Retail investors are exploiting instability created by the hedge funds
They didn't start the fire
https://t.co/26pyBtj4ec
1. If you turn on CNBC, you'll hear a narrative that reckless retail investors from Reddit are destabilizing the stock market by driving up prices for GameStop and other stocks.
This is BS.
Follow along if interested.
Retail investors are exploiting instability created by the hedge funds
They didn't start the fire
https://t.co/26pyBtj4ec
What happened in 2013? SAC pleaded guilty to insider trading and paid a $1.3 billion fine.
Plotkin then left to start his own firm.
https://t.co/26pyBtj4ec
But this week he was bailed out by his old boss, SAC founder Steve Cohen, and another hedge fund mogul, Citadel's Ken Griffin to the tune of $2.75B
https://t.co/26pyBtj4ec
This is where things get interesting.
https://t.co/26pyBtj4ec
Why are they doing this?
They say its to protect their customers.
But is that really what's going on?
https://t.co/26pyBtj4ec
Griffin is pays these platforms tens of millions of dollars for the right to handle their "order flow"
Let me explain
https://t.co/26pyBtj4ec
"Citadel Securities accounts for 40 of every 100 shares traded by individual investors in the US, making it the number one retail market maker"
https://t.co/26pyBtj4ec
This warrants further investigation.
https://t.co/26pyBtj4ec
In 2008 he had massive exposure to AIG and relied on Morgan Stanley for lending. He survived only because they got bailouts
https://t.co/26pyBtj4ec
For updates on this story and more accountability journalism, sign up for the newsletter.
https://t.co/TfpCItdVSo
We need to explore why they are doing this.
https://t.co/26pyBtj4ec
https://t.co/ISlZfsXKQ8
https://t.co/26pyBtj4ec
https://t.co/LQhcsM8yxS
More from Judd Legum
1. BREAKING
3 major corporations say they'll suspend donations to the Republican Attorneys General Association, which helped drive participation in last Wed's events
@Facebook
@Lyft
@DoorDash
Follow along for more on these 3 plus 60 other
@lyft @DoorDash 2. University of Phoenix (@UOPX) is taking things a step further.
The for-profit university, which donated $50,400 to RAGA last year, is demanding its money back
"We have asked RAGA to return our contribution to us as soon as
3. @Lyft tells https://t.co/Gl6evXRDcZ that it "not be renewing our membership in RAGA for 2021"
@Facebook says it was "surprised and appalled" by the RAGA's conduct
4. @DoorDash says that "Any individual or organization that encouraged or facilitated this horrific behavior must be held accountable."
All this is a wakeup call for the Republican Attorneys General Association, which has accepted NO RESPONSIBILITY FOR ITS INVOLVEMENT
5. More details coming in this thread. But if you value this kind of work, please subscribe to our newsletter, Popular Information.
It's free to sign up.
The newsletter, not this Twitter account, is what makes this work
3 major corporations say they'll suspend donations to the Republican Attorneys General Association, which helped drive participation in last Wed's events
@Lyft
@DoorDash
Follow along for more on these 3 plus 60 other
@lyft @DoorDash 2. University of Phoenix (@UOPX) is taking things a step further.
The for-profit university, which donated $50,400 to RAGA last year, is demanding its money back
"We have asked RAGA to return our contribution to us as soon as
3. @Lyft tells https://t.co/Gl6evXRDcZ that it "not be renewing our membership in RAGA for 2021"
@Facebook says it was "surprised and appalled" by the RAGA's conduct
4. @DoorDash says that "Any individual or organization that encouraged or facilitated this horrific behavior must be held accountable."
All this is a wakeup call for the Republican Attorneys General Association, which has accepted NO RESPONSIBILITY FOR ITS INVOLVEMENT
5. More details coming in this thread. But if you value this kind of work, please subscribe to our newsletter, Popular Information.
It's free to sign up.
The newsletter, not this Twitter account, is what makes this work
1. @NYGovCuomo became a pandemic star by contrasting himself with Trump
Cuomo crafted an IMAGE of being determined, honest and grounded in science
But 11 months later this image is falling apart
Follow along for a FACTUAL assessment of Cuomo's
2. Cuomo WROTE A BOOK, published in October, celebrating his own leadership during the pandemic.
Cuomo writes that NY had "confronted and defeated" the virus, and had "achieved what all the experts told us was impossible."
