He told the WSJ he never imagined the Reddit community would morph from its beginnings to what it’s become. “It’s a little like watching one of those horror films where you can see the bad guy slowly going up the stairs,” Rogozinski said.
“If you feel an investment is worthwhile, and you have the risk capital, you should do it,” said John Payne, Joker123 senior futures and options broker with Daniels Trading in Chicago. “But never do it for the sole reason of recovery of what you have lost on a past trade. Every market decision needs to be independent of the one prior.”
More people are investing thanks to no-commission apps such as Robinhood and Webull, but there are risks when playing the stock market. There are some who capitalized on the GameStop roller coaster, while others lost more than they expected. That money might be gone now, but through a better investing strategy, it could return.
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Experts suggest making decisions based on the data you have. Research where you’re putting money and why. Though the GameStop example flies in the face of this, fundamentals and financials usually do matter to a stock’s value. Don’t throw money at a stock just because it’s trending on Twitter.
Resist investing FOMO Professionals recommend that you try to separate emotions and impulses from investing decisions. Fear of missing out, or FOMO, is hard to resist, but it can be costly if you give in to it.
Four New York City police officers were suspended without pay after they were caught on security video seemingly standing by and doing nothing when a man accidently shot himself in the leg in Harlem earlier this week.
Leigh said: ‘I do love the square nails I find magnet fishing. You cook them in wax, boil them and it preserves the nails perfectly. They aren’t really worth anything but it creates a beautiful sculpture.’
‘I have that same feeling. It could just be here… it could just be there and I just keep going and going and going. It’s like an addiction. It’s like gambling. I think the word gold fever is pretty apt.’
“We’re seeing a phenomenon that I have never seen,” Jim Cramer, a Wall Street commentator on CNBC and a former hedge fund manager, said during a segment as shares were first beginning to swing. And GameStop could be just the start. “It’s insane.”
Technical issues like content moderation or the opaque advertising model of social networks are hard concepts to grasp, so lawmakers have glommed on to an issue that’s more visceral and universal in nature: the safety of our children. It isn’t a topic that the tech executives can easily swat away.
Critics accuse Google and Facebook of skirting the Children’s Online Privacy Protection Act, or COPPA, a federal law that regulates user data collection from sites with users who are under 13 years old. In 2019, the US Federal Trade Commission , as well as new requirements, for YouTube’s violation of COPPA. In response, the video site made major changes to how it treats kids videos, including limiting the data it collects from those views.
He told MailOnline: ‘Mate I get so excited! I remember one time I was out at Bondi underwater metal detecting and I was in this spot where the sand had been washed away and I knew there was some treasure there.
‘I dusted away some sand and there were even more coins. I thought “oh my gosh” and a light went on – “I’m gonna get me an underwater metal detector”. I just started to get addicted as it was so much fun.
Now emboldened Reddit communities are talking about taking on other companies that Wall Street is broadly betting against. The Reddit crowd is already attempting to push up BlackBerry, the once-popular handset maker that now focuses primarily on selling business software. And Redditors are also targeting the struggling movie chain AMC, pushing its stock from hovering around $2 per share to more than $8 in after-hours trading. By Wednesday, Jan. 27, it closed at $19.90 per share before dropping to $12.75. The next day, it fell even further, to $8.63 per share.
‘You exploit and profit’ Silicon Valley companies have received blowback in the past when they’ve waded into kids products. YouTube Kids faced controversy in 2017 when the service’s filters failed to recognize some videos that feature — like Mickey Mouse lying in a pool of blood, or PAW Patrol characters bursting into flames after a car crash. Facebook’s Messenger for Kids, meanwhile, suffered a bug in 2019 that let children join group chats with strangers.
By the close of regular trading on Wednesday, Jan. 27, the stock was $347.51 per share, up from from historic lows of around $3.30 per share in the summer of 2019. And then in after-hours trading, it dropped by more than 37%, only to rise again. The next day saw even more dramatic moves, with the stock jumping up to $492.02 before dropping nearly 60% to close at $197.44. Then, in after-hours trading, it rose back up to $311.99.