skysight-inc/HackerNews huggingface dataset:
No! But the hedge fund that is Robinhood's largest customer does have very large investments in a different hedge fund that had a large short position that they have since existed. But that exit (and corresponding loss) happened before the buy prevention. There is a bunch of FUD going on.
Propose shifting the article to the suit itself:

https://www.courtlistener.com/recap/gov.uscourts.nysd.553175...
Ah yes, Wilmington NC 1890, the place I go to when I need to imagine what could possibly happen in DC not 130 years later.
There is currently no plan for PWA support in Firefox
Not only idealism. There is plenty of "I scratch my itch" kind of thing.
(sharing can be done for self markeeting purposes, bragging rights)
> This lawsuit will go nowhere. At best a tiny settlement after years of litigation. Congress will have a few hearings for show, so reps can get face time and claim to be "for the people". SEC will wag their finger, might even levy a few hundred thousand in fines.

This will be the end of wall street. Or at least, the end of companies like Robinhood. Faith in American systems were already at all time low after last four years and now with this kind of market manipulation at the expense of retail investors, American stock market will be bust. There is zero reason to play in this casino.
I think a windfall tax on FAANGs would get us 80% of the way there - with governments around the world appropriating a suitable levy and then pouring that levy back into "grassroots OSS". The how part is a bit troublesome - it should have a VC style flavour (effectively setting up hundreds of software foundations with old school grey beards helping the selection process) and providing summer of code style grants to just get things off the ground.

Governments (imo) should be almost exclusive users of OSS - and if the code they want is not put there, seed it.

I am not fond of governments do it all for us, But it is hard to imagine how else to extract money from corporations resting their profits on the commons.
I agree, instead of the original idea of the internet being a utopia of free speech, decentralization and free trade, it has devolved into a place where a select few oligarchies reign supreme pushing their views and actions onto the billions of users forced into their monopolies. Laws do not apply to them and even when they break their own TOS there are no repercussions.

A strong digital rights for users is a good start, but I think the end goal is that they(the tech monopolies) are essential utilities for a majority of the world and should be regulated as such. A CEO should not be able to silence a democratically elected leader from a communications platform(congress or a govt. communications committee should decide), users should be able to buy the stock of their choosing(the SEC can decide to halt trading pending illegal behavior) and not have that right removed by a companies CEO.
> No one talked about a fundamental case why Gamestop the company was worth a lot of money and would be successful in the future; instead everyone made the argument that due to a very high short interest of 100%+, that a short squeeze would send the price “to the moon”.

All of this started on Reddit because someone made a case for their fundamentals.

Here is their Reddit account: https://www.reddit.com/user/DeepFuckingValue/

Here is their YouTube account: https://www.youtube.com/c/RoaringKitty/videos

He is considered a legend by all of the people on WSB (of which I am not one) for it and kicked the whole thing off.

My question is.. how does a guy on Reddit and YouTube giving a fundamental analysis of why he valued a stock, and millions of people seeing value and buying it, differ from something akin to Mad Money?
Retail investors aren't really the customers, unless they borrow margin really they're the product.
In case anyone is wondering what the big deal is with ggplot / plotnine, I record myself doing hour long data analyses in python with it!

I've noticed that a lot of bootcamp grads can use matplotlib to do very simple plots, but when it comes to iterating on a data analysis (trying different plots, facetting on variables, etc..), they get tripped up quickly.

I'm trying to use a port of dplyr I'm working on (siuba) and plotnine to show what on-the-fly analyses might look like. Can't speak highly enough of plotnine!

https://youtu.be/z6xNKZZMWgU
>Apparently the dividing line between pro- and anti-gun isn't left versus right, but pro- versus anti- state-monopoly-on-force.

And yet the traditionally pro-gun camp supports the Second Amendment of the US Constitution which, like all laws, is only legitimized by a government's monopoly on force. Also the traditionally pro-gun camp tends to be strongly pro military and pro law enforcement -- in other words, supporting of the apparatus by which the government executes on its monopoly on force.

