36 Burst results for "Reddit"
Fresh "Reddit" from Jesse, Jordan, GO!
"And can i say also metal detecting store one hundred percent cells magnet fishing equipment. And we all know that magnet fishing is the new hot shit. Okay everybody's fucking magnet fishing. You know why. Because i'm a fucking lifestyle influence her. I talk about magnificient on this show. People people go out and buy magnets and ropes. Hope they catch themselves a rusty bike. Drag out there fucking cars jordan. Yes do we think we popularize. The sub reddit are slash dragons fucking cars. Was it just a niche community until we mentioned it and blew it up. Yeah it was just people. Previously the sub reddit. Dragons fucking cars was just people who had been sitting around by themselves thinking about what kind of sub reddit. They would like to look at and they came up with the idea. Dragons fucking cars okay. Now that we've talked about it on. Jordan jesse go these people who are horny for us our horny for whatever we talk about so if we talk about dragons fucking cars. They're getting all horned up. They're getting hot and heavy. They're hitting up read at their opening up their read at app their apollo app. I'd like to challenge the premise. That people are horny for us but go ahead chris. Ifc go ahead. chris. I was just gonna say i actually just checked my phone. Stocks and wiffle ball have shot through the roof since whistled socks the next game. Stop yeah people are out here throwing fucking risers yet okay. Two zero six nine eight four four jayco maximum fund dot org. We'll be back in just a second on george jessica. Hey it's john mill and look. These are challenging times for our mental and emotional health. I get it. That's why i'm so excited for my new podcast. Depression mode were tackling depression. Anxiety trauma stressed the kinds of things that are just super common but don't get talked about nearly enough conversations that are illuminating honest. And sometimes pretty funny with folks like kelsey darah open. Mike eagle and patton oswald. Hopefully bogart was never therapy. Limit acid yet. But he smoked a carton of cigarettes a day so he was in therapy plus psychiatrists psychologists and all kinds of folks under pressure mode. We're working together learning helping each other out. Where team join our team depressed mode for maximum fun. Wherever you get your podcasts. Long get your dad. Tell you about the time he broke. Stephen dorf knows the kids choice. Awards in dead pilots society scripts that were developed by studios and networks but were never produced are given the table reads. They deserve when i was a kid. I had to spend my christmas break film and a psa about angel does so. Yeah being a kid. Sucks sometimes presented by andrew reich and ben blacker dead pilots society twice a month on maximum. Fun dot org the show. You like hobo scarf who lives in a magic dumpster doctor. It's jordan jesse go. I'm jesse thorn. America's radio sweetheart jordan morris boy detective and hi. I'm chris gothard. And i was cut from ironman three. Wow wow the. Shane black one. Yeah that's the one do you want to do. You wanna do. Just do the scene here. So the people can just maybe sink it up with disney plus. Oh sure Which one you wants to be don cheadle Either of us should be carl tartar him. Here i'll be. I'll be guy pierce there. I'm sorry you got cut man that would have been a real a real thrill but there's probably probably fun to do. It was really fun to do and it was. I'm mike. An obsessive marvel comics fan from from the seven or eight and it was heartbreaking to get cut but it definitely fits my brand more to get that close in get cut and it's a good story and i squeezed bits out of it all these years later so i mean. What's what's really good about it chris. Now you can get cast in other marvel movies without there being a crossing of the timelines mess up the mcu situation. Well i did get cast. They did a a a wolverine. The long night podcast. That was like a detective. Podcast oh yeah and if you'd see the press releases very often the press releases with list stars and they would list me and i was always so baffled by that because then people started noticing gathered. Finally got in your in. Mcu menu found your way. And who i played was an unnamed librarian who had I think two. Maybe three sentences. So i was confused as to why trotting my name out is one of the show ponies because it was weird of is a librarian. Who told the cat to get off a blueprint. That was the bulk of what i said. But i think what i've actually done. I mean i'm also big marvel comics guy and i actually did a deep dive into this and that librarian was actually a disguised version of king conqueror. So we'll can exist throughout all timelines so takes on forms. I mean if you want to start getting into kang the conqueror we can get into a car at a time. Oh no that's a that's a good came out of time. This come up early. Are you ever at a time when you're talking about how it's a good timelines. Chris point i know a lot about king myself. Don't we all we can all go back and forth talking about kang. The conqueror we were we can just switch it up and talk about a mortis. Yeah gotcha gotcha living. Of course we've finally reached the apotheosis of all podcast which is just an extended series of lists of names of guys. Sure list list list list. Chris gathered where can people check out your new stand up comedy special because everybody everybody listened to george jesse go knows. They need to make a priority of gathered comedy special. They know this is their visit. Their guy. I hope that's true. I hope some people check it out yet. You can get it on amazon and itunes.
"reddit" Discussed on The Brilliant Idiots
"Did we are you. did you. A president of the united states of america. This fucking joe. He's eighty plus them. We put him their granddaddy. And we put him there. But it's not a game. It's not a game amen. Deputy trump got back to old presidents. They really did you. Look at your money. You want that again. Okay let's do some asking tailored we Does yo- wanna talk about you. Wanna say fuck. Y'all wanna fucking diary. Okay she i am. I want to raise bro. Guy called I is on because we ought to be on the dollar bet. You wanna make sure it's race. I don't but let's do it. I liked it. Not even amp to do a taylor. He not even an arrest he not even amp to do so. Listen this is what we're gonna do. We bypass pass asking idiots today and we're going to go race and then we'll come back and talk about the results of the race next week on the brilliant idiots podcast that works for. Y'all how read it. We might even put the video. I might put the video. We know what we'll do that. This was the video out. This raises for the patriarch knowledge. This is going to be hilarious. Guy is brilliant massive. Thank you all for joining us. This week we hope. We hope we hope we gave you all the great show. I'm still recording miles. I'm closing out. I hope we gave you all a great show. But we gotta go. We gotta go. We'll add it to the video so you can see what happened in real time and then y'all gather on reddit this weekend and we'll all gather back here again next week to discuss the results of this race taylor has on nikes and a fucking robber. Okay like what does he is going to be stupid ready. This is going to be doing you already as always if you lifted his podcast. You think we're smart. You think we're intelligent. You think we're brilliant absolutely right. But if you listen to podcasts. You think we're a couple of idiots who don't know. Shit you're right to taylor dossier was going to get out of here without having to do this race but read. It reminded me that you may need some cardio. So let's go..
Swaths of internet down, outage at cloud company Fastly
"Numerous websites when offline today after an apparent widespread outage at the cloud service company fastly dozens of high traffic websites including The New York Times CNN twitch reddit and even the UK government's home page could not be reached San Francisco based fastly acknowledge the problem this morning and said and repeated updates on its website it was continue it was continuing to investigate the issue and then an hour and then an hour later and then an hour to investigate the issue and then an hour later the company said the issue had been identified and the fix had been applied but customers may experience increased Arjun lotus global services return vastly provides vital behind the scenes cloud computing services to many of the web's high profile sites by helping them to store or cache content in servers around the world so that it's closer to users I'm Julie Walker
AMC Stock Tumbles After Retailer Announces Plan to Sell 15 Million Shares
"And now and said it was going to sell 11 million shares. The stock had soared yesterday after getting attention on Reddit and Twitter by young investors similar to the Gamestop stock from earlier this year time for the WTMJ drinking Associates. Market updates
AMC Stock Surges More Than 100% to Record Intraday High
"Stark frenzy seems to be back and bigger than ever. Shares in AMC Entertainment skyrocketed today to an all time high. This is a money losing movie theater chain stock was up nearly 100% today, a record high 60 to 55. Bloomberg's Katie Greifeld tracks the mechanics for us. So if you look at short interest, for example, it's 19%. Today was 20% yesterday. So you aren't seeing really seeing short sellers capitulate yet here? They're in a lot of pain, but they're not backing down so If they did capitulate, you know, take down some of that those that short interest that could add another leg to this rally. So there's still multiple cylinders that could fire here. Now. Just a day earlier, AMC raise $230 million directly from one of its main creditors muck Rick now, although my creek quickly dumped its entire stake for a tiny profit Also called the company massively overvalued. Well, the Reddit retail trading crowd was having none of it was shot.
