit.com/r/Jokes/comments/1bj5gbr/mom_who_is_my_daddy/">[comments]</a></span></p></li>
<li><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>I got sent on a blind date with a beautiful girl</strong> - <!-- SC_OFF --></p>
<div class="md">
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
My friend thought I was lonely so he set me up on a blind date with a beautiful girl from his work. She had long dark hair. Amazing boobs that really complemented her hourglass waist and a peach of a booty.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
The date went amazing, we shared lots of different interests and got on really well. She told me early on that she found me attractive.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
After many drinks we agreed to continue the conversation at my place so I ordered a taxi and off we went. Few more glasses of wine a things moved to the bedroom.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
We were kissing on the bed and my hands moved from her waist to her boobie area. She grabbed my hand and suddenly looked nervous. “I have a confession to make” she said. “I actually only have really small boobs. I put socks in my bra to make them look bigger”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
I told her it wasnt a problem but I also had a confession to make. “Im sorry but I also must confess I have the penis of a baby” I told her. My voice full of shame.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
She put her hand on my mine and told me it was ok. We started kissing again then I slowly removed her dress. I took off her bra and out popped the socks.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
She then pulled down my pants.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
Her eyes when wide with shocked, the air left her body and she started to tremble.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
“Yo yo you ttttold me you ha ha hadd the penis of a baby” she said shaking.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
“I do” I replied grabbing the monster. “8 pound 4 ounces”
</p>
</div>
<!-- SC_ON -->
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"> submitted by <a href="https://www.reddit.com/user/kingaling49"> /u/kingaling49 </a> <br/> <span><a href="https://www.reddit.com/r/Jokes/comments/1bj0sy3/i_got_sent_on_a_blind_date_with_a_beautiful_girl/">[link]</a></span> <span><a href="https://www.reddit.com/r/Jokes/comments/1bj0sy3/i_got_sent_on_a_blind_date_with_a_beautiful_girl/">[comments]</a></span></p></li>
<li><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>I just dont get hookup culture</strong> - <!-- SC_OFF --></p>
<div class="md">
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
On nights out, when I tell them Ive got a dick like a horse, theres no end of people willing to come home with me.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
Theyre all eager and flirty in the taxi.
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
But when we get home its all: screaming, running and shouting <em>“why has it got legs‽”</em>
</p>
</div>
<!-- SC_ON -->
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"> submitted by <a href="https://www.reddit.com/user/Goatboy292"> /u/Goatboy292 </a> <br/> <span><a href="https://www.reddit.com/r/Jokes/comments/1bj8weu/i_just_dont_get_hookup_culture/">[link]</a></span> <span><a href="https://www.reddit.com/r/Jokes/comments/1bj8weu/i_just_dont_get_hookup_culture/">[comments]</a></span></p></li>
<li><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>The president of a fledgling East Asian democracy visits a grade school…</strong> - <!-- SC_OFF --></p>
<div class="md">
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
The principal meets him at the gate and begs, “Sir, the summers are so hot my students are falling over in class, please we need something to give the children air.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
The president looked mildly concerned and said to his aide, “Implement a new policy or something, make the parents pay more tuition and get ceiling fans installed in schools.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
The next stop on his itinerary is a state prison. The warden is at the door. “Sir, the summers are so hot the prisoners are having heatstrokes even in their cells, we need to do something.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
The president was aghast. “Aide, take money out of the treasury and have air conditioning installed in every cell, in fact build them a pool so they can have nice swims during their exercise hours, come on people these are our fellow human beings!”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
Later back in the presidential palace, the aide found the courage to speak his mind. “Sir, I couldnt help but notice you seemed much more concerned about the condition of the prison than the grade school.”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
The president said, “After my term is over, where do you think Im more likely to end up?”
</p>
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
Disclaimer: Im from the Asian country where this joke is based on a true story. Ive decided not to say which country but bonus point if anyones from around here and has heard this joke before.
</p>
</div>
<!-- SC_ON -->
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"> submitted by <a href="https://www.reddit.com/user/YouGotServer"> /u/YouGotServer </a> <br/> <span><a href="https://www.reddit.com/r/Jokes/comments/1bj38w4/the_president_of_a_fledgling_east_asian_democracy/">[link]</a></span> <span><a href="https://www.reddit.com/r/Jokes/comments/1bj38w4/the_president_of_a_fledgling_east_asian_democracy/">[comments]</a></span></p></li>
<li><p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"><strong>A Smart Watch</strong> - <!-- SC_OFF --></p>
<div class="md">
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom">
A cowboy walks into a bar and takes a seat next to a very attractive woman.<br/> He gives her a quick glance and then causally looks at his watch for a moment.<br/> The woman notices this and asks, “Is your date running late?”<br/> “No”, he replies, “I just got this state-of-the-art watch, and I was just testing it..”<br/> The intrigued woman says, “A state-of-the-art watch? What”s so special about it?”<br/> The cowboy explains, “It uses alpha waves to talk to me telepathically.”<br/> The lady says, “What”s it telling you now?”<br/> Well, it says youre not wearing any panties.”<br/> The woman giggles and replies “Well it must be broken because I am wearing panties!”<br/> The cowboy smiles, taps his watch, and says, “Damn things an hour fast.”
</p>
</div>
<!-- SC_ON -->
<p data-aos="fade-left" data-aos-anchor-placement="bottom-bottom"> submitted by <a href="https://www.reddit.com/user/Azurebluenomad"> /u/Azurebluenomad </a> <br/> <span><a href="https://www.reddit.com/r/Jokes/comments/1bj249m/a_smart_watch/">[link]</a></span> <span><a href="https://www.reddit.com/r/Jokes/comments/1bj249m/a_smart_watch/">[comments]</a></span></p></li>
</ul>
<script>AOS.init();</script></body></html>