If they were truly against the government's monopoly on force, they would be anarchists, but they aren't, they're statists by a wide margin.
Melvin capital exited the short position two days ago, the loss is realized.

Edit: It was a company announcement material to the fund's prospects, if they lied it would be grounds for a securities fraud suit from their investors.

Sometimes the world is not a big conspiracy out to get you.
Your list is a much easier read, and consequently a far more effective communication than the article.

The last two sentences are not required and could be omitted for clarity, or at least truncated beyond the conjunction "and" in sentence two of your last paragraph.
> Why would you lead with this "most short positions are actually held by retail investors" quote

OP mis-spoke. Most institutional investors do not short sell [1]. But the ones that do short in greater volumes than retail [2].

[1] https://scholarship.law.ufl.edu/cgi/viewcontent.cgi?article=...

[2] https://www0.gsb.columbia.edu/mygsb/faculty/research/pubfile...
Boomers hated Nixon because he undermined the Vietnam peace process for personal political gain elongating the war that they then had to go to the trouble of dodging the draft (as long as they were rich enough).

We can be as cynical as we like about boomers and then going on to be Reagan voters, it doesn't change Nixon and Kissenger's status as unprosecuted war criminals.

I'm not overly familiar with Quaker orthodoxy, I'd be surprised if dropping bombs killing 500k Cambodians is consistent with it. Nixon wasn't all bad because no human is, even he who must not be named was kind to (some) children, we're told.

Not all bad can still be utterly horrific.
The word "scam" is very odd in this context and is completely throwing me off here. What is he talking about? Kitboga?
There is nothing inherently wrong in short interest above 100%, as you point out. There is no disagreement from me that it's possible to both have large short interest and at the same time have healthy economic activity devoid of fraud.

The core of the social movement here is an asymmetry in who gets to engage in audacious economic transactions. Is it reserved exclusively for the institutions we should be thanking for maintaining the pillars of our society? Maybe if a fund decides to take out an audacious short position, retail investors should be able to have an equal and opposite reaction to it.

The suppression from trading platforms and the asymmetric response here is only supporting the cause of the movement, and not helping with getting us closer to "thanking" the funds.
They aren’t the only people with short positions. They could’ve exited and others picked it up.

I’ve no dog in this race; just thought I should point that out
>SEC will wag their finger

I think SEC greenlighted what in my view amounts to a highly illegal action by Citadel/Robinhood (as i think Citadel still has exposure, probably indirectly, on the short side). The situation in its nature does look like the CDS calls which caused the 2008 crisis. I think some "too big to fail" players wrote a humongous amount of GME/etc. uncovered calls (and similarly structured contracts) in the previous months which now threaten to take them down. I mean writing the $100-200 GME calls were practically free money back then while these days it has materialized as the tens of $B liability. Similar to CDS - the statistics practiced on Wall Street permits to have tremendously huge potential liability if it is at a very low probability. When such a low probability event happens though ... hopefully you're too big to fail and the system would then step in to save you by socializing your losses in some way.

So, before going outright bailout road which would be tough politically, i think big people decided to try to spread/socialize that "too big to fail" players' loss among the retail investors, and thus the stock buying block for retail investors (i'm voting with my dollar - have a bit of long of AMC).
Oops! Fixed that last night and then overwrote the fix with my next deploy. There's a version control lesson in there for me.