No Shrooms on Mars, Just Misinformation
"Yesterday. there was a bit of excitement online about a new paper. Claiming fun guy had been found growing on the surface of mars. The news really made the rounds buoy. Perhaps by reddit co founder. Alexis hannigan tweeting out one of the articles on it and tagging elon. Musk sane quote just think hashtag space shrooms are gonna be intense af and quotes but sadly the whole thing was a bunch of crap. Basically just the latest in a long line of one particular hacks attempts to get his pseudoscience hogwash published in legitimate journals so the claim that was actually published in the journal advances in microbiology and included co-authors from harvard smithsonian center for astrophysics george mason university and other institutions. That should know better. Was that images taken by. Nasr's rovers on mars as well as its reconnaissance. Orbiter high-rise camera show several fungus like organisms. And that they believe the images show fungus because quoting the paper. Fungi thrive in radiation intense environments and quotes and quoting from future ism. The team went so far. As to say that black fungi. Bacteria like specimens also appeared atop the rovers. They didn't stop there. The team also examined photos taken by nasa's high rise and found evidence for amorphous specimens within a crevice that change shape and location than disappeared. It is well established that a variety of terrestrial organisms survive. Mars like conditions. The team concludes given the likelihood earth has been seeding mars with life and life has been repeatedly transferred between worlds. It would be surprising if there was no life on mars. The team argues that these martian life forms would have evolved on an already be adapted to the low temperatures intermittent availability of water. Low amounts of free oxygen and high levels of radiation and quotes.
New Tesla Powerwall, China Protest, Volkswagen Investigation
"Year and stay. We've got some news. On tesla energy. A new energy product actually called the power while plus we'll go through the details on that then we also have an update on the situation on the protest in china and some news on volkswagen slash volkswagen. I stay for tesla stock today especially in a downmarket. Tessa finishing up almost five percent. I green day sense earnings to seven hundred nine dollars. Forty four cents that compared to the nasdaq down about nine tenths of a percent. Interestingly on the rise today this was the highest volume day for tesla of the week and sense earnings about forty million shares trading hands. Even though fridays in general tend to be about five to ten percent less volume as we learned during the s. and p. five hundred inclusion analysis period. So interesting to see that. I didn't see a whole lot of news that would have driven the stock today. But oftentimes things that are not. News-based are what's driving the stock right. So let's talk about the power wall plus this was posted yesterday on reddit by user tang. Who said that they were just finalizing their designed for tessler today in san interesting thing power while plus they have shared at the spec sheet for the power while plus and this is a different product than tesla shows online with the power while to now a lot of the specs are the same here but what it looks like tesla has done has integrated some of the components that previously would have been separated in what looks like a continued effort to increase the ease of insulation. We heard yulon talk a lot about this. On tests earnings call and of course we had heard from on the week prior on twitter that tesla solar whether the solar glass roof or rooftop solar would only be sold with an accompanying power wall on the earnings call. Ilan said that he believes this is the most important thing about the solitary of situation noting that installations would be much easier because power from solar would only ever go to the power wall then the power. Walt self would be the only thing that we need to interact as a power supply to the house. Or interact with the grit. It sounds like increasing. The power capability of the power wall was also a key component. Here so not changing the energy but allowing it to provide greater power to be able to handle peak power
DoorDash Drivers Game Algorithm to Increase Pay
"For the delivery app. Door dash may have found a way to trick the algorithm that serves them jobs into offering better pave bloomberg profile their effort which is called hashtag declined now they encourage other drivers to decline all the lowest paid jobs to get the app to offer more money but to make it work. They need lots of drivers on board and that can be tricky with gig workers. They don't share a break room after all instead they're getting together online and facebook groups and on reddit. Lindsay cameron is a professor of management at the wharton school. Who studies gig. Workers and work doesn't uber driver herself for awhile. So there's no way for workers to have worker to worker communication via the app itself. There's no slack line or anything like that. So the few times workers are able to connect. It can be in person you know. I met other ride hailing drivers when i was at a parking lot or at the expect inspections station and beyond that. It's usually just these online forms. Which only a minority of drivers are active on the forms but for the people that are on the forms. These are really you know. They're like the virtual water cooler where people can share tips. How the platform has changed things like that now. Also gig workers instead of having a traditional boss or supervisor direct their work they are dictated by algorithms. That aren't always the most transparent. So to what extent or or gig workers able to sort of tease out. How these algorithms work as workers. You're just sort of doing these best guesses about you know based on your lived experience what you think the surge prices were gonna be or what do you think is a fair amount to except for delivery and then you're sort of guiding you're sort of making your own rules about what feels right to you or what's the best way to respond to the algorithm based on what you yourself you know are experiencing through your everyday work and
The COVID Effect is a Boon for Kids Online Gaming
"If you had to guess one company that saw revenues absolutely skyrocket in twenty twenty. What would you say you might think. I don't know what zoom maybe peril others another brand benefiting from a rough twenty twenty. It's roadblocks and online game that counts middle schoolers as its biggest fans. Don't ask me how. I know if you have a preteen noah preteen or are a preteen. Chances are you've heard of blocks. He lets users around one hundred fifty million a month build and play video games without needing to know how to write code. It's free to join. The company makes money through the sale of in-app purchases using its own virtual currency users can buy costumes for their virtual characters or jump up a level or two game and when i say roadblocks makes money i do mean a lot of money. Roablock says revenue jumped seventy percent between september twenty nineteen and september twenty twenty two more than six hundred million dollars. The motley fool reported that the games daily users number over thirty million people. Those figures have investors drooling and last week. They got a chance to buy into roadblocks wild success when the company went public the platforms value soared sixty percent to forty seven billion dollars after its first day of trading so who would have thought an online kids game would be exploding in popularity right about now. Well anyone who has a middle schooler at home. If kids seem extra attached to their tech devices at the moment. they're not alone. The amount of time kids spent on screens doubled in the first half of twenty twenty. As compared to the same period the prior year so reports the new york times custodio which tracks device usage kids ages four through fifteen called the cova effect socially isolated kids largely stuck at home made for quite the captive audience and that meant more money for games like roadblocks one reddit users summed it up nicely. Kids who distance learning always have tabs open and roadblocks the user wrote quote and nowhere. Mommy leaves her purse unquote. But roadblocks isn't the only game out there benefiting from all those open internet tabs minecraft has been making microsoft quite proud parent company as of late the game which bills itself as an open ended online video game saw twenty five percent increase in new players in the early months of the pandemic. Unlike roadblocks minecraft users pay up front for access to the game that netted them over four hundred million in revenue last year. Nowhere near roadblocks is twenty twenty revenue but both companies have turned quite the prophet in a year that decimated several industries but the so-called cove effect is only expected to last as long as well. Cova does right best of secret. Even roadblocks said so in its s one filing they wrote quote. We do not expect these activity levels to be sustained and in future periods we expect growth rates for our revenue to decline unquote whether or not usage rates. Actually plummet is more kids. Go back to school. Long-abandoned screen time rules claw their way back into homes that does remain to be seen but one thing is clear. The roadblocks rage has taught us to never underestimate the power of a kid with access to a technological device and knowing where to find a credit card is helpful to come on. Don't just blame the ipad
Roblox Shares Jump in Public-Markets Debut
"Isn't the only company in the gaming world getting a boost from Reddit Day traders. There has been a lot of talk on Reddit about roadblocks, the digital games company that's become a cultural icon during the pandemic. Its public debut was a smash shares up by more than half their value, giving the company of value on Wall Street of more than $35 billion. Two thirds of US kids ages nine through 12 used the platform for
A new way to invest that doesn't involve buying stocks hyped on Reddit
"So lately. All the buzz his been about well. Bitcoin and other crypto currencies. Bitcoin recently fifty thousand dollars a bitcoin and people who've been buying the stocks that are being touted on read it and it was all that mess that went on with Game stop and other stocks. That went up like rockets and then like rockets can do crash back down to earth and my son is in this investing group at school. He's fifteen and they're investing not real money but they all have their stock portfolios and wanna read you to texts from him from this morning. They're really funny. Is said in the last nineteen minutes. My stock portfolio dropped by six sixty. Then he texts me eight minutes later and these eh. then it went up by eight hundred dollars. And i the other night. When he was trapped. In the car with me i started boring. I'm trying to talk about how my philosophies investing work very differently than matt worrying about day trading and options and all. That was going to happen up to the minute and if you thought a father could be more irrelevant to sun then i was that minute you you couldn't be no interest in anything i was saying because to him. This is sport and that's what investing has been of late call. Investing is really speculating. And that's not my thing. I mean i'm the dulles person alive and i invest in a dull way because the ideas i wanna make money over time and so. That's why i get excited about really accessible. Investing opportunities for small investors did allow you to build reasonable wealth over time instead of trying to get the quick score and my son's a sharp kid hill. Eventually get it and will not that. It matters what you're buying and selling minute by minute. And by the way he's asked me if he can have a real investing account. Will you know you'd have to have what's called a custodial said yeah yeah where where you were the pretend owner but i'm the one doing the investing and i don't know what to do you know. Give them a couple of hundred dollars and let him play. And maybe learn the value of term investing. But you know it fifteen. What is long term. That's like three days from now. It's hard to explain a concept where you build wealth over time well do you know goldman sachs is goldman sachs is for rich people like crista. People was massive amounts of money. Who work with a personal financial manager. Who handles their money for them. That's right krista. That's what you do with your millions. Yeah no no okay. So there are. There are very wealthy people. That's what they do and goldman sachs has been doing some stuff lately that doesn't fit at all their historical pedigree They're the ones that issue the apple card for people that have the apple credit card and they have Savings accounts and all that kind of thing with no minimums will now. They've launched some cold. Marcus invest which allows people to use goldman sachs incredible financial analysis investment analysis till build robo investing portfolios for you using very low cost funds. And this is something you would ask somebody. Ten years ago if goldman sachs would ever being looking to provide investments an investment advice to everyday ordinary. People they'd say you're crazy. That will never happen. Well they're not doing what fidelity investments does where a dollar is enough to open an account many cases schwab one hundred dollars. They're doing what vanguard. Does you have to have a thousand bucks to open an account but once you have that thousand you can get advice that is tailored to your personal financial goals and outlook. The money can be and a retirement account or an investment account use what are known is exchange traded funds. Etf's and typically for the advice and the investments you pay roughly a third of a percent per year for them to handle your money. So i guess ten thousand dollars be thirty five bucks a year. Is that right. I think that's about right. three dollars. Fifty cents on a thousand. I think that's right so this is an opportunity for you to do. Investing through the nation's big boys big money houses and their whole business plan is pretty similar to what you'd have if you were with Betterment or wealth front that really started this whole investing idea. And i'm sure neither of them are very happy the goldman sachs through. Marcus invest is playing in their ballpark.
