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There isn’t much to say about last week’s wild Redditor stonk squeeze-a-palooza that hasn’t already been said by people who actually understand the stock market (for a really great explainer, just read our own Emily Stewart’s all-encompassing guide). One takeaway from the pandemic investment boom: Money is fake, but day trading is TikTok’s favorite new get-rich-quick scheme.
That isn’t necessarily a bad thing, but considering how little financial literacy is taught in schools, it’s easy to get sucked in by the feeling that everyone on the internet is making thousands of dollars by the minute and you can join in, too, if you download this one app that makes stock trading easy and cute
How a subreddit of amateur day traders punked Wall Street by buying GameStop stock
Play Segment9:47
To most investors, GameStop is a legacy retailer rapidly being usurped by better online alternatives, so some Wall Street hedge funds decided to short the company s stock â making a bet that they could profit from its decline. Instead, a bunch of bored amateur day-traders organized on Reddit to pump up the company s share price and teach the hedge funds a lesson. Emily Stewart, a business and politics reporter at Vox, explains what happened.
Aired: Jan. 30, 2021
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Amid one of the worst health and economic crises the US has seen in decades, Americans are as concerned about making sure aid goes to the “right people” as they are about getting aid out at all.
A new poll of 1,164 likely voters conducted January 15 to 19 by Vox and Data for Progress (DFP) reveals an oft-ignored truth: Sometimes the reason optimal policy doesn’t happen isn’t because of bad politicians; it’s because voters don’t want it to pass.
In the poll, 60 percent of likely voters said they would support sending a $1,400 one-time payment to most Americans as part of Covid-19 relief. That’s great news the $1,200 stimulus checks last year were shown to have reduced poverty and helped Americans stay afloat in the first months of the crisis.
MyPillow CEO Mike Lindell is banned from Twitter
Mike Lindell’s continued false claims of election fraud lost him his account.
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MyPillow CEO Mike Lindell has remained loyal to former President Donald Trump even as other corporate allies have jumped ship. He followed him in promoting false election conspiracies. He insisted Trump was not to blame for the Capitol riot.
And now, the MyPillow guy has followed him into another ignominy getting himself, like Trump, permanently banned from Twitter for spreading misinformation.
In a statement to the Associated Press, a spokesperson for Twitter said Lindell was banned for “repeated violations” of the company’s civic integrity policy, though they did not point to a specific tweet that triggered the action.
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President Joe Biden and first lady Dr. Jill Biden watch fireworks from the White House alongside family members.
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7 key moments from Joe Biden’s inauguration special
Joe Biden’s inauguration special attempted a return to normalcy.
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While President Joe Biden’s inauguration was unlike any other, his messaging repeatedly spoke to a familiar theme: a return to normalcy.
And in a music special Wednesday night, he stressed it even more with performances from Bon Jovi, John Legend, and Demi Lovato, which called for people to come together for a more hopeful future.