skysight-inc/HackerNews huggingface dataset:
> Front running trades while market-making

You don't have to use a PFOF flow broker – in-fact I'd advise against it. But it's kind of a win-win. You get to make "free" trades and the market makers get to make a couple of cents. PFOF is what has enabled this boom in retail trading. The biggest benefices have arguably been retail traders.

Also not all hedge funds are market makers.

> privatizing the profits and distributing the losses if they fail

What are you referring to exactly? I never know what people are referring to when they say this because hedge funds don't generally get bailed out by the government, although they do get bailed out by other companies from time to time.

Perhaps you're referring to the banks that got bailed out during the GFC? Or hedge funds taking small business loans from the government in 2020? But in that case US citizens got bailed out last year too in the form of increased unemployment benefits, stimulus checks and mortgage forbearance.

But like I said, I don't really understand why people are blaming random hedgefunds for the role some hedgefunds played in the GFC.

> Networking with other billionaires on insider information?

Right, but this is illegal. There is regulation to prevent this. You're free to do this too if you're willing to risk getting caught. I see retail investors post about their inside trades all the time on Reddit.
The Google play store managers and/or their bosses probably have their hands deep in it. It'd be interesting to see what a real investigation into this produces.
Why do they even pretend to give a reason anymore. Just close it. Nobody is buying the "hate speech" "adult sexual exploitation" whatever arguments, and honestly it just makes facebook look like liars.

Just delete the group and say: "It violated our terms of service". That's probably also a lie, but at least it's a little less obnoxious.
Yes, congresspersons are so last century.
You literally can't because of government regulations, although spinning up your own self-hosted community hasn't been regulated yet and is fairly easy.
Those are good points.

And that's why I'm such a big fan of simple, as-much-text-based-as-possible interfaces. By self-imposing a decrease in her degrees of freedom, one gets fewer things compounding the probably already high project burdens.
Most of the employees are not executives.
Yes, I can’t believe how they treated the orange man who was such a great warrior in service of truth, justice, and shining American success.
I thought the source was Melvin. Lying about it would be extremely risky, I think? As in jail time risky? Could be wrong.
This is probably the biggest terminal release since we first announced, and the whole team did a lot of great work with it.

Obviously, the headline feature is the settings UI. Since we first launched, that's been one of our most popular feature requests, and it's great to finally see it land. For folks who like the simplicity of a json file (myself included), that's not going anywhere. But I'll admit, the UI is nice for quick settings toggles.

Low key the feature i think that has the most potential is the pixel shaders. I'm not a hlsl wizard, but I've seen some incredible things done with it. I'm looking forward to the crazy things people can come up with, and optimizing that more in the future.
It infuriates me to no end that bluetooth headsets have two modes -- one for listening only, and one for listening+voice, where the latter has absurdly low audio quality.

This has been a major source of problems for me, especially on Windows, where I often have to manually switch between the two.

I have two Linux laptops. On one, Bluetooth devices endlessly disconnect/reconnect and I gave up entirely. On the other, Bluetooth works flawlessly, better than Windows! So it's really hit and miss in my experience.
What exactly is "ungenuine" about giving a negative review to a stock-trading app because it did not let you trade stock?
Nokia and Ericsson are not highly shorted. Nokia short ratio is less than 1%. I have no idea why WSB picked them. Also, both companies' market cap is greater than 20B so it's not easy to manipulate the stock price to the GME levels.
Meh, in my opinion (and probably legally too) they can do whatever they want, it's their platform.

Not that this was your intent but wanted to comment on what I've seen a few places around the internet -

I've seen various comments online comparing this to Robinhood shutting down people's ability to buy certain stocks, or their clearinghouse forcing it, etc. I don't think they are comparable.
Yes, the last 15 years have been good. I was a pretty heavy drinker in my younger days, I quit completely about 20 years ago. I feel much healthier.

I've had several friends that didn't fare so well. (Including a couple that took their own lives. One died of natural causes after very heavy drinking.)