House Financial Services Held Hearing on the Buying and Selling of GameStop Stock
"Services Committee had a hearing on the buying and selling a Gamestop stock of the social media website. Reddit Jaime Roldos Inskeep, the founder of Red. It's Wall Street bets form, says he doesn't expect the trend of short term Trading to stop any time soon because of the success that was seen with Gamestop. Now that these retail traders have gotten the teeth for it, it's gonna be really difficult to put the cat back in on that bottle. Especially now that there's such a huge, huge collective number of them. Answer says It shouldn't be a lot of new regulation when it comes to the stock market in the future. With the
Robinhood and Reddit in the spotlight during GameStop congressional hearing
"The CEOs of Robin Hood's Citadel and read it are going to be on Capitol Hill today. To answer the for the massive swings and MIM stocks before the House Financial Services Committee. New York Democrat Gregory Meeks sits on the panel. He tells Bloomberg. He wants to know if retail investors were taken advantage of Basically that you know, the name of the subcommittee that's in charge is invested protection. Make sure that the average everyday investor is protect that hearing gets under way at noon. Wall Street Time stay with Bloomberg Radio for
"reddit" Discussed on CNBC's Fast Money
"Game soften name see. Wanna get the cape rooting with all the details. Kate i listened to the department of justice has reportedly opened an investigation into whether market manipulation at anything to do with those massive roundups in stocks. Game stop and amc. Federal prosecutors have subpoenaed robinhood regarding this topic. That's according to the wall street journal the journal reports that the justice department's broad section and the san francisco. Us attorney's office are seeking answers from brokers and from social media companies. The doj and robin hood did decline cnbc's requests for comment and melissa. This comes as we report today. A rise in angry customer showing up here the company's headquarters seeing that they're unable to get anyone on the phone. Regarding some of these account issues police records obtained by cnbc show a total of ten incidents of the serbs headquarters. That's from january. Twenty eighth through february nine before late. January department had seen zero reports this year this week. We've witnessed one man kicking and banging on the front door of robinhood claiming that he was unable to access his account. We spoke to another robinhood customer. Who says he drove. Twenty four hundred miles from indiana after losing fifty thousand dollars trading. Nokia says he was locked out of his account. Robinhood did declined to comment but after we reached out they get back to the one gentleman we spoke to say. They result his issue. Melissa these are a few robin hood's thirteen million customers but their experiences really do echo. What we've been hearing from other customers. We've been talking to in the past couple of weeks and some complaints to the ftc. Back to you all right kate. Kate ruining his following a lot of the twists and turns of this story. We should note that Robinhood executives melvin capital executive citadel executives expected to testify on capitol hill of february eighteenth an. Ipo is in the offing robinhood. Dan how this all impacts the ipo that roadshow and that whole process when it's it's democratizing trading but at the ire of a certain participants. Yeah i think at the end of the day. I think we're not going to be saying that. They democratize trading if anything they democratize the use of a customer and how to profit off of them. And i think it's going to be really not great for the right peo- this could be the we work of twenty twenty one. I don't know how you get away or get by this sort of pr issue and if you talked to other the major broker dealers and you hear how many people they are signing up. That are coming from robin hood. I know that there were some stats out there about robin hood downloads. That were still really good from the app store while this was all happening with the game. Stop thing i think when the dust settles you're going to see that the large incumbent so the big winners in this one i am no expert on clearing houses and market structure. But what always seem to be a puzzle to me was how did it get to a point. Where robin hood got. Phone calls literally overnight saying that it needed billions more in capital. And i think that has it signs up a lot of these new users. That's going to be a question going forward carrying what what sorts of infrastructures compliance measures. Do they have in place to deal with this heavy inflow potentially of retail trades. Yes not enough and also it makes you wonder if whatever the whatever the arraignment they had before. If you were the clearinghouse are the you know. Do you need them to put up much more money in the future. I don't know does that affect their business model. I don't know if that's a more broad thing than just robin hood. I think that i mean that. That was probably an all night thing for several nights in a row. And it's sort of amazing you know. My kids asked me a lot about it. And and they were so furious at robin hood not that they have robinhood accounts but that to me though that had to of course been an existential crisis. Or why would robinhood do that. They don't want to shut their customers out. So i don't know if if they do file are we going to see. Are they going to have to tell us everything that happened. During this period we're going to really get the story. i'd want to know that in an s. one. I would find that interesting in the risks. And i don't know i'd love to hear more about this story because there's there's a lot there. Yeah we might hear it when they're on capitol hill are coming up. We'll tell you about some big deal chatter in the social media space hiking trails around it. I in honor of black history month. We are celebrating some of our own. Contributors here's fast money trader bottling ice with some advice for the next generation the next generation of leaders business leaders politicians etc on the side of the camera. They're not sitting here. They're not me not my peers. I want you all to adopt a mindset that you have limitless possibilities and while i understand that you may not have all the luxuries at your disposal. Opportunity met with tireless. Effort will lead to resume. And i look forward to watching the next generation party. They're knowledgeable welcome back to money. Shares a pinterest jumping more than seven percent. Today the t. reporting microsoft recently held talks to buy the company but those talks are no longer active. The ftc says it would have big. Mike microsoft's biggest deal ever with a price tag of fifty one billion dollars. Fifty one billion dollars guy. I think the only one on this panel with a pinterest page. I will go to you on this one. Fifty one billion dollars. Is that what it's worth. Well no because. I think it has a market cap of fifty four billion dollars after the move today. So there's gonna be a deal it's probably going to be north of seventy billion dollars respectfully and listen. The only reason. I know anything about pinterest back through recruits mundus. Come on the show. A number of times he was an early investor and i was an early adapter to the page and i would put my pinterest. Page up there with anybody but in terms of what you're seeing business wise you have seventy percent year over year revenue growth and you have ridiculous. Eps growth at a certain point. That's gonna wayne but it doesn't appear to now so i'm sure microsoft wanted to do it at fifty if they wanna do it. Now it's probably closer to seventy five. I mean when i read the report i thought why does microsoft want pinterest i did. I don't get that. But you know. I don't know where you stand on either. That potential deal tim or pinterest. Well a lot of people questioned what up was thinking on linked in now. It seems to make a lot of sense. When you consider their entire kind of suite of products and like on pinter's also this has been a kind of a sneaky sleepy way to play the housing trade because obviously guy if you look at his pinterest pageit's he's posting fabrics posting You know things. He wants to hang on his walls. I mean it's it's fantastic. I pitchers valuation is another. One of these names that makes no sense. Except for the fact that the scarcity that exists in in call this You know e commerce social media essentially consumption play There's there's there's this is a great story to play Don't own it. Don't expect to own it in the near term but Congrats to rick and people that have been on this ride dan. Yeah i mean to your point you know when you think of the digital ad market they are going to do two and a half billion dollars in sales it's one percent of facebook and google combined so they have to have a plan like they did for lincoln. They're not gonna do this deal and at the end of the day. I think that you should have some of these. Other incumbents looking at some very innovative startups clubhouse which just got valued at a billion dollars. Twitter is being really aggressive on some new services. They're launching clubhouse competitor called spaces on last night. It's pretty cool. I'd keep an eye out for what twitter has to say about new services. They have an analyst day on february twenty fifth. That could be a catalyst near-term all right coming up bumble bouncing higher and it's trading debut but what even is bumble.
