skysight-inc/HackerNews huggingface dataset:
I only have ever seen "best reasonable effort" in the ontext of recovering from sitations where contractual obligations aren't met. my understanding, and how it was applied, is that these situation are impossible to predict, thus the rather ominous wording.
Thank you for your sentiment; I was unsure of the point initially but you really drove home to the concept of retail investors actualizing their significance in this new market.

Of course, I'd like to both as you personally and additionally air out a sentiment of the ease of access being delivered to retail investors. What was once prohibitive has now been given to the individual. Do you have any sentiments that you're willing to share on that notion?

As an additional thought; personally, I can't believe the behavior of some of the brokers that have come to light recently. RobinHood who, as they said in a tweet in 2016 "let the people invest" and now, in 2021 we see how true they maintain their values by restricting the very same people they sought to empower by disallowing trading on their platform. It is despicable.
How would EU be painted if they demanded all vacines produced in Europe to stay in Europe before all their orders are fulfilled?

That would be "doing very well"?

Because it seems that's what UK is doing with AZ, their production stays in the UK. And that's doing well?

If so, then EU should most definitely lock out exports of vaccines.
> And effectively all of the purchase price that people are paying right now is going to end up being transferred to the people with earlier positions who are getting out at the peak of the bubble.

There is at least one other group that is likely benefiting massively through all of this: Those who have been selling options. There are a lot of levels here, but when this is all done I suspect that the aggregate spent by retail traders on premiums for options that expired worthless will eclipse the final market cap of GME.

When there is this much volume, you have to remember that someone is in the middle of it taking a tiny fraction in order to facilitate it. These people are likely doing a very good job limiting their risk, and just printing money right now.

I suspect that overall we'll end up with "Hedge Funds" (as an aggregate) in likely the same positions, intermediaries and market makers wayyyy up, and Retail (as an aggregate) way down. Which, I guess is the system that people are virtual-rioting over.
What's the five-dollar bill in this metaphor? I'd like to use it. Currently my employer has told me to use a one-dollar bill. As I continue with your metaphor, I struggle to see what insight it's giving.
RH is free and doesn't charge commissions.

This should be a BIG RED FLAG that you are the product and not the customer. In general, if you aren't paying, they have no interest in keeping you happy.
Kinda pathetic.
It’s pretty obvious (at least to me when I signed up) that the “instant money transfer” means margin. Even if you don’t get the concept of “margin” specific to investing, you should get that you’re borrowing against the transfer when you use it.

Edit:
I just deposited more money into robinhood, and the screen says "your funds will be transfered in next several days... in meantime, we'll give you access to $X while you wait for the funds to clear"

Also, the UI separates your cleared money, from the instant deposit money as 2 line items.

It says that its not your money in the UI.
Are you aware that one of the largest political issues in the US right now is exactly that: a complete lack of trust and respect in the police and how they go about their jobs? A popular slogan in the US is ACAB (All Cops Are Bastards) This is a comment on an article about how cops need to stop lying to people during investigations.

I'm glad you think your cops are great, but we're trying to talk about how to reform them, we already know there is a problem. US police can lie to you in order to get information, in addition to a host of other abuses. Saying "be honest to cops and everything will be fine" feels a bit glib.
Most of these online stockbroker bros are 13 year olds just clowning around.
How Europe Fell Behind on Vaccines
Interesting. The ambiguity itself must create the kind of mental state associated with empathy. Clever trick for a writer of fiction, I'll have to steal that.
Up to some point.

But once you are well known for abusing power your own cries when you are on receiving end of abuse kinda loose their power to get me motivated to defend you.

For me it is rather clear case of wrestling between large corporations to see how much they can push the balance of power.

FB was quite happy to be pre installed on many an Android phone and enjoy preferential treatment. I don't remember them crying for equal treatment then and if not being able to uninstall FB from a phone is not a preferential treatment then I don't know what is.

https://time.com/5497200/samsung-facebook-app-delete/
It's entirely possible that RH doesn't care if the hedge fund loses all its money from the short and RH's buddy Citadel has to do a bail out to the tune of billions. In that scenario, RH still has to pause buy trades to save their own ass because they're running out of cash they need for the collateral that's required.

Do note that RH is not the only one that paused buy trades.

What I find more suspicious on RH's part is the timing of this all. RH should have known well before this week that GME was going to be a highly volatile stock. They should have already reached out to investors and banks for credit. They should have already had over a billion lined up to take on the volatility. I can understand other brokers like TD not being prepared because they might not be used to this Reddit-driven WSB volatility. RH, on the other hand, should have been ready. They've been aware of WSB and their antics since its inception. Yet they waited until Thursday to pause trades. That's where I start to go into conspiracy mode.
The "Bypass Paywalls" extension is also effective, although you may want to limit the number of extensions you run for memory usage or performance reasons.
The focus thing is as easy to fix as just not swapping that component.