Today, things look
3. Today, New York has 338 people hospitalized with COVID per million residents.
This is the HIGHEST NUMBER IN ANY STATE by a considerable margin.
https://t.co/Hl4fsFxB6l
4. Overall, 46K New Yorkers have died of COVID, which trails only California (47K), a state with 2x as many people.
On a per capita basis, New York has had more deaths than every state but New Jersey.
Cuomo made decisions that made things
5. A new report by NY AG Letitia James (D) found Cuomo's order requiring nursing homes to accept residents w/COVID "may have put residents at increased risk of harm"
Cuomo dismissed criticisms of his nursing home policies in his book as
Cuomo crafted an IMAGE of being determined, honest and grounded in science
But 11 months later this image is falling apart
Follow along for a FACTUAL assessment of Cuomo's
2. Cuomo WROTE A BOOK, published in October, celebrating his own leadership during the pandemic.
Cuomo writes that NY had "confronted and defeated" the virus, and had "achieved what all the experts told us was impossible."
Today, things look
3. Today, New York has 338 people hospitalized with COVID per million residents.
This is the HIGHEST NUMBER IN ANY STATE by a considerable margin.
https://t.co/Hl4fsFxB6l
4. Overall, 46K New Yorkers have died of COVID, which trails only California (47K), a state with 2x as many people.
On a per capita basis, New York has had more deaths than every state but New Jersey.
Cuomo made decisions that made things
5. A new report by NY AG Letitia James (D) found Cuomo's order requiring nursing homes to accept residents w/COVID "may have put residents at increased risk of harm"
Cuomo dismissed criticisms of his nursing home policies in his book as
1. Florida teachers are being told to remove all books from their classroom libraries OR FACE FELONY PROSECUTION
The new policy is based on the premise that teachers are using books to "groom" students or indoctrinate them with leftist ideologies.
2. Officials from the Manatee County School District confirmed the new policy to https://t.co/Gl6evXRDcZ.
The policy was communicated to principals in a meeting last Wednesday.
Teachers are in the process of being informed now.
3. Teachers in Manatee County lamented the news on social media. "My heart is broken for Florida students today as I am forced to pack up my classroom library," one Manatee teacher wrote on Facebook.
4. Another Manatee teacher called the directive "a travesty to education" that interfered with efforts to "connect with books and develop [a] love of lifelong learning."
5. The new policy in Manatee, which is likely to be duplicated across Florida, was issued in response to HB 1467, which was signed into law by DeSantis last March.
That law established that teachers could not be trusted to select books appropriate for their students.
The new policy is based on the premise that teachers are using books to "groom" students or indoctrinate them with leftist ideologies.
2. Officials from the Manatee County School District confirmed the new policy to https://t.co/Gl6evXRDcZ.
The policy was communicated to principals in a meeting last Wednesday.
Teachers are in the process of being informed now.
3. Teachers in Manatee County lamented the news on social media. "My heart is broken for Florida students today as I am forced to pack up my classroom library," one Manatee teacher wrote on Facebook.
4. Another Manatee teacher called the directive "a travesty to education" that interfered with efforts to "connect with books and develop [a] love of lifelong learning."
5. The new policy in Manatee, which is likely to be duplicated across Florida, was issued in response to HB 1467, which was signed into law by DeSantis last March.
That law established that teachers could not be trusted to select books appropriate for their students.
More from Business
This is a GREAT argument to pull up when talking to people about minimum wage. Some others nested below
A large number of new jobs being created are minimum to low wage, so looking for a new job generally won’t increase pay.
Raising minimum wage helps things not directly related.
Helps Infant mortality? Yup.
Lowers Suicide? Yup.
Reduce smoking rates? You bet.
It also boosts the local economy! Minimum to low wage earners spend more % of their money, so an increase means more is spent, often in community!
Low paying jobs are often in sectors which would gain from this. More people spending money in your shop makes your business more money! Now you have more profits and increased labor costs are covered.