"reddit" Discussed on CNBC's Fast Money
"Attendance at walt disney world significantly from q for q one japex saying they're continuing to invest to build out different features of their parks and they said they are very pleased with the reservations and consumer interest in visiting parks. Melissa of course that's going to be in focus as they start to get to be able to increase their capacity in florida and are allowed to open up here in california. All right julia. Thank you julie. Borsen the latest on disney. Which is up three percent after hours. Dia dommie how do you like the stock. How do you like what they said on this. Call well kudos again. I mentioned the last night sort of took a pass on the kudos. I'll give it to her anyway. And tim who've been all over this and so listen. I'm not a huge fan of treadmills and this is going somewhere. Mel by the way suggest indulge me for a second but you get on a treadmill. You go eight miles an hour maybe walk. Maybe put down your honor for forty five minutes but when you get off your exactly where you started and i bring that up because listen. It's great that they keep adding people to disney plus i get it but as rich greenfield amongst. Many others pointed out our food down twenty-eight percent every year i'll tell you what that means because that's the game we play here but effectively a lot of ways that running in place. Now the naysayers will say. That's a bad thing. That's going to lead to decline in stock. And the optimists will say they're going to be able to monetize all those people there all by drew barrymore short with the delorean on it and those types of thing and maybe they'll go mr toad wild ride when the parks reopened. I'm not nearly as optimistic. So it's not a great ride valuations now or at levels where i don't think it necessarily should be okay and then it pick up on that point because i also read that tweet so this past quarter the arp average revenue per user was four dollars and three cents for disney plus and a year ago is five dollars and fifty six cents. Tim should we not care about this at this early stage of growth for disney for the streaming service. I don't think so. I mean i no. I don't think so. And i think you know guy may be like george jetson on the treadmill. I avoid treadmills i. I'd rather be out there and disney's running through the streets right now with with ninety five million and essentially when you add in hulu and espn plus. We heard those numbers. This strategic reorganization is part of the excitement. Here again. this division is up. Seventy three percent during a period when netflix is been in a sweet spot of engaged in couldn't be in a better position disney's outperform the stocks outperform disney from net flicks by almost forty percent since since august. But even over the last couple of years it's outperformed net flicks which we would all certainly agree is also making a move especially in terms of profitability. But again do we care about that. With netflix's should we care about that with disney when also they're showing that they can at least be profitable and their core business through very difficult times on the way out of kobe. So look i understand the profitability issues. At some point disney's got to create their own content. We know that's very expensive. But if you're asking me you know from from an investor's perspective. Am i happy with with the metrics that are driving the stock to move higher and thirty nine times five bucks. A share of two thousand and twenty two is is not expensive when you consider what is being paid for net flicks. So at what point. Karen and i'll go to you and this one. At what point should we care about the quality of these subscriber numbers. I mean the argument would be that disney effectively giving away at service in india in parts of asia and the numbers go up and the are pook goes down. I think well we see similar things with flicks in terms of being less expensive outside of the united states. But to me it. Sort of the. The i guess the the disney story is one of okay while while the pandemic is here. That's been great for disney plus right and just an extraordinary environment to start your your streaming service. So that's really great. However once we reopen and i'm very optimistic on reopening and i'm very optimistic on how parks will do and how they're cruises hotels all of that part of the business that is so important to disney and i wonder i can't help but wonder what kind of drag will that have on the momentum of disney plus four around the valuation around disney plus. We don't really hear much about some of the rest of the businesses. The media businesses. That is that you know we we saw. I think it wasn't as bad as i thought on court. Cutting fees going up a little bit but there's that part of the businesses. Well plus they do a lot of debt remember from the fox of transaction. So all that having said it's great company it should trade at a premium does too much for me and i've missed the run here. I'm going to be a buyer tonight at one ninety-six yeah we spent the past. I don't know what's six minutes. Five minutes talking exclusively almost on the streaming service when the parks are really a bright spot in this earnings release in the context of better than expected and dan. If we are to believe that there is going to be a sharp reopen. I mean the biden administration just announcing moments ago. It is secure two hundred million more vaccine doses for distribution the united states. Then that could be a huge boost to to the stock. Well it could be a huge boost to the company right so look at what the stocks doing. It's gonna take two hundred dollars probably tomorrow morning on the opening right. It's up fifty percent right now from when they reported their last quarter's results in november. It's up twenty percent in just the last few weeks so it's one thing to talk about the fundamentals of the company and what's offsetting. What for me. what. I think is really interesting. Is what's baked into the stock right now if you look at the market and you look at other areas of the market that are anticipating a better than expected or sooner than expected reopening than it makes sense but at some point this trading about forty one times next year's earnings twenty twenty two. They will not get back to their peak earnings in two thousand eighteen..
Disney smashes streaming subscriber expectations
"We start off with disney delivering in its latest company smashing streaming expectations the stock higher in the after hours session. Let's get straight to julie abortion. Who is fresh off that disney call julia. Melissa earnings call underway right now. The stock up nearly three percent after the company exceeded expert expectations on the top line in reported a profit rather than the loss analysts anticipated. Now the two key areas in focus parks and streaming both outperformed expectations disney's streaming business outpaced projections going to ninety five million disney plus subscribers and one hundred and forty six million total direct. To consumer customer is now that includes hulu and espn plus that division grew revenue seventy three percent from the year earlier quarter especially pleased with the success of our correct. The consumer business and our recent strategic reorganization has enabled us to accelerate. The company. Said it was a dc first business model and further grow our streaming services disney plus has exceeded even our highest expectations. Meanwhile the parts visions revenue dropped less than anticipated down by fifty three percent the company announcing that covert has headed two point six billion dollar impact on the parks divisions operating income as a result of closures and reduced capacities. Where we've been able to reopen are with limited capacity guest have consistently demonstrated a willingness and a desire to visit which we believe is a testament to the fact that they feel confident. In the health and safety protocols we've put in place average daily attendance at walt disney world significantly from q for q one japex saying they're continuing to invest to build out different features of their parks and they said they are very pleased with the reservations and consumer interest in visiting parks. Melissa of course that's going to be in focus as they start to get to be able to increase their capacity in florida and are allowed to open up here in california. All right julia. Thank you julie. Borsen the latest on disney. Which is up three percent after hours. Dia dommie how do you like the stock. How do you like what they said on this. Call well kudos again. I mentioned the last night sort of took a pass on the kudos. I'll give it to her anyway. And tim who've been all over this and so listen. I'm not a huge fan of treadmills and this is going somewhere. Mel by the way suggest indulge me for a second but you get on a treadmill. You go eight miles an hour maybe walk. Maybe put down your honor for forty five minutes but when you get off your exactly where you started and i bring that up because listen. It's great that they keep adding people to disney plus i get it but as rich greenfield amongst. Many others pointed out our food down twenty-eight percent every year i'll tell you what that means because that's the game we play here but effectively a lot of ways that running in place. Now the naysayers will say. That's a bad thing. That's going to lead to decline in stock. And the optimists will say they're going to be able to monetize all those people there all by drew barrymore short with the delorean on it and those types of thing and maybe they'll go mr toad wild ride when the parks reopened. I'm not nearly as optimistic. So it's not a great ride valuations now or at levels where i don't think it necessarily should be okay and then it pick up on that point because i also read that tweet so this past quarter the arp average revenue per user was four dollars and three cents for disney plus and a year ago is five dollars and fifty six cents. Tim should we not care about this at this early stage of growth for disney for the streaming service. I don't think so. I mean i no. I don't think so. And i think you know guy may be like george jetson on the treadmill. I avoid treadmills i. I'd rather be out there and disney's running through the streets right now with with ninety five million and essentially when you add in hulu and espn plus. We heard those numbers. This strategic reorganization is part of the excitement. Here again. this division is up. Seventy three percent during a period when netflix is been in a sweet spot of engaged in couldn't be in a better position disney's outperform the stocks outperform disney from net flicks by almost forty percent since since august. But even over the last couple of years it's outperformed net flicks which we would all certainly agree is also making a move especially in terms of profitability. But again do we care about that. With netflix's should we care about that with disney when also they're showing that they can at least be profitable and their core business through very difficult times on the way out of kobe. So look i understand the profitability issues. At some point disney's got to create their own content. We know that's very expensive. But if you're asking me you know from from an investor's perspective. Am i happy with with the metrics that are driving the stock to move higher and thirty nine times five bucks. A share of two thousand and twenty two is is not expensive when you consider what is being paid for net flicks.