Certainly you need a different mindset to use this technique. If you try to do it the same way you do SPAs you will find a lot of problems of course
There's a few issues for the short sellers though, one is that their brokers are charging them interest on their borrowed shares as a function of their share price. The higher the share price, the more interest they have to pay. Not just that, the harder the shares are to borrow, the more interest they have to pay. This creates a ticking clock. During the initial BYND squeeze, some people were being charged 100% APY.

Then of course as it goes up and they bump up against their personal (or their brokers' personal) risk tolerance, they're forced by them to buy.
At this point "Melvin Capital's position" seems like more of a conspiracy theory than anything based in fact.
I’m sure Google would love to let users choose whose ad network delivers them ads on Facebook properties. There might even be room for innovation here.
Also, it lets you know whether you could change the temperature inside grocery stores and the like to minimize transmission
I hope some sociology students are documenting the hell out of this whole thing. There's so much juicy stuff going on.

For a moment yesterday, I got sucked into this whole thing. I bought a few shares just to see if my brokerage still would allow it, then sold them a few % higher because it was bouncing all over.

Then I remembered that I'd been asking myself how close the conversational tone in /r/wallstreetbets was to mob mentality/mass hallucination and thinking, "I'm no expert, but this doesn't look good."

When the RH stuff started yesterday, I started thinking of another failure mode: horizontal aggression. If the incumbent can pit their opponents against each other, they can grind each other down while the incumbent sits back and waits for the blood to dry.

It's hard not to see some of that going on too.
If anybody thinks they are really in control of things they are highly arrogant and out of touch at best or an outright delusional at worst. Especially when it comes to the US. Where even the overly rigid minutae obsessed military take pride in being considered unpredictable madmen who don't even pay attention to their own doctrines consistently and are at home in chaos. The people of the US aren't even consistently individualistic and would make herding cats look easy - you can get them to follow you with a tin of tuna.

There isn't "the" Man. Why would there be when even positions of petty power are contested for so tightly and dirtily and there are so many striving to rise? Consequences are not a strong deterrent - if they were the world would look very different.

Wealthy individuals may have power but nobody has control over the a process of contention across all layers with nominal goals served imperfectly with cargo-culting and skewed priorities.

All of this and there is nothing inherently special about the people - human nature and control oppose each other.
Why not link to the original thread instead?

https://twitter.com/johndmcmaster/status/1355092011829719046
There are all sorts of rules that brokers generally abstract away:

https://finance.zacks.com/tax-rules-use-proceeds-stock-sales...

https://www.fidelity.com/learning-center/trading-investing/t...

My understanding is that you couldn't do day trading without a margin account.
This is true but the solution should be anti trust action against amazon as well, as opposed to let fb be monopolistic and “give small business a chance”
I know it's more-or-less your point, but I am absolutely tickled by the idea of 'free speech' being 'heavily policed.' There's some doublethink if there ever was some! (Am I allowed to say that?)
That's not the case on my macOS MacBook or my iPad.
This would require RH to explain to their users the nuances of moving violations (buying a new stock after selling an old stock before settlement) and that gets messy. Nobody wants to be bothered by rules when they're about to make it rain day trading.
Yes, much better, thank you. (I made the same suggestion)
Nine investors make $16B on GameStop stock squeeze
Google DNS is reporting back a different IP for me when I query perl.com (same subnet though). It's all part of the Google Cloud /13 block.

Sure it may have been used for malware, but given those IPs float between ephemeral cloud instances, it does not mean it is currently being used for malware.
Sounds great. Let's break up Facebook AND unbundle the iOS app store.
Can someone explain why my perspective is wrong on hedgefunds please?

My understanding is that the GFC happened because the whole economy was levered to hell. At the risk of referencing the big short, there was a scene in that film where a stripper has levered herself up so much she owns five home. The reason the GFC happened was in reality because average people were levered up on real estate and couldn't afford their repayments.

I fully understand that the financial system also took on too much risk and many understood those risks, but the narrative that hedgefunds are entirely to blame for the GFC, and that they were the only ones being irresponsible with leverage, is surely wrong?

If the blame was with anyone it should be the regulators... Why were individuals and hedgefunds able to take so much risk? In the absent of regulation individuals and hedgefunds should be expected to take maximum risk for their own gain. Just like how WSBs did when they were all exploiting the infinite leverage glitch.

Another thing that I don't think is true here is that the government is only there for the hedgefunds... If this last year has proven anything it's that the government is perfectly wiling to bail out individuals if they feel it's necessary to save the economy. And if the financial system is so rigged against individuals then isn't it odd how those individuals seem to be so able to destroy the hedgefunds with relative ease from a free smart phone app?