I totally understand recreational use (obviously), but think life is much better without.
Parler's First 13M Users
I'm not saying I condone what happened. I just see people claiming corruption, and I personally doubt that. I think its more along the form of "lets remove these reviews for now and analyze them tomorrow"
That's like say...found your own country no one will try to stop your or won't let you into the UN
If Citadel is a client of Robinhood, then they are are under no obligation to buy Robinhood's product. It's possible that Citadel stopped buying the order flow from Robinhood because they had exposure to clients who in turn had short exposure to the stocks in question. Even in the absence of such an ulterior motive, Citadel is a market maker and it would be foolish for any market maker to do huge amounts of market making on a stock that it's the headlines and is unpredictably skyrocketing. Ultimately Robinhood cannot continue to offer free orders on a stock if Robinhood's clients are not willing to buy a order flow on a specific stock from a specific client because that client's order flow is toxic and making the stock too volatile to make an orderly market in. Declining to accept toxic order flows and withdrawing liquidity from volatile stocks is a reasonable and accepted practice for market makers. Robinhood users pay zero dollars in commissions, and they get what they pay for.
Just build your own website bro

Just build your own host bro

Just build your own financial banking system bro

just build your own social media platform bro

just build your own payment processing platform bro

just build your own internet infrastructure bro
Reminds me.. How's T0 coming along?
Congresspeople are not really relevant anymore. Their slavish devotion to party makes them actually hold very little power.
I'm amazed that it still takes this long to clear financial transactions. Seems like no matter what retail customers always get the short end.
Facebook is kind of fucked both ways tbh. If they don't remove anything they get blasted for hosting violence and abuse and if they remove too much they get blasted for censorship. Its impossible for them to remove just the right amount of stuff since thats subjective and they could never train a million moderators on how to apply it.

I think the real solution here is we need to break up the social media companies. Have each community be its own self hosted website again where the moderators of the community take responsibility for it and apply their own rules. The government can then step in and take action if the communities are illegal.
It already is, the anti-lockdown folks are pointing to it as hypocrisy and duplicity.

Social media can do as it pleases because "it's a private company" but restaurants that comply with every regulation under the sun are crushed under the weight of lockdown mania.
Whats the difference between the app and the service the app provides from the perspective of a user of the app?
That most of them aren't FDA certified, and can't be used for diagnostic purposes. These things are mostly marketed for "fitness".

(This at least was one of the major hurdles we faced. Maybe the regulations have changed in the last 4 years or so. I'm not in that space anymore. The recommendation to go check out medica is still valid though. It's really cool!)
This is still a highly debated thesis. Just using BTC to store value away from a volatile fiat currency and eventually exchange for a different, more stable currency, is another candidate for the underlying valuation model, no widespread medium of exchange beyond currency trading needed.

If you live in Venezuela, converting to BTC even if you cannot buy anything with it but perhaps Columbian or Brazilian currency at a slight loss, is a hugely valuable capability, with significant advantages over both traditional fiat currency exchanges and custodial stores of value like gold.

What is the total global demand for cryptocurrency for this use case? Certainly not anywhere close to the total market cap of first world fiat currencies, but also probably still much higher than today’s total market cap of BTC.

This stands in contrast to smart contract and d-app marketplace currency like ETH, which has a completely different hypothetical valuation model.
Are there any good decentralized message boards?

Biggest question seems to be how does the community deal with spam (and spam taking a large amount of space). But other than that I could see a lot of people willing to host nodes for free.
In the current environment, it would be impossible to find a long dated symmetrically priced collar like Cuban did. Everyone knows these hype stocks will eventually tank, it's just a question of how and when.
I have. When I talk about "the average person," I usually mean median or mode. Otherwise, you end up with hilarious statements like "the average family has 1.88 cars" which does not make logical sense.
Just build your own country on an island to run your stock market.
The timing was not fun at all. 4 years ago it would have been interesting to treat Trump equally, or wait until the end of his term +1 more bad comment. It was a political coordinated attack against him (and I am saying as a person who's not a Trump fan).
> You know, you can be against Facebook providing a platform to extremist/neo-nazis groups, and also think Facebook has overall too much power and presence.

People aren’t really upset about deplatforming extremists/neo-nazis. They’re upset about the deplatforming of mainstream groups and falsely labeling them “neonazi extremists”
All the insane conspiracy theories floating around, by people who mostly have no idea how trading/margin works, that this is just mean ol’ hedge funds trying to screw the little guy... I’m suddenly afraid of Trump 2.0, except he or she is gonna be a lot more competent and brutal. Jan 6 was just the warmup.