Disney smashes streaming subscriber expectations, boosting segments hurt by Covid
"We start off with disney delivering in its latest company smashing streaming expectations the stock higher in the after hours session. Let's get straight to julie abortion. Who is fresh off that disney call julia. Melissa earnings call underway right now. The stock up nearly three percent after the company exceeded expert expectations on the top line in reported a profit rather than the loss analysts anticipated. Now the two key areas in focus parks and streaming both outperformed expectations disney's streaming business outpaced projections going to ninety five million disney plus subscribers and one hundred and forty six million total direct. To consumer customer is now that includes hulu and espn plus that division grew revenue seventy three percent from the year earlier
Lawyer tells judge 'I'm not a cat' after a Zoom filter mishap
"The hard way how to remove zoom filters after one made him look like a kitten. While court was in session and the now viral video attorney Rod Pontin was unable to figure out how to remove the filter. Even with the help of his assistant, I believe you have a filter. Turned on in the video settings. You might want Tohno here live. That's not I'm not a cat. I can I can see that. The animated kittens, white eyes and tiny mouth removing is the lawyer frantically tried to troubleshoot the filter feed Turn after 30 seconds found the remedy. This happened during a trial of a man accused of trying to leave the U. S with contraband. Well, the Reddit trade has
Musk's Tesla says it invested $1.5 billion in bitcoin
"It was just about twenty three hours ago. That a tesla regulatory filing revealed that the company bought one and a half billion dollars in bitcoin and said that'd explained to accept bitcoin as payment in the future for cars since then. The price of bitcoin has soared setting a new high at around forty. Seven thousand. five hundred dollars. That's right forty. Seven thousand five hundred dollars even after the gains. We saw yesterday up by about another five point three percent today. We're also watching. The price of does coin shot higher after supportive tweets by elon. Musk rapper snoop dogg and kiss rocker. Gene simmons but android guests that. The biggie here is really elon. Musk matt levine. A columnist wrote a really interesting column. About how in the market these days it's not fundamentals that are driving things but proximity to elon. Musk and i thought that was pretty accurate. Given some of the swings we have seen recently oddly enough. He is not automatic right but oddly enough he is right in this case. Oh evan just proximity proximity
Reddit's Valuation Doubles to $6 Billion After Funding Round
"Doubled its valuation of $6 billion after raising more than 250 million in a new round of funding funding. Read it says CNN blogged Post that advertising revenue increased. 90% last year. In the most recent quarter forums on Reddit played a big role in the recent trading frenzy that ran up shares have gaming chain game stop this morning. U. S futures
Understanding the GameStop Stock Market Drama
"Markets have been shaken again over the past two weeks as Reddit Day traders boosted shares of companies like game Stop. And sent short selling hedge funds running with long short funds losing 6% overall last month, and Melvin Capital alone, plummeting 53%. But most hedge funds emerged unscathed. And Steve Cohen's 0.72 even attracted $1.5 billion in new money. Here's sweet that Ramachandran, GAM investment manager, I assume hedge funds are probably reluctant to short small cap stocks right now, if the fear that the Reddit brigade might be behind those, But by early this week, game stops to the moon rally started to come back toward Earth, and not even the reddit flash mob or changes the top of the company. Could get the irrational exuberance going again reminding us why hedge funds and short sellers target companies like Gamestop investor that gets caught in the up dressed on that and doesn't understand that investing well, it looks like it's all going up to the person to click the last by understand that that could happen to them that quickly. That's former e trade financial CEO Carl Rossner. I ask Council on foreign relations senior fellow Sebastian Mallaby, if anything will fundamentally change. In the hedge fund world. I don't really, I mean, I think that hedge funds which of course, go back to the sixties, at least have proven to be an amazingly robust platform from which to think creatively about risk. Ondo. They adapt. You know they get new stuff yesterday in their ways when they began, there was no such thing as trading currencies because turned his world fixed it together one mark, it's hardly existed. You have to trade stocks by appointment on. They adapted all the way through that, As everything changed the authentic thea advent of reddit the advent of Robin Hood. This is just the latest iteration of the long, long history of financial innovation, and every time hedge funds figure it out. You also have regulators trying to figure it out as it were, after the fact we have the Treasure Secretary Janet Yellen now saying She's meeting with regulators, saying, We need to take a hard look at this about the volatility and whether this might actually put in jeopardy. Some investors. We also have hearings in Congress coming up. Do you expect there might be some tweaking, at least to the regulations? I think with respect to Robin Hood on the fact that it had to close down Access to trading on second stocks. That's the kind of market interruption which regulators order take action on. You need the infrastructure of trading to be reversed you, you know you need to look at the plumbing, and some regulators put it. And so the back part of the system will definitely because they're fresh. Look, What about on the short selling side? There have been proposals as you know, well for short, so staff to disclose their positions, individual positions, which is done is I understand in Europe. Do you think there might be a renewal of that call? And by the way, why do we have to disclose on the long side and not the short? I'm not sure, Actually, that hedge funds do disclose on the long side unless they buy more than Disposable fresh over believe it's 5% or something off the company so you could get away with a lot without disclosing. I think you know when you Taking a really big position. Probably there's it becomes a systemic threat to you. You know, you might blow up if that position where to go very badly wrong on so regulators to care about the soundness of the system ever all Have a legitimate interests, but I think it's more positions shouldn't have to be disclosed. But we certainly had some large hedge funds who took a big hit on. I wonder whether that did suggest it could be systemic risk here. Well, the beauty of hedge funds is that through their long history They've proven to be smart enough to fail. Not too big to fail, they actually can blow up and people often cite long term capital management in 1998 Aziz. The big exception actually, if you go back and look at that incident The New York Fed convened the banks to recapitalize them, but no taxpayer money. Zero went him. So freestanding hedge funds. I'm not counting here, the subsidiary of best stones that went wrong in a rage. Freestanding hedge funds have never had a taxpayer bailout mills in capital has not needed to taxpayer bailout. That's the good thing about hedge funds.
Has the Reddit brigade found a new target?
"Wines. Have the read it. Traders found a new target guidance. This is certainly an interesting space to target. It is very complicated. it is very technical. And in many instances not very liquid. And it's very binary and there are a number of these names that have huge short interests as to add so it's oil it's all of those are sort of the all the things that i think people on this platform the read it platform would be looking for then. You mentioned cassava so quickly you talked about the volume traded. I think over the last three days today obviously included trade about one hundred and eighty million or show shares. I mean it's just amount of volume over three day period given its historical norm. And you've seen the stock go from about eight dollars a share. I think it traded at one seventeen today and reverse and reverse in a meaningful way. But this isn't just the red it crowd. I mean they actually had data come out a couple of days ago in terms of the alzheimer study. There was pretty positive. I think that field this as well. The concern i would have here and i'm not endorsing. I'm i'm not making procon statement of any of these names. We're going to talk about. But they did a secondary back in november from that mistake in november thirteenth. About eight million or nine million shares secondary around eight dollars a share. Be aware that for a lot of these companies given the stock price move. This is an opportunity for these companies to do secondaries. I would imagine you'll see one here in another name that you didn't mention but is a big enough market cap that talk about not necessarily a biotech company but falls under those parameters as named like vera site which is at another ridiculous move. You can pull that one up as well. i think. it's v. C. y. t. If i'm not mistaken and there's talk that maybe a secondary might becoming there so just be aware that a lot of these stocks have had tremendous runs but you know secondaries are looming out there. Potentially you can obviously see what could happen to the stocks in the midst of one very binary a lot of these names. Just be aware of what. You're getting yourself into again quickly. The way to play this all along the slow and steady ways been the. Yeah brian kelly. What do you make of this
"reddit" Discussed on The Vergecast