I'm not trying to be edgy, I genuinely don't understand why people seem to blame hedgefunds for every inequality problem in society.
So refreshing to see Facebook fight for the little guy for once
Why do wombats poop cubes? Scientists may finally have the answer
The question is - is that shown next to iMessage with the exactly same dialog and messaging as for all their competing apps? Same UI location? Are Apple's first party apps treated the same as their competitors?

Because there's a difference between a big in-your-face popup and a website far away from the device actually running iMessage.
I agree, but the old cliche "beggars can't be choosers" comes to mind.

I'll take the first vaccine that becomes available to me, and I highly doubt they'd give me a choice at the clinic anyway.
(2) is false.

You can't offer "inferior prices" to customers. It's called the Order Protection Rule of RegNMS. You must price improve the customer, by law. If a bid-offer is 23.01/23.02, Robinhood (but actually Citadel/Two Sigma) _must_ transact with a buy order at 23.0199 or less (the subpenny rule only applies to quotes, not actual trades). The reason Robinhood sells this order flow is because Citadel/Two Sigma would rather collect a spread of almost 1 cent (23.0199-23.01) from
_you_ rather than a hedge fund, who may conceivably move the market against the market maker. They are "paying for order flow" (PFOF) - much less than 1 cent - to collect the 1 cent spread from you.

Robinhood is in trouble with the SEC for a failure to disclose this relationship to customers, _not_ for having the economic arrangement to begin with.
In the age of the internet (well 30+ years into it even) thinking that digital funds can be transferred instantly seems a pretty sane assumption.
Did he lie about it or was just not clear? RH and the other brokerages have said it was capital requirements imposed by the clearing houses, which makes sense given Fidelity and Vanguard were not having this issue. My question is why did the clearing houses make this decision? Whats the risk management logic here?
Facebook takes the moral high ground against Apple. I love the idea of the tech giants destroying each other.
I'm not a lawyer.

But if reallocating UK doses to the EU, would Astra Zeneca then be in a predicament of not fulfilling their contract to the UK? I have no idea, but presumably this would depend on knowing the UK contract.

So from my perspective, it's tough to know what Astra Zeneca ought to be doing without knowing all of their contractual obligations. That sounds tough.

So I'm glad that I'm not a lawyer.
Well said. And these people under forty (to reduce everything to simple terms) divide themselves into roughly equal camps. Some see the problems as fatcats/gov not doing enough to help the poor. The other side sees the fatcats/gov not doing enough to help citizens as opposed to certain elites and all here because of illegal entry.

Both are right to a large extent, and both are slandered as evil/racist/etc. by the other side.
>That leaves us with 6M shares, and with a short interest of 71M held short and ETFs like XRT buying them, it is likely there aren't enough shares.

This is a non-issue, see sibling comment: https://news.ycombinator.com/item?id=25961536
What's more likely: multiple Robinhood customers all colluded in a very short time to make it look like RH sold their shares without their consent, or RH actually did this?

Occam's razor...
That's an incredibly general question.

"It depends on the specifics" would be the general answer.

Once you use FFI, there's no guarantee of memory safety as the C code has access to the entire address space of the process. There is no sandboxing of foreign code at this time.

If the code you are calling isn't thread safe and you run your Pony program with more than 1 scheduler thread (pony actors get run on 1 or more scheduler threads- generally 1 per scheduler thread per CPU) then "bad things canhappen".
Becaue you are running unsafe code that can be accessed from multiple threads- but... well, maybe you can structure the Pony API so that you don't do that.

It really depends.
Fastest way to put Robinhood into liquidation so you can get a fraction of your account value back years later.
XRT has not been buying this week: the AUM are down 80%

https://www.bloomberg.com/news/articles/2021-01-29/the-games...
This presupposes that this tracking heavy targeted advertising has positive ROI for these small businesses. Is there any evidence this is actually true?
I appreciate your appeal to nuance.
Without more sequencing info, that's just speculation, no?

We don't know:
* how many new short positions were opened
* how many old ones were closed
* what happened next to the shares involved in those transactions where retail investors moved 75M shares
* where the shares came from in the trades where retail investors bought 74M shares

That's why Levine discusses many possible stories behind those numbers. The only real thing that many retail sales really does is contradict the "we're all HOLDING!!" story.