There is so much wrath, envy, and greed out there, and so much willingness to believe whatever fits one’s preconceived notions of how the world works.
The definition of a "dangerous organization" now is whether it can lighten wealthy wallets
I was joking today with one of my buddies: "Give it 24 to 48 hours and they're gonna start claiming that WSB are pedophiles or something".
I find it scary that those big tech companies are trying their best to put everything under their control. I understand that they are private companies. But does that mean they can do whatever they want and get away with it?
> "with zero recourse and no way to appeal"

Actually, they can try to appeal to the new Facebook Oversight Board.[1] They released their first set of decisions today, overturning some Facebook removals.[2]

[1] https://oversightboard.com/appeals-process/

[2] https://www.oversightboard.com/decision/

More info: https://www.npr.org/2021/01/28/961391277/facebook-supreme-co...
Just build your own UN, buddy.
Science, Civics, and Democracy
No, it is not. Inflation causes purchasing power to drop. An increased money supply is necessary, but not sufficient. You also need velocity:

The equation for inflation is: M x V = P x Q

Everyone talks about "printing money" (money supply: M) with the Fed, but no one seems to pay attention to velocity (V). Which has dropped off a cliff:

* https://fred.stlouisfed.org/series/M2V
We can say the same about nearby 'vanilla' condo buildings https://goo.gl/maps/7qm79E799kUKUCPFA
Old port is just prohibitively expensive in general.
a new app where you can trade high short interest stocks as a fund

https://sqze.trydoji.com/
Are you kidding? Doing exactly that is like 30% of their tourism industry.
They must've looked at their traffic stats, seen that most users are mobile and decided to focus on that version instead of having substantially different layouts for mobile vs desktop.
What is a dollar worth besides what it can purchase?

Put another way, if the number of dollars is constant in your account between today and tomorrow, but you can purchase less with it, you've lost wealth.
Indeed. I'd never realized the power of keyboard strokes buffering
It's too bad the same doesn't apply to them. Like the Gov or someone coming along and saying that there is adult sexual exploitation going on on their platform, we're shutting you down and banning you.

Fuck I only wish....can you imagine how much healthier society would be without farcebook.
It’s more like: First they came for the fascist but I didn’t speak up because fuck those guys. Then they came for the meme stock traders, and what the fuck even is this timeline.

Bottom line is corporations are self serving, and the poem doesn’t really hold up to what is happening.
Show HN: Create Chrome Extensions for internal use
Unfortunately I haven't been in that space for a while. The parent company to the project we were working on got acquired, and they didn't pursue our project.

We were trying to bring connected health/predictive analytics to a larger, existing healthcare company.
> retail investors are being denied long term returns

excuse me? what part of inflating GME to $400 is a deserved long term return?

this is effectively a pump and dump scheme, whether or not most of the participants think so. once the squeeze stops, no ones buying GME over $100 and everyone left holding shares better have bought two weeks ago or theyre gonna lose money.
They could. But that's market manipulation, and maybe wash trading.

Then you have to consider how they're getting these accounts which need credit histories and social security numbers.
Fun fact about Habitat 67, you can surf on the river just there. A few people live there, put their wetsuits in their condos and go surf for an hour or two, which is kind of unexpected in Montréal.

Definitly a place I wish I would live in :)
Facebook and Wall Street
The funniest thing here is that the leaders of the charge on Reddit are the exact equivalent of the hedge fund guys. gambling with other people’s money for a big payday.
Okay so I completely agree but I want to add something to what’s going on

Half the fun of WSB is that it is enormously offensive. The foundation of the community is that a forum talking about stock investing strategies is, at its heart, really dumb. It’s harder than most people can manage to evaluate all the “DD” flying around and any advice other than playing it safe (r/investing) is stupid to take from a rando on a forum.

WSB’s culture is a reaction which embraces how stupid the exercise is, and then races to the bottom on rhetoric, which makes it all about meme irony. So they (excuse the language) call themselves “retards,” “degenerates,” and “autists” (again, their words). It sometimes gets more offensive from there, but they try to keep the insults self-targeted.

Generally speaking they’re pretty clever and witty in their behavior, but you know how this gets when it goes mainstream. Less clever people show up and attach to the “offensive” part without bringing along the “clever” part.

My general sense is that WSB works hard to moderate within its sensibility so it stays enjoyable, but with the big influx, I’d bet Facebook and Discord are either reacting to behavior which is slipping past the WSB mods due to the influxes, or they’re reacting to the aesthetic without understanding the underlying wit. Another side-effect of going mainstream: it becomes political, and politics is perception. Frankly though, I think most people would enjoy WSB culture right now, given the underdog narrative and the embrace of the irreverent.