"There's a lot of shorts. in tesla. He sold literal short shorts to make fun of the shortsellers of tesla like he has created a culture of hating shortsellers in short positions in stocks. And there are a lot of people in my twitter timeline saying that shorting stocks is immoral and should be illegal. I actually really disagree with that. And i'll tell you why. I'm probably going to get a bunch of people yelling at me but whatever i think. This is true. So one of the functions of shorts in the marketplace is to uncover fraud and so very famously shorts were onto enron before anybody else was on to enron And this has happened in a number of stocks where a short seller has looked at the numbers and gone. That can't possibly be right. Shorted the stock done. A bunch of research and triggered an investigation that showed that showed like sure enough. There was fraud so i view them as like a corrective but not necessarily popular force in the market. That makes sense like they. Potentially you know can keep us from losing our shirts and the fact that they make money on. It is what makes people unhappy. I think the accusation or the thing that's floating around here is that sometimes shorts are more than just you know the heroic loan investor who who sees the problem. See sometimes it's it's like a concerted effort by a cabal of wall. Street bigwigs to Bring down a company or to like if someone starts a stock it eventually becomes self fulfilling prophecy that oh well. This person says it started that stock there for that stock. Must be bad. And that like eventually like kills the thing is is that just. There's lots and lots of ways to do. Terrible things with stocks and short just happens to be one of them or is there. Is there some sort of special. I don't know if vulnerability or concern there. My sense is a short. Just one way to do shenanigans. Yeah there's an infinite number of ways to do terrible things with stocks like. I don't think we've even come close to figuring out what all of them are. all right. the other thing. That i will say about shortsellers is that they put their money where their mouth is. Because you remember the iphone like metaphor. i just used with you. I'm still wondering where my iphone. I haven't logged out i message. It's like a problem so let's say instead of apple cutting. The price apple raises the price. I still have to give you your iphone. That i sold back so i have to go by at that more expensive price now. The thing about that is that if you're short seller and this is a stock in non iphone like your losses earth theoretically infinite like the higher the stock goes the more you lose so you can say like shortsellers. Maybe are bad for the market. But they're putting their money where their mouth is because if they're wrong they stand to lose really a lot so this this brings us to wall street. Bits right shortsellers potentially losing. Everything is the underlying mechanic of what is going on with the verge keyword combo platter of read it. Read it robin hood. The internet social media. Moderate like you pick a verge keyword. It's in here somewhere. There are a handful of gigantic investment firms hedge funds. Who had shorted game. Stop stock massively right like more so than stock existed. That's right and they had been using it kind of as a cash register because typically for the last couple of earnings whenever game stop reports its earnings. The stock goes down because know the problems with the business we laid out earlier so you know it was like kind of this like thing where i think people got a little careless and they got a little comfortable with like. Oh this is a reliable way of making money is that this dying company is going to post bad earnings and that i'm going to make money so then there's a group of people on reddit who seed this is happening. And the short seller's. I think the most important character. Here is melvin capital right So there's a short seller melvin capital. That's deep deep deep deep into game. Stop rather see this in the sub. Reddit wall street bets. What was the inflection point where they went from. We can invest in game. Stop and make some money to. We're gonna destroy melvin capital. That's a really good question so this is a little bit of a mechanical answer. So you remember how. I just explained that if you're a short seller your losses or potentially infinite one way to stop that is to buy back the more expensive iphone before the stock or the the price continues to rise right so if you see that the stock is going to go up and you think it's gonna go up for a while you close at your short position which is called covering your short you make loss but at least it's not the worst possible loss but because you have to go on the market to buy the stock back you send the stock up farther okay. That's called a short burn. Basically and it creates a sort of a situation with the stock keeps going up and potentially burn other shorts right. There are also a couple of ways that you can work with options trading to ensure that the stock goes up and this is where it gets a little complicated. And i'm going to walk you guys through it and you can tell me if it makes sense or not but there's this thing called a call option so if you're feeling confident in let's say game stop you can buy a call option which lets you buy a stock at a specific price on a specific date. Okay and the way that this works is. Let's say the. I want to buy a call option on a company company x. all right and the shares are trading at. Let's say ten dollars. But i feel really confident about this. I'm sure that the stock is gonna go up. I think it's a great business. So i buy options that let me buy one hundred shares of company stock for. Let's say twenty five dollars on march first okay. This contract is a lot cheaper than just buying a share.
"reddit" Discussed on The 3:59
"So for those listeners. Who have not been following this straw closely. It just gives us a quick run through exactly is going on with gabe. Stop stock wise surging. I have to save for for once. I am so happy. And so thankful that i got such a good financial education from reuters and the wall street journal because oh my god essentially what is going on is that there were a bunch of people who are investors on wall street. Who bet hard against game stops future. They had actually bet so much that they had overplayed their hand. And what's really interesting. Is that a bunch of people on the internet on. Reddit realized this bad bet was going on and thought. Oh well wait a minute. We get the price to go up. Just enough wall street will have to recalibrate its bets. And that's essentially what's happened. It's called a short squeeze and The result has been unbelievable. These prices going from last year in august. It was around three dollars and fifty cents a share all the way up to four some four. Sixty four ninety. It's unbelievable and of course now it's very volatile right because it's it's up in that it's down and we're talking about like losing half doubling losing like. It's absolutely ridiculous. But i think what's really interesting about. It is this huge battle between institutional investors are at these people who are on wall street in are are kind of not only that but also seen as the smart money in the room completely against these people on the internet who are often seen as as kind of the the idiots right the people who don't know what they're doing and just you know they make money on the wall street. They're they're just lucky. It's really fascinating to
"reddit" Discussed on This Week In Google
"He said it was using bar with the stock. Aren't you you're the stock. I'm sorry yes. So the the bet is it. Goes down in price so you borrow against the stock at the high price and then when it goes down it back at the low price and yeah but if you bet if you make that bet and the stock price goes up you have to. They do a margin call. And you have to pay to stay in your short and you. That's real money you're paying out. And that's what happened with hedge funds and that's how they're being bankrupt because instead of the stock for stock followed game stop falling. It's going up in the hedge funds. They're being called on their margins so he's is called. This is called a squeeze so when you squeeze the shorts and live the terminology. Squeeze the shorts. You force them to sell. But when of course that pot props up the stocks the stock price goes up because the squeezed no quick quick get out of the stock and it goes up so and And this has been caused called the squeeze of a lifetime. The readily folks and this is a a reddit. Sub reddit called wall street. Bits slash are slash wall street spell out street bets and What the read it. It was kind of conspiracy to squeeze the shorts. They said what we could do is is is essentially. It's a mean with real money behind it so These these guys basically squeeze the shorts force the price up. Some people probably made a lot of money right. If you weren't shorting it. If you're going long in other words what most investors do buying the stock expecting it to go up you. Would you would have made some money. The sec which is basically at this point going a.
"reddit" Discussed on Liberty Talk FM
"Once held launch night parties for the biggest annual get video game releases. But it's seen its business fall off a cliff in recent years due to digital purchasing, and the decline of malls nationwide. Enter the short sellers put simply, hedge funds looking to capitalize on failing businesses can borrow shares in a company immediately sell them. And ideally by them back later at a lower price to pay back the original lender, while pocketing the difference should the price rise. However, instead of fall, these funds have to pay back the shares at the new, higher price. Now, what's not percent for perspective on this the price of a single share of Gamestop last year? I think in August was like $3.0. Yeah, this thing has been Gamestop and I'm not. I'm not a stock person right? Like I don't spend any time following stocks. But I happen to know that game stock was doing bad cause I watched this video game podcast on some of the new consuls Don't even have disk drive, right? I mean, Microsoft and Sony have been trying to get away from used games forever, right? That's why they started with launch day deals. He and crap like that on disk to encourage people to move to downloadable or just by the game directly. I mean, they don't want you to be. They don't want to people to be on a play the same game. You know, they want you to have to buy another copy for the second person You can't share right came in that way. That's a greedy and they think you're stealing from them. If you sell the game to game stop and someone comes along and buys it later, though, You stole from us. Now. Two people got toe, but only there's still only one copy of the game and circulation, right? It doesn't matter if I let my nephew play one of my video games. I'm not stealing from that. I don't have to buy a second copy. Apparently, it matters to them. Yeah, well, they're idiots who believe in intellectual property. That's a great point s o the thing that I'm not clear on And if you're like one of these stock expert types, and you can answer this question is At what point when the stock price goes up. Do they have to repurchase it and give it back to the original lender? Is it like immediately or is it within a certain percentage or is it you know? How did they figure that out? Because the stock price has been shooting up on game stop because of this. You know activity by this Reddit group from one of these stories that I saw they pretty much should do it immediately, because if they don't the price target just continue climbing and they're going to lose out. But I don't think there's an actual heart limit. That's sort of what the issue here is. Is that so much of these people on reddit control the game stops stock on there, refusing to sell it to these hedge fund people They're like, No, we're not letting you buy this. Oh, just say they gave feedback cycle that is just driving the price higher and higher and higher. Hold on. You're saying the buyer's on Reddit? Yes, that the people who have the game stock shares. They're buying a ton of these shares, presumably the ones that were originally being sold by the very hedge funds or whatever. And then when the hedge funds go to buy it back, there's like a dearth of availability. There's not very many in the market for sale it all right, And the longer they hold out on selling the higher the price is going to get until eventually they would play. Okay. You know what? We're at $3000 a share. Sure, I'll sell you my share. And isn't it hundreds of dollars right now. I think.
