skysight-inc/HackerNews huggingface dataset:
> If this is about people trading on RH on margin, then just... stop allowing people to use margin to trade GME etc. "If you wanna buy GME you gotta have the cash in your account to cover it".

All Robinhood accounts default to Reg T margin accounts.

The entire UX is built around this idea that the margin is transparent to end users. How many Robinhood users are aware that when they open an account, transfer money, and buy stocks all in the same day they're actually buying on margin? The cash isn't in their account until the bank transfer settles.

Likewise, when Robinhood users hit sell and then use the funds to re-buy another stock or back into the same stock, they're buying on margin. Technically the first sell doesn't clear for several days, so the subsequent purchase is made on margin.

This frenzy surely pushed the limits of Robinhood's available credit lines to support all of this margin activity.

Meanwhile, clearinghouses everywhere are increasing collateral requirements for stocks like GME. If Robinhood was struggling to secure additional credit while also facing increased fees for trading stocks like GME, they may have had no choice but to either pause the entire platform (to avoid running afoul of SEC-mandated margin requirements) or pausing meme stocks while they figured out another solution.

> Why in the world would you expect RH to act in the interest of their users

If the whole platform blows up because they go insolvent, that's even worse for the users.
The available cash in a brokerage account can be a bit of a fiction, in that the brokerage may not literally hold it as cash, they may put it in a low-yield safe investment and keep the interest, and they may let you trade with unsettled funds from stock sales or bank transfers that haven't cleared yet.

US stocks have T+2 settlement, when you buy or sell the money and stock are really only exchanged two days later by the clearinghouse. Until that happens, if they let you trade the proceeds immediately, you're kind of trading with a very short term loan that has your "sold" stock as collateral, it's technically not totally risk-free.

You can buy with unsettled cash even in a cash account but there are a few rules to follow to avoid violations. In a margin account you may be trading with margin without realizing if you trade frequently and don't pay attention to settlement.

Even if you're not trading margin the whole system is kind of running on short-term credit and there are capital requirements. The clearinghouse has to make sure the brokerage can fulfill all its obligations for all the unsettled stuff for the next N days even if it goes under tomorrow.

(EDIT: The whole financial system tends to run like this.. you can spend the money from a deposited check long before it has cleared, etc.)
Big Tech is really begging for some regulation. They are really likely to get it soon too.
Go ask Apex Holdings.

https://twitter.com/public/status/1354826467184578571?s=21
Monetization of debt means hyperinflation these days. Free, easy money.u
Yeah, but the house doesn't usually interrupt the poker game to tell one player he's only allowed to call or fold and no longer bet.
Do you seriously believe the average person won't think like that?

It's breaking trust at the society level.

It can become extremely dangerous when a large percentage of the population don't believe there's a social contract anymore.
Is there a specific metric you're thinking of? My understanding is that income inequality is at an all-time high, and I'd be very surprised if it were worse 10 and 20 years ago.

Examples: https://equitablegrowth.org/eight-graphs-that-tell-the-story...
TIL it's Washington DC. I assumed it was Washington state, due to Amazon's presence there.
Hertz was within a day of issuing more shares before the SEC told them to fuck off because it was bankrupt and the prospectus was literally “you will likely lose all of your money immediately”.

GameStop has had enough time to do an additional offering. It can happen in a couple of days.
> they instead chose to harm their customers

Joe Shmoe app user are not Robinhood's customers.
Might have something to do with them preventing their users from buying today to save their hedge fund masters, no?
Why call it "hysterical clamor" if you have any intention of having a real discussion?
But the question is, how do you mobilize enough people to act on something that causes market movement? As I understand it, the new thing wasn't lots of short positions, it was that a bunch of people coordinated to make something dramatic happen. Isn't that the problem?
$118? That's daylight robbery. It must have been the lowest point of trading today.

In fact, when I look at the stock chart on Yahoo the lowest value $GME had was $126!

https://finance.yahoo.com/quote/GME?p=GME
Because it's still a problem. More people need to know and understand how the world works, and importantly, how it's working against them! :-)
I assume you’re in the UK if you’re using iPlayer.