It's fixed now.
Schwab, E-Trade.
I had the same thought because DoorDash was once pummeled with arbitration fees by angry drivers, and it looks like Robinhood doesn't specify who pays the fee. I'm assuming that leaves the burden on the consumer, but maybe their arbitrator (FINRA) has some rule I'm missing.
Also see GME in Fidelity
With Gary Ginsler at the SEC, who knows?
You mean like HTTP? Isn't Google already doing this?
Foreign Memory Access – Pulling all the threads
This is so misguided. Why did people think they can put on a 8 sigma short squeeze on Robinhood of all platforms? That said this has gone mainstream and the ramification will be significant across the board from retail options to overall regulation on discount brokers to order flow sale. Net effect is likely higher cost of trading for everyone.
In other words, Citadel is a customer of RH while the app's user data is the product.
I've been fully remote for a few years and more remote than not for quite a bit longer. But it's difficult for me to imagine having done this as a fresh grad. Very different time and communication channels to be sure, but still.
And these businesses have contracts specifying that they can increase prices absurdly high from one day to the other?
They drew extra credit line today, and saying they cannot keep up with the capital obligations. It seems like they are insolvent for a moment today, not sure what's their current state of affairs.

RH requires much more SEC scrutiny really. A brokerage cannot go broke by facilitating trades, it supposes to be a risk-free business.
A viable L2 is one that is properly decentralized, though its consensus mechanism need not replicate the mechanism of L1.
It might not be worth it for you, but it's definitely not greedy to charge that much. Always remember that your freelance rate should be double your full time rate (maybe more) so really it's like a $75/h job or $135k/y equivalent, and then there is the fragmentation of time mentioned, and the fact you have to mentor in real time (unlike coding you can wake up at 4am and get a bit done).

Therefore I think it's a reasonable price to charge. Whether it is worth $150/h to you (or your employer) I guess depends on the business. But if your company has say never used mongodb before (for example), it's not much to pay to get someone with all the battle experience to come in and get people up to speed rather than say have production outages as people didn't know what they were doing, or alternatively hiring someone full time at a cost of $200k just for their mongo expertise.
That isn't the Play Store.
I need "xterm -S/0" to work. Ubuntu 21.04 is dead to me.
Jtoolprovider-Plugin: Maven Plugin for JavaFX
Of course it's not political, in the sense that RH routes their order flow through Citadel's MM arm, who are probably getting squeezed by Gamma on their (previously) OTM naked calls, and if Citadel is the prime broker for all of these shorts _significant_ exposure on that end, as well as the exposure that Citadel hedge fund has on the short position through Melvin.
The founders' pick for most popular way of going public: SPAC
Great writing.

Currently, there is some person with $260M in Bitcoin on an encrypted drive.

https://www.techradar.com/news/ironkey-maker-couldnt-unlock-...

I am sure they would be willing to split it.
Most* PSD files contain a "preview" copy of the fully-flattened document (which is compressed.) Flat white image compresses far better, so that portion of the file doesn't take as much space.

Depending on what your layers look like (how many, how much they cover, etc.) it's not too surprising that the preview image could take a substantial fraction of the total file size (sounds like ~20% in this case!)

* I believe this behavior can be toggled off with an option.
But they've taken themselves out of the newbie market. Newbies now see them as shady. Potential newbies now see them as shady.

I think you're drastically underestimating the reputational hit they took today.
It's...complicated. Citadel (a fund) loaned a bunch of money to Melvin Capital which has a huge short position in GME. Citadel Securities, a separate entity, pays Robinhood a lot of money for data about its orders and helps execute these orders, while simultaneously using the data to make favorable trades for themselves. Citadel (the fund) and Citadel Securities are both owned by Citadel LLC, but supposedly operate completely independently with no collusion.

"Citadel owns Robinhood" however is completely false.
But citadel subsequently took a new short position
That's what Melvin Capital claimed through a PR person, but that's not what anyone actually believes.
You may want to look up Reg NMS and the various rules about internalizers.
Good grief, can you imagine trying to sleep at night with a portfolio of unsecured medical debt? "Pay me for your cancer treatment!"
Apologies if this is too tangential, but does anyone know where I can find a good explanation of why patent "trolling" is seen as worse than any other kind of IP enforcement?

TL;DR:

My (perhaps wrong) view is that people are misdirecting their anger; that the real target should be governments' loose standards for what's patentable, and for the breadth of some of the patents they issue. But given that people don't show equal outrage for copyright / trademark litigation, I suspect I'm genuinely missing something.
There's no proof of this. Look at actual stats, GME is STILL shorted over 100%.
You can if you want, but if you don't believe corporations should have a right to their property, tossing "they have a right to ban you from speaking" in someone's face is a bit disingenuous.