"reddit" Discussed on Side Hustle School
"For. Neil patrick the decision to start a side. Business wasn't just so he could quit his day job and travel the world while still having an income and that was part of it but it was also a decision guided by his desire to provide for his parents. You see for thirty two years. His parents owned video rental stores. Do you remember those. But of course the industry was on its way out in this was the mid two thousand. Ten's whatever you call that decade the mid two thousand ten's. I'm not sure but those doors weren't doing well around this time. Neil who was working fifty to sixty hours a week decided. He wanted to start a service to help parents as well as himself. He tried a number of paths as he tried different side. Hustles creating an ecommerce. Site blogging about pet hair vacuums and more before stumbling across a post on. Read it from someone who started cleaning company in that post the author laid out the detailed steps taken to get going after reading through the post carefully. Neil decided to give it a try himself in early two thousand thirteen. He established made this in los angeles cleaning. Service that specializes in airbnb and residential. Cleanings his first step in doing so was creating a website tall task because he had no technical background. You'll bought a template for about one hundred dollars researched how to host a website and published. What he said was initially pretty crappy looking site. Hey we've all been there. Y'all needed to determine how much to charge for cleaning services and find a cleaners themselves. He started by contacting local people with existing companies and asking them how much they charged and with their cleaning packages. Were looking at the competition. He was able to make sure there was enough margin built into his service to ensure he could operate successfully he puts it from the reddit post to the pricing scale. He essentially started made this by copying what other companies were doing at least as a way of getting things up and running although he had software to charge customers. You'll didn't know how to pay the cleaners at first. So after they got done with an appointment he would have them come to his office where he'd run downstairs. Get cash out of an atm and hand it to them eventually. He figured out a better way. Overall it took two months to get up and running to find customers. Neil focused on digital marketing. He says local marketing a gem because you're competing against local businesses only not the entire world. So it's a bit easier to manage. And it also cost less as i customer came about july twenty thirteen which he remembers because he snuck outside from his full time job and started dancing. Another advantage to local markets is that there are many third party platforms. Like angie's list or thumb tack and neil would charge a low price at first to attract initial customers. You also tried posting flyers and using social media although he says that wasn't an especially useful marketing tool for him since people don't usually by cleaning services that way. These days made this mostly generate sales from a combination of sco yelp and paid digital ads. Because he wanted to eventually quit his full time. Job and travel. You'll established made this so they could be operated by a fully remote team of employees which includes his parents. Total investment cost was around two thousand dollars which included his website. Those digital marketing ads and advertising for cleaners operated the business part time gig for two years by two thousand fifteen. The business was doing around thirty thousand dollars in monthly sales with twenty percent profit margin so six thousand dollars in monthly profit with a success. Quit his job and booked one way flight to colombia. The business doubled that year and he's since traveled to more than thirty five countries while scaling. What was once his side. Hustle looking to the future neal is aiming to be the millennial franchise disrupting the old school cleaning franchise industry.
"reddit" Discussed on Side Hustle School
"A qualcomm believe in staying connected and you can see us wherever five g is helping transform telemedicine supporting remote education empowering mobile. pc's the invention ages here learn more at qualcomm dot com slash invention age inspired by a post on reddit. a los angeles man picks up the knowledge to start his own cleaning service. Because you know how hard can it be right. Well i'm not saying it's easy. But for a lot of traditional businesses there is a pretty clear path to follow and while normally all about encouraging people to chart their own. Course be a pioneer to. It's your own way. Ultimately everything comes down to your goals so the guy in this story he wanted to create a sustainable income to support his parents and eventually allow him to travel the world. So that's exactly what he did. Welcome decided school. My name is chris. Keller bo what are your goals. What are your next steps for those goals. As we looked at the new year what actions will you take to get closer to your ultimate objective. My hope is that everything we do on this. Podcast will be helpful and inspiring to you. Perhaps get you thinking about an idea or perhaps give you some encouragement for an idea. You're already working on and if you're like me it's the end of twenty twenty and you're like i'm ready for the new year. Well i understand that too. So let's do what we can to create a good environment to move forward with a better twenty twenty one all right. This story is called. Red post inspires airbnb cleaning service. The stories coming up after this quick message from our sponsor thank sponsor. You finally decided to learn how to ice skate. So you order the essentials. Every ice skater needs a pair of blades. A new helmet hand. Good set of kneepads and you used your bank of america. Cash rewards credit card choosing to earn three percent cash back on online shopping rewards that you put towards the cost of an essential piece of post skating recovery heating pad visit bank of america dot com slash more rewarding to apply now copyright twenty.
"reddit" Discussed on Recode Decode
"Moderators? Anyone could create any sub Reddit which is a section of read it for any topic. But then they would be in charge of maintaining that speech. And keeping it could do it on any topic. Yes. Giving samples. Oh, I love life protests. You know, there's also unethical life protests. You know, there's sewing communities there's makeup tutorial communities. There's you know. Oh, anything under the sun. Stapling use the bread to these moderators which are to in order to call the service, essentially. Yeah, exactly keep it clean issue. I mean, be modernised could make their own rules. Right. There's pornography communities, they they weren't trying to keep anything clean. They were trying to keep a dirty, right? But, but those people were then, you know, in charge of their little subsections and could elevate issues to the red at staffers once read it had any real staff which years, you know, but they were sort of this this little like window into community management. This little guardian ship layer that Facebook never had right exactly Facebook was highly organized suburbs. And it was it was run by Facebook, essentially, and this was run by the people who were there and the moderators who had our sure the moderators. So they did this for a while. And then sold right. They have certain funding who's the original funding from Paul Graham was original? Like, here's a tiny. Check keep missing running by some pizza. You know? And then they were. Quoted by Conde nast and acquired by them sixteen. What did you think you're always like, well, I thought it was ha, but you know, speaking to crush karma Connie who is the the the guy who is is clearly hired by Steve Neuhaus in new. You said go get some digital properties for us. He thought he would be buying things like the sort of female shopping so shell sites. I remember telling them, you know, I wanna porn on their dirty Steph and a lot of racist. I remember they were not aware for some reason we're aware, but weren't highly aware. Yeah. Sure. I mean, I think it amounted to about ten percent of it was read it. I was still it was it was there. So they bought this. And and the idea was that it would be a community site that would attract things to their content. Yeah. And it would sort of be adjacent to to wire dot com, and they could with those two properties track audience of. Yes, exactly, which he also acquired at the time actually dot com of wired. Right. And you know, they thought we'll have these two communities of young. Men that's a huge audience. It's powerful. And you know, sure enough through the years like the gaming communities on Reddit alone are just the a very powerful community of young dudes bitter talking about game gaming talking about moving and you have to remember. There was an early in the early internet can bulletin boards. Were the most important thing is people talking that was where it really began a long ride internet activity was around AOL was the same way was bulletin boards on AOL or chat rooms in that case where people would gather and discuss and trade information, essentially, whether it was gazer gamers, or whatever was right or or now, there's a Reddit community called gamers. That's a good one. It was they were self organized communities in the other context, they were policed a little bit at some of the more some of the we'll chat rooms were not right at which was problematic when it came to pornography and other things and they got in trouble for that. But read it was a free for all was really thought of a free for all. It was definitely thought of as a free for all. And as the years went by. There was the the sort of idea that the company was founded as freedom from the press allowing users to determine what's on the top of the page rather than editor in a high tower all stories from the press, right?.
"reddit" Discussed on 1A
"But it also allows you. Users to display their darkest ideas and thoughts without really worrying about societal and ethos pressures Renate arrest. I wonder if you could respond to Galvin I have I have never found out a nominee to be the problem. And that's because there are plenty of people who are willing to say absolutely reprehensible things in true name on the internet. Also. So I think that that's one of the areas where there is a balance to be struck there. I think on read it there is a lot of these a lot of these folks that people would consider a serious trolls do come back using the same pseudonym. So while you might not know exactly who they are. They are familiar with who the persona is. I've never felt that a return to universal true name policy is, you know, any kind of magic magic bullet for stopping these things Facebook, for example, did have a true name policy. And I think that in some ways that made people less suspicious, and and and more trusting of the kind of propaganda and kind of malevolent manipulation that happened on the site in part because it was. Happening ostensibly in the in the, you know, the true names of real people Twitter also has anonymous speech and sued anonymous counts, I think it's just a matter of really getting your moderation house in order, and deciding what you're going to do about them. It is worth noting the true name policies. Don't work for everybody. The Facebook got into a lot of trouble with transgender people who were forced for example to listen name on their birth certificate as opposed to the name that they have identified for themselves that matches their gender identity. So you know, every policy has has pros and cons. But I kind of wondering what you make of how read it has thought through that line between saying something darker hateful and saying something that gets you band. I'm not totally sure where that line is for them. I think to some extent the Mods are much more empowered on it. The they have a lot more leeway to kind of set the norms in their own community to decide what's considered a, you know, a an acceptable degree of of respectfulness or adherence to the kind of sub Reddit code of conduct. I'm constantly amazed that the the the battles over censorship. You know, the censorship. The idea that that moderation is censorship. Doesn't seem to happen. Quite as much on read it at least on the communities that that I participate in it sort of a while you've been moderated, and you know, that's sort of the end of it as opposed to on Twitter, where any, you know, any tweet that comes down leads to house the censorship for for days and weeks, I wanna get gene to respond to this. When we come back with our conversation. And then later we'll hear from a Reddit user who helped identify Iranian propaganda efforts on the site. We'll continue this in just a moment. Stay close..