Why not just use Freeview? It’s not quite as fast as analogue TV because it has to acquire and decode the digital signal, but apart from that it’s just as convenient, the quality is better and there are many more channels.
That’s why WfH really means Work FOR Home for many. I know of many who really worked 2 shifts, balancing between WforH and WfromH.
How slow is Vivaldi:

Download fresh Vivaldi Stable - 3.6 (2165.34). Open non existent domain to land on a very light "this page doesnt exist" ERR_NAME_NOT_RESOLVED error page. Start Cloning Tabs by Shift clicking in the Tab bar, then Right clicking and selecting Clone. First you clone one tab into two, then two into four, etc. At cloning 64 Tabs to 128 opening every new Tab will be taking ~1 second per Tab. Cloning up to 256 open tabs will take you anywhere between 5-15 minutes!!! At this point switching between Tabs will FREEZE UI for 8 seconds.

Let me repeat - EIGHT second freeze while switching between empty error page Tabs.

At all times Vivaldi UI will be freezing with one maxed out thread of 16 thread 4GHz CPU, other 15 threads resting at minimal load.

Right clicking on the first open tab and selecting "close Tabs to the Right" will close 255 Tabs at once - this will FREEZE UI for ~1.5 minutes. >100 seconds of frozen UI while browser is closing 255 empty html only Tabs. Again one CPU thread maxed out, rest idle.

Welcome to a browser made using React framework.
IB is the only other one I knows. Last time I checked I can buy on E*TRADE or Ameritrade.
The accounts were more likely blocked from a sell.
America Is an Oligarchy (2014)
Dogecoin: The joke cryptocurrency that somehow became real
I like the guy but I disagree with his fatalism. If we managed as human beings to curtail what was considered normal for millennia, to wit slave trade, we can also make things way better.

We need to start by making it illegal to be a billionaire.
I think this isn't doublethink at all. I agree on the latter point.

In some contexts you do have to consider both, i.e. there are some loonies in every corner but the actual philosophy behind cancel-culture isn't necessarily a bad one of it wasn't the focal point of an extremely violent culture war and being aggressively pumped by social media not designed to encourage introspection or even basic humanity in its participants.
I'd love to get in touch - we offer a similar service to Axle Health. My email is in my bio.
I meant the general tone of this forum in regards to private companies doing what they want. Last week it was parler being deplatformed and most here were happy with that as the free market was doing what it wants. Now the free market is doing the same and people are pissed.

Unless you think that what robinhood did violated their contract, but I doubt the court will see it that way.
Something like 50% of RH users had $GME positions.

100k is probably on the low side of angry users right now...
I think there are a couple of other recent presidential hopefuls who centered their messages much more around reducing the structural power of billionaires and large corporations.
Am I crazy for thinking that the solution to AWS outages is not in fact doubling down on your reliance on AWS? No one has mentioned it.
> could become US president riding this public sentiment

It already happened 4 years ago.
How is this possible? Can Robinhood just ask Google to remove 1 star reviews??
Not sure if I should add [2018]-- note this article was originally written then but was reposted today.
I read that the CEO of NASDAQ suggested a trading halt (for everyone, buy and sell) and that articles suggesting otherwise were later corrected from the poor reporting in the rush to get a scoop.
Can't repeat this enough. "Its a big club and you ain't in it" - George Carlin.
A lot of people are waking up to the coordination between the Oligarchs. Its hardly a surprise. The politicians, their government lackeys and media are in bed with them nice and comfy only feigning outrage when the system appears threatened.
What's the Educational Edge in Top Computer Science Universities?
Hi friends,

I know that top colleges have great connections and maybe better hardware, but regarding the educational part, since many of their lectures, note and labs are online already, what else edge do they have?