And also, counterproductive. If you'd like to change the rules, perhaps defending them every time they're used to hurt your ideological opponents is not the way to do that. Maybe it would be more effective to agree with them and help them.
We have no proof of that
But the shenanigans Wall Street carries out isn't the world's best kept secret, and this adds more noise than signals to the mix. The Wall St vs the masses narrative is entirely fake (a lot of market makers and funds already long on GME are delighted at the influx of money from novices, and some of the shorts will be little guys too), the claims of shenanigans don't really add up (Robinhood suspends trading today to benefit a partner who unwound their position... yesterday) and we're certainly not seeing middle ground arguments on shorting, or funds, or anything really. And people aren't going to get more open minded after they lose money in their first significant interaction with financial markets.

I doubt reforms that might happen as a result are going to be what people piling on meme stocks want either.
Seems similar to the users vs. customers (advertisers) situation that most websites have.
Unfortunately the odds of winning in the stock market even buying random stocks are still way better than a real casino, and casinos are still around.
Melvin capital [claimed to have] exited the short position two days ago, the loss is realized.
I think the suitability standard applies here, and will probably be the main defense for the brokers.

https://www.investopedia.com/articles/professionaleducation/...

https://www.finra.org/rules-guidance/key-topics/suitability
No proof of that. Pure speculation. It’s also in their interest to spread such rumors.
Equivalent Salary Calculator by City
> You're not wrong, but how is GME different that any other stock someone could have gone all-in on?

It's different for the very reason that we are discussing it: Because people got together to deliberately (and quite possibly illegally) manipulate it into a bubble.
OpenBSD just gets better every day. Kudos to the developers, it’s nice to have an alternative to Linux which works so well on the desktop.
No, we don't have data that masks are protective in a salon situation where people are in close contact for a long time. I wouldn't trust the masks that most people are using (surgical masks with half-inch gaps on either side and quarter-inch gaps around the nose, or single-layer cloth masks) to protect me in that scenario.
I don't understand how you could possibly be angry when you didn't even take the time to read the ToS.
Oh please... own your risk
Wallstreet feeds off of 401ks and municipal pension accounts. Retail investors can't influence the market broadly. Americans aren't going to stop putting money into 401ks and 401k administrators aren't going to stop shoveling money into their friend's 'funds.'
or the media steps in and runs damage control
all they have to do is lie for a few months and people will completely forget
hell, even if they have to lie for a few years, they already did that with ebil organge man and it only made the public trust them even more

pension funds arent going to stop putting money into private equity, today will just make people less inclined to go retail

I could see a lot of money leaving wall street for emerging markets over the next 10 years but I dont think a full divestment from american markets will happen in my lifetime
I got scared after this thread and entered a market order to sell on the open today.
> Apple, which has made privacy a key tenet, prefers that consumers pay for their internet experience, leaving less need for advertisers. In contrast, Facebook relies on data about its users to fuel its digital advertising business.

There is the law, and then there is the court of public opinion.

This (potential) lawsuit seems like revenge for denying FBs access to fingerprint/track/identify/sell everything about you. And such a case would spill out a lot details for the public to see. Kind of surprised they would lean this way.
Yeah, I understand what N+1 queries are and how many ORMs make them too easy.

For me, ORMs become a problem when they're an excuse to avoid learning SQL. If you understand SQL, you will probably understand why the example you give is a bad idea. If you don't, you won't. I'm speaking from the point of view of having written, at this point, thousands of lines of SQL at minimum, and having decided that it's not how I primarily want to access data in the applications I write. The ORM queries I write are written with rough knowledge of the SQL they generate, and I try to be very careful with query builders to avoid the exact case you bring up.