If I were Facebook or Discord, I’d trust WSB mods to get things back under control and help them protect the community, not ban it. That said, I’d bet good money their reasons for banning are not evidence-free.

So the real question is, why aren’t these platforms helping WSB mods instead of banning the community.
This is everywhere in Australia. Coffee-and-sausage-roll carts towed behind an SUV from office to office in areas where somebody's stuck a bunch of office buildings in the burbs rather than the CBD.
Everyone's welcome at UN.ru
Every article I can find just says “CNBC reported” or similar. And CNBC just mentions a “source”.

I’ve yet to find an actual statement from Melvin.
Some people might remember Hotline https://en.wikipedia.org/wiki/Hotline_Communications

Independent forums might be due for a comeback as well, with modern technological amenities
Today I saw:

Common Folk: We want a chance at financial stability."

Rich Folk: "Invest your money."

Common Folk: "OK, GME it is."

Rich Folk: "Wait. Not like that. Stop. This clearly must be outlawed."
If you put too much comparative value on keeping the boot on Bad People's necks, you'll help close off methods to shift influence away from e.g. Facebook.

If a lot of people move to e.g. the fediverse facebook equivalent, that shifts power away from facebook and makes it harder to deplatform people. So your two listed goals are in competition. That's why I'm saying you reap what you sow: you wanted a world where people can be deplatformed, and you got it.
...because that’s not the true explanation!
If the paper was published in 2020, that probably means they spend 2019 working on it and doing the research, so the last full year's worth of data they had would have been 2018.
Usenet is still around :)

I also tried aether once, and it seemed sort of interesting.
Are there still islands that have not been claimed by a country?
Your doctor already captures this data.
Ligand Pharmaceuticals appears to be ripe for a GME-style short squeeze.
Hey HN and the broader world!

We are incredibly excited to share what we have been cooking up . After building Chrome Extensions for recruiters and marketers, we got a glimpse of the power of browser extensions. However, we also got a taste of how hard extensions are to create. This led us down a path of exploring whether companies were interested in building custom internal extensions.

We studied hundreds of custom internal extensions that companies are using today. We've seen companies extend legacy internal tools to increase development speed, create context-aware tools that surface info employees need wherever they are. We've even seen extensions add missing features to purchased software. After synthesizing into a few modes, we set out to build an easier way to create internal extensions.

Come say hi! We are excited to meet you and hopefully help you build some extensions too!

Kevin, Will, James
Robinhood allows up to $1,000 to be used "instantly" just by the user initiating a transfer. So Robinhood doesn't have the money yet, but the user can buy stocks -- meaning they are using Robinhood's money.
Things are often less intentionally sinister than they look. In this case I believe they're following the policy of removing a mob like review attack.

However the effect is still undesired where a group of unhappy users can't express their dissatisfaction through the review system
I'm not entirely sure if I'm the idiot, or if the talking lady on television is, but what she is saying sounds like complete nonsense.

It sounds like nonsense, because what she's describing is not Robinhood's problem. The shorts are predominantly being done by hedge funds (with only a few retail investors here and there). Hedge funds aren't trading on retail platforms, like Robinhood. It's not Robinhood's problem that the hedge funds are being eaten alive on margins, or if the hedge funds are having problems with the clearing houses.

If margins, and the Robinhood/clearing house relationship were the problem, then Robinhood would stop people from opening new margin positions on GME. But that's not the case, here. They are preventing people from entering non-margin long positions.

Do you have a different take on this?

Edit: https://news.ycombinator.com/item?id=25951475 seems to be a different take on this. One that makes a lot more sense then the lady on television. The tl;dr of it is that even for a simple, non-margin stock trade, RobinHood needs to put dollars up as collateral... And they ran out of dollars.
> As far as a stable society goes, low interest rates are a good sign

Zero are even better. We've known for literally thousands of years that interest (usury) is parasitic, immoral, and dangerous. Islam, Judaism, and Christianity all outlaw it. Yet we continue to engage in it and wonder why we end up in mess after mess.
> found your own country no one will try to stop your

E.g. Asgardia can be considered a surprisingly successful proto-nation. AFAIK UN actually contacted them and asked to launch a satellite into space (which they can) but that ended up a diplomatic failure.

> or won't let you into the UN

Getting into the UN hardly really means much. There are many nations in the UN nobody cares about. There also are nations not in the UN yet very relevant (e.g. Taiwan which was among the UN founders).

[1] https://en.wikipedia.org/wiki/Asgardia