"it doesn't affect me if companies pay low wages"
— Dan Price (@DanPriceSeattle) February 11, 2021
In reality, you're paying for it. Over 50% of people on food stamps are actively working. The leading employers are Walmart, McDonald's and Amazon.
As taxpayers, you're subsidizing corporations to pay literal poverty wages.
A large number of new jobs being created are minimum to low wage, so looking for a new job generally won’t increase pay.
Raising minimum wage helps things not directly related.
Helps Infant mortality? Yup.
Lowers Suicide? Yup.
Reduce smoking rates? You bet.
It also boosts the local economy! Minimum to low wage earners spend more % of their money, so an increase means more is spent, often in community!
Low paying jobs are often in sectors which would gain from this. More people spending money in your shop makes your business more money! Now you have more profits and increased labor costs are covered.
You May Also Like
https://t.co/6cRR2B3jBE
Viruses and other pathogens are often studied as stand-alone entities, despite that, in nature, they mostly live in multispecies associations called biofilms—both externally and within the host.
https://t.co/FBfXhUrH5d
Microorganisms in biofilms are enclosed by an extracellular matrix that confers protection and improves survival. Previous studies have shown that viruses can secondarily colonize preexisting biofilms, and viral biofilms have also been described.
...we raise the perspective that CoVs can persistently infect bats due to their association with biofilm structures. This phenomenon potentially provides an optimal environment for nonpathogenic & well-adapted viruses to interact with the host, as well as for viral recombination.
Biofilms can also enhance virion viability in extracellular environments, such as on fomites and in aquatic sediments, allowing viral persistence and dissemination.
Viruses and other pathogens are often studied as stand-alone entities, despite that, in nature, they mostly live in multispecies associations called biofilms—both externally and within the host.
https://t.co/FBfXhUrH5d
Microorganisms in biofilms are enclosed by an extracellular matrix that confers protection and improves survival. Previous studies have shown that viruses can secondarily colonize preexisting biofilms, and viral biofilms have also been described.
...we raise the perspective that CoVs can persistently infect bats due to their association with biofilm structures. This phenomenon potentially provides an optimal environment for nonpathogenic & well-adapted viruses to interact with the host, as well as for viral recombination.
Biofilms can also enhance virion viability in extracellular environments, such as on fomites and in aquatic sediments, allowing viral persistence and dissemination.
The entire discussion around Facebook’s disclosures of what happened in 2016 is very frustrating. No exec stopped any investigations, but there were a lot of heated discussions about what to publish and when.
In the spring and summer of 2016, as reported by the Times, activity we traced to GRU was reported to the FBI. This was the standard model of interaction companies used for nation-state attacks against likely US targeted.
In the Spring of 2017, after a deep dive into the Fake News phenomena, the security team wanted to publish an update that covered what we had learned. At this point, we didn’t have any advertising content or the big IRA cluster, but we did know about the GRU model.
This report when through dozens of edits as different equities were represented. I did not have any meetings with Sheryl on the paper, but I can’t speak to whether she was in the loop with my higher-ups.
In the end, the difficult question of attribution was settled by us pointing to the DNI report instead of saying Russia or GRU directly. In my pre-briefs with members of Congress, I made it clear that we believed this action was GRU.
The story doesn\u2019t say you were told not to... it says you did so without approval and they tried to obfuscate what you found. Is that true?
— Sarah Frier (@sarahfrier) November 15, 2018
In the spring and summer of 2016, as reported by the Times, activity we traced to GRU was reported to the FBI. This was the standard model of interaction companies used for nation-state attacks against likely US targeted.
In the Spring of 2017, after a deep dive into the Fake News phenomena, the security team wanted to publish an update that covered what we had learned. At this point, we didn’t have any advertising content or the big IRA cluster, but we did know about the GRU model.
This report when through dozens of edits as different equities were represented. I did not have any meetings with Sheryl on the paper, but I can’t speak to whether she was in the loop with my higher-ups.
In the end, the difficult question of attribution was settled by us pointing to the DNI report instead of saying Russia or GRU directly. In my pre-briefs with members of Congress, I made it clear that we believed this action was GRU.