I think LINQ in C# does a pretty good job of bridging this gap, actually. It could be better, but it discourages looping and encourages the declarative style that efficient SQL requires.
How many simultaneous visitors can HN handle with that single core?
So the HF strategy is now to:

1. stop hemmorage

2. lose their edge in market (buying order flow from RH)

3. go to court & hopefully settle for less than their AUM.

All in all, this seems like a desperate move. Every securities lawyer is celebrating right now because they have a home run case.

Either way, Citadel is screwed but the HF managers probably decided its better to call it a day at -30% than over -100%.
OMG! such a crap list - going from nowhere to nowhere
Yup. For me the process is something like:

1. Think that I know something.

2. Write about it. Realize I didn't know it anywhere near as well as I thought.

3. Reflect on and actually understand thing.

4. Edit writing now that I actually know what the hell I'm talking about.
If oblivious sarcasm is your only recourse for when you have nothing left to contribute to an argument, then I accept your concession.
Exactly. And sometimes they're not even taught it! But since they also weren't taught the foundations, they also won't know how to "ask" questions. So they end up searching for "how do go to another page using Javascript", which will obviously yield results with window.location.
The importance of simple prototypes...

"Is that they are easy to write & re-write from thoughts..."

:P
Yes, SonoBus looks really promising! I was surprised and also a bit proud to learn that it uses a fork of my AOO library (https://git.iem.at/cm/aoo/). I have been in touch with Jesse for the last couple of days and I'm (passively) following the development of SonoBus.

AOO is a C/C++ library for flexible on-the-fly multi-channel audio streaming and OSC messaging over local networks and the internet. The repo also includes Pure Data externals and Supercollider extensions.

WARNING: AOO is still alpha and there are breaking changes between the pre-releases, but I hope to publish a final release soon!
Robinhood is done as company, no matter what happens with the lawsuit. They had one job, trade stocks, and they refused to do it at the most critical time under very shady circumstances. How can anyone trust this company with their financial future after today?
Ayup. And that concept then implies the corollary: Outside Context Solution.

Fav example for both is Buffy shooting that ancient demon thing with a bazooka.
Insightful interview.

More money quotes:

ANTHONY DENIER (CEO Webull): [...] our clearing firm simply cannot afford the cost to settle those trades. We cannot use customer funds to front that cost due to regulation. So the brokerages or the clearing firms have to go into their own pockets to do it. And they simply can't afford the cost of that trade clearance. That is the reason why these stocks are coming off. It has nothing to do with the decision or some sort of closed room cigar-- smoke-filled cigar room of Wall Street firms getting together to the dismay of the retail trader. This has to do with settlement mechanics of the market.

ZACK GUZMAN (interviewer): [...] We had the CEO of Robinhood on yesterday kind of talking about why they were taking a different tact [sic] and not restricting trading because, you know, they wanted to leave it to their individual retail investors to make these decisions. Didn't want to step in and fuel into the nanny state idea.
But what about maybe curbing this a little bit earlier? Because the fact of the matter is, you're going to have retail investors who are now kind of on the hook, who might want to dump some of these shares, who are stuck. And it seemingly looks like some of these moves have now triggered the bubble bursting. So what do you say to that?

ANTHONY DENIER (CEO Webull): Well, that's absolutely false, actually, Zack. There is no way that a customer would not be able to sell a position they hold. We are simply stopping opening of new positions. Liquidations can happen at any time. This is general market mechanics. We have customer protections in place. We would never stop a customer from being able to get out of a position.

[...]

I think when you say the regulators stepping in, it will happen on both sides. It's going to happen on looking into should a hedge fund be allowed to get a 10 times leverage and short 140%, 150% of a company. Should that be allowed in a regular-- you know, in a healthy market.

And then, on the other side, should it also be allowed to have mob and herd mentality of rolling into stocks? And should these things be curbed? Look at the examples that happened overnight in Australia, where a mining company, GME in Australia, was up 100% overnight because people just blindly went in on anything GME without reading below the headline.
The real owners of the Markets showed up!