"reddit" Discussed on 1A
"But if you are a woman on social media, it should it be the cost of doing business that there's a little veil of harassment or misogyny. It's it's disturbing and the communities on Reddit, which are mostly self policing. I do not think to a good enough job to make it a a welcoming place for women at all times. Renate arrested. We should note also with regards to read it one of the core tenets of the site used to be really aggressive kind of free speech zone. You know, we hear Mark Zuckerberg who's the co founder and CEO of Facebook talking about the goal of Facebook is to make the world. More open and connected. That's their stated mission read it. However, reneged really seems to double down heavily. Early on being a very hands off free speech zone. Right. Yeah. Well, Twitter used to also use the phrase where the free speech wing of the free speech party. So this is sort of part of the doses of Silicon Valley and tech culture. And and the idea that for a very long time particularly on Reddit where there's an actual voting mechanism. There's been the idea that that good content will rise to the top. And that you know, as as others have noted that most of the suburb. It's are really fantastic places where people are gonna find amazing information in the front pages. Where incredible news stories and human interest stories, and memes and things are going to bubble up to the top. I think it's I think it's a balance I think that at the same time over the last over the last few years, maybe the last three the platforms have also realized that complete laze fare hands off approach is not necessarily the right answer either. And that's because there is a both things like kind of false in enough ending actors manipulating communities. Nobody wants to be part of a site where they're being actively manipulated. So so getting it, you know, how to how to get a better hand. A better handle on the disinflation peace has been a part of that. And then also how do you think about maintaining healthy communities? What is the role of moderation? What is the role of of of communities? You know, how do you let them set their own norms? But at the same time recognize that they do have an impact on the kind of overall brand of your site. We're glad to have gotten a lot of your stories with many different kinds of experiences. Joining all kinds of sub. It's in groups here is what two of you left in our inbox. Andrea calling from Raleigh, North Carolina. Am ready user, poppy caso from ashville, North Carolina? I still think that it's a great place for those sub read it to come together and talk about similar interests tremendously positive impact on my life. It was sound port to me, particularly in the RX Mormon sub read it when I was transitioning out of the faith to stop drinking sub read it has been a huge part of my recovery. And it's just great to have. That nationwide. I've really worldwide support amazing community of one hundred and forty thousand people who are seeking support from alcohol addiction. It has a really cool feature where we're able to apply.
"reddit" Discussed on The Upgrade by Lifehacker
"Um but i will say there are a lot of communities and conversations on reddit that are based round health issues of them were working on an episode right now with someone who has for lack of a better term and invisible illness she hasn't illness that is incredibly painful um i think the nickname for it some people called the suicide disease because people kill themselves 'cause they're feeling all of this pain and nobody knows how to fix it and this person has found some level of answers on the site and again like this is not a service that pretends to be an official surface right in there some trickiness there but there's like an amazing level expertise in certain communities that you can really tap into tell us about what an and as he did when recently yeah so amei stands for ask me anything and sometimes people will phrase it i am so like i am an undertaker ask me anything in in interesting example the video gap superpopular on reddit of a weatherman doing like just like kind of like an amazingly informative north explainer of some like crazy whether that was happening that red circle closest to the middle that's the i wall that's where you find the winds of one hundred eighty five miles an hour but notice it has a second i wall where you still will find intense winds likely over one hundred miles an hour indian can when you were viral on reddit and then he did in ama so like he got superpopular and then he did name a and all these people had a ton of questions for him about like how he got into the work that he had gotten into an mike you know sex workers have done a amaze and then bike celebrities to amx it's interesting way to just have a really direct conversation between writers and people of interest in 2015 the daily beast said it is not so much that generic front page of the internet.
"reddit" Discussed on The Upgrade by Lifehacker
"Personal finance will recommend like home steadying oh yeah on the right hand side yet totally that's something that's interesting to see because reddit communities are are basically organized by volunteer moderators and those moderators will often put the rules on the right hand rail and they will also put others have red it's her separate its third or connected to the same topic and sometimes there are hubs so like someone will put together like a massive list of sub red it's that are all kind of around one topic cringes so far as that participating on reddit shirt and interacting with other people what's up voting it's very similar to liking something on facebook in some ways you're basically saying i like this and that helps to surface that content for more people and what a bad karma karma is like points just for like good times the more you interact with the site the more karma you get you get more karma when your stuff up voted you get less carmona's downloaded one thing that users seemed to use karma four and i think this is again this is not necessarily something that the administrators even like planned four but it's something that seems to happen basically like if you're a user and you post something and another editor is deciding whether or not to interact with you they might look at your carman say okay this person is like they're engaged in the community they've been doing this for awhile they've posted things before this is not just some random person trying to do something that i don't actually want to interact with so the moderators our volunteers who are making sure things don't go totally off the rails rate remains at their main function like any sort of internet based community around a given topic the moderators help to kind of defined the rules of the road but they're not all playing by the same rules right and those rules really differ from community to community as an example.
"reddit" Discussed on TechFan
"According to um a reddit user in a now deleted post of course uh he wrote i preordered tara rag narok on hulu yesterday and it links it to my eye tunes also but curiously shut up a my items library this morning preorder shouldn't and now i can watch the full moving hd he then wrote i obviously downloaded it right away i know supposed to come out february 20th others responded that going that same purchase route made the movies available to them and i tunes as well so a month before you can legally get it some snafu happened tonight tunes that since you linked at from voodoo meaning that you can also watch it it's this whole crowd you buy at once you can watch and multiple places um if you link all the stuff together and how you do that i'm not really sure somehow it it's done in youtube for me because everything i purchased on i tunes is also in my purchased library on you too i i don't know why youtube has all my movies so cool that's it's convenient convenient results like condit freaky it is and i don't know how it linked everything but i don't really care but here's the thing of course since this happen you know the the natural consequences of this yes of course yet does that mean eat as soon as a ditch op event is available to people then it gets a compromise in string tunnel the part size yep it's and i went and shocked on the pirate bay.
"reddit" Discussed on CRYPTO 101
"Asked updated dates in if its recent and it seems like their ongoing that stephanie good sign if there's nothing there that's a serious red flag yemen in another place at like the czech information about different coins are different projects is read it read it has an amazing site where a lot of people are on their just talking about you know like quaint you can go to our lay coin and his here a most of the time from the developers people involved with the project and you know really get to learn about these coins the community because in my opinion the community is one of the top of things to look for if it is a good community you know they're working hard for example bitcoin community sorry yes suck my opinion you go to our because on reddit there's this update is crazy over there but if you go to something like ahrvard coin they're very welcoming in there are trying to create a great community that is is in support of his coin i definitely always always check out reddit communities that's how i discover new coins if the red it community for a coin is all gist people saying this is why you should get in just take it a step back and make sure it looks like something legit always use common sense when looking at read it and don't buy something just could someone says it's going to be hot i also like to go to their slack their discord or a telegram and just talked to them directly a lot of these coins or communities for these currencies or applications on the block chain have their own communities regis reach out directly in have realtime chats with people who are building this project is sometimes the ceos in the founders hop on and you can talk to him directly what is there.
"reddit" Discussed on You Are Not So Smart
"Get a glimpse into other communities other sort of digital town squares and you know as as product creators we are very can making we want to help a user hein contact i enjoy as quickly as possible and you know when you eight ready for the first time there's a sampling of different reddit communities which had educate users about you know basically how the platform works in a pick and realise that whatever their interest is whatever their hobby might be there is a reddit community for them they love the yankees there's a community there in fact probably the it it is a bat source for interesting discussion in news about their interest what gets really interesting though is way and and that a lot of it by nature the platform and a lot of it is stuff that we could do a better job of improving is is when users get exposed to stuff they didn't think they light but do and and a issued have it all the time in comments were people are having a discussion in someone references oh blah blah blah you know burns with arms and and linked to another one of these reddit communities or horses hey look you know here there's a whole nother perspective on this owner on our slash islam here's that discussion and and where i find it to be so fruitful is that yeah i have the communities on read it but i subscribe to that i visit daily as it my favorite sports team or because if they are there i'd communities identify away but i'm also regularly getting glimpses into other communities and their authentic discussions and that actually really valuable now now changed my view is probably the most extreme version of this because people are coming they're very explicitly to have their change and that that's a pretty remarkable thing on the internet but there is a bunch of different there is a bunch of shades.