It could be that very little of that was closing the original Melvin positions... but we don't have evidence, do we? How can you prove that retail didn't sell 75M to people closing short positions, and then retail bought 74M back from the brokers those shares were returned to, while meanwhile, a bunch of new investors went short because 300 bucks is a bonkers price and they're betting they can wait it out a few months? Or anywhere in between?
https://sassysaas.com/meetmybot/ some of these ideas are genuinely good
I have a RH, and yeah when you sign up they tell you what margin is and you can choose to not use it as it is riskier. As this is just a 'see what happens' use case for me, I didn't elect margin. And well this is what happens. The predatory part is just giving it out at all to low funds retail traders.
I feel a little sad that it's just a flash in the pan. But maybe it's better this way. That much power over the long term would surely end in ruin for many many people.
I know, I'm actually using kitty regularly.
Don't forget about waiving your right to access any social safety net (disability, unemployment, medicaid/medicare costs) that might become necessary as a result of your experiments.
Pretend you're not a techie and not aware of how ACH works.

"Instant" means instant to most folks. Not, "we're going to lend you the money for several days and can then force sell your stocks whenever we want".

RH app even pretends the money is actually in your account. There's a lot of deception that went into designing the app.
Those seem like analytics though. Hardly private data. I expect Spotify to track what I listen and how I listen to recommend me better music. This includes what I search, and I decide to listen, how long, etc. Is this really not acceptable?
People used to buy big books and stick to languages with more batteries included. I still remember the big huge fat Java book I bought when I was in high school.
> Apple specifically details what data is collected under the "About iMessage and FaceTime & Privacy" link within the Messages preferences.

So does Facebook. But Apple then demanded that everyone except them shows a big disclosure popup in AppStore which doesn't appear for their apps since they're preinstalled.

> And their description listed under the Privacy section, "The Apple advertising platform does not track you" couldn't be more clear.

Note the weasel phrase "Advertising platform". Remember, Apple keeps all of our private data, messages and even locations stored on their servers. Well, at least from most of us that use iCloud.
Sorry, I got animated and committed the faux-pas of familiarity. I forgot that this medium is not the same as a lively discussion between people who "know" each other - I see lots of your posts and the thoughts and depths of your knowledge.

There has to be some reason.
Please add a screenshot to see how it looks like.
But the expectation that the existing players will continue dominating is what makes them continue doing so. If firms were a bit more precarious there'd be more entrants.

I guess he didn't word it very well, because he does seem to suggest that some real businesses aren't doing much. I guess it's like his vampire-squid article, it's hyperbole.

The thing about low rates is we no longer discount the future. If rates were 10% and 2020 happened, Delta would be worth a whole lot less. This would allow new shareholders to buy into it. At the moment things are being valued like they're going to be great forever. Why should we all be tied to a really long and optimistic time horizon? It seems wrong, because there are things that you should expect to happen over 5-15 years.
I am a scientist and I am pretty happy by most journalists I have interacted with and most science articles for non-scientists I have seen. Like all media, just stick to reputable outlets.
Yeah - there are folks I think interested in having things done. They pay, you do it, they are happy.

And then there are folks who have their own problems - they may be disorganized? Have internal conflicts? Have other financial issues. So they come in saying - hey give us a break on cost. you do. And then you are in for it, because they can't agree internally, complain about everything.

This EU situation reminds me of that. Instead of saying how can we help increase production its endless blaming etc. Isn't the company an EU company? Why wouldn't they make wht they can?
I guess that makes sense, after deleting the positive reviews and the app itself and the developer account. Keeping a fraudulent app around is pretty bad.
This article was great, thanks for sharing!

Anyone has advice on optimizing a windows 10 system? I have a haswell workstation (E5-1680 v3) that I find reasonably fast and works very well under Linux. In windows, I get lost. I tried to run the userbenchark suite which told me I'm below median for most of my components. Is there any good advice how to improve that? Which tools give good insight into what the machine is doing under windows?
I'd like first to try to optimize what I have, before upgrading to the new shiny :).
When it comes to antitrust for platforms, equivalency is exactly what's being tested. That is: are 3rd party applications treated the same as 1st party ones?
You were asked on every single OS update whether or not you wanted to share usage and crash data with Apple and third party developers.

And it is opt-in.
you name it ... looking something up in a book takes much more effort than just googling. that's why there was a stronger incentive to memorize.
They did overdo it with the trashcan.

I also remember that for the longest time ever they had a far too clever trick to show movie-quality videos at a time when browsers didn't really have video. They would have dozens of png pictures that they would stitch and change on the fly using Javascript. And it worked surprisingly well.
The sway window manager has this feature built in and it's wonderful. I use it all the time.
Apple trades an order of magnitude more per day than any of the stocks that were halted. Somehow the clearinghouses have no trouble with the Apple volume.
It's far simpler than that. There was no scam, just a long steady accretion around those that pointed out the fundamental mispricing of gme, and the explosive nature of any expected correction given it's extremely high short ratio. The rest is just piling on, and even less understandable than most reddit piling-on given the volume and technical nature of the issue.