I can think of a few, for example:

- Sharper students
- Can discuss with professors easily
Thank you for sharing. It is amazing to me how so many people in social media are assuming that Robinhood or others are teaming up with institutional traders to crush retail investors. It's not wrong to speculate about such possibility, but what I am seeing is people believing this theory with near-certainty, without understanding the underlying mechanics of trades, the regulations that govern it, and the kind of financial complexities firms like Robinhood can encounter.
Is there anyone that understands how this all works enough to tell us what would happen if the same number of hedge funds and banks, went out of business, as the number of small businesses that also went out of business due to COVID. What would the fallout in the economy look like? Worse? Better?
These centralized app stores are part of this problem
Now THAT is truly adorable.
Given that 2021 is gearing up to become even weirder than 2020, it wouldn't surprise me if the next president was WallStreetBets' own /u/DeepFuckingValue...
Hmm that's possible. I've had this problem on multiple Mac's now. The files are going to my Downloads folder which triggers an iCloud upload. That uploading process shouldn't prevent it from showing in my downloads folder though.
Permitting the growth of monopolies is a form of government censorship
I expect pompeo or haley to feature prominently in that role in 2024 unless Trump himself screws things up for republicans by trying to make a comeback
I'd also like a reporting of when they force closed some of their customers positions - did they do it selectively at a time when GME was lowest? From the examples I've seen it was later in the day. If they were already taking action before market open, then why didn't they also close those accounts then?
To some extent, at least.
How do you define "fake review"? People are not happy with a company and its app and they are "punishing" the company, what is the purpose of reviews if not this?
Cyberpunk is a thing since 80s, FYI.
Yeah, I was. Multiple times. On this site in particular.
I thought that at first, until I considered that user ratings might not actually map all that well to things like how long they spend in the apps, how likely spending time in an app is to increase their time spent in the store or on their device overall, and/or how much money they spend in these places.
Note to mods: The title is from the authors blog announcing this article[1]. The original title "Inaction is a Form of Action" is drab and nondescript.

[1] https://craphound.com/articles/2020/01/06/permitting-the-gro...
> That being said, I do have a business accepting card payments and the 2-3% for me is closer to 0.1% past bank fees.

Are you saying that you only pay 0.1% in fees for accepting credit cards? Is this in the US? If so, please tell me whom because that's an insanely good deal, and they are surely losing money.

Some other pieces you aren't including - credit cards are prone to fraud. Despite paying 2-3% in fees to banks, merchants have to build systems to limit this, and pay to refund any fraudulent charges. Crypto allows for a basically instant settlement that looks very much like a cash transaction.
They should turn off market orders for the stock. Treat it like after hours where volume is limited and stock is volatile.
I'll buy the "operating in pursuit of the class interest" angle rather than the "make money off each other" angle when the bubble properly bursts and we see the media stories about the early moving millionaires bailing out the late movers who lost their life savings. I'm not betting on that. The people who architected this bubble had a fair share of self-interest.
LOL Jeff Bezos has relatively little political power and I'm the king of Gondor.
> At this point probably every hedge fund who trade equities is short GME.

I agree. Anybody who doesn't think that the algorithms have locked onto GME is stupid or hopelessly naive.

You're not punishing Wall Street, they've already priced you in and are waiting to take all your money.

Suckers.

"One of these days in your travels, a guy is going to show you a brand-new deck of cards on which the seal is not yet broken. Then this guy is going to offer to bet you that he can make the jack of spades jump out of this brand-new deck of cards and squirt cider in your ear. But, son, do not accept this bet, because as sure as you stand there, you're going to wind up with an ear full of cider."
Thanks for that. It didn't sound ranty, particularly as you were careful to qualify your ideas with pointed references to information sources and information processing.

I agree about recursion. When I first heard about it in CS101 a lightbulb lit up. It's an elegant computational mechanism to resolve complexity, given enough stack space.

When I later heard the theory that the human neocortex is so large so as to accomodate data structures to manage social contexts of communities of 150 people, it made more sense.

Our social reckoning depends on knowing or anticipating or game theorising what other people are thinking, so as to be able to assess group dynamics. But these assessments are contingent. A might support us, but only if she doesn't know what happened with B, which only C knows about, and I trust C. But I'm not sure where D stands in all of this, and I haven't seen E for a while, but she has a connection to both C and A.
Same here :) best solution all around. Easy/quick to implement and affordable
>> it will likely end with ordinary people being really cynical about the motives of big tech, the financial services industry, the media, and the ruling class generally.

That's how things were from the 70s up until the internet boom.

It's going to take another paradim shift before the cynicism errodes.
For what its worth I edited my previous 4 star review to a 1 star today and it seems to still be active. But rating the app as 1 star is not enough. We need to take our money out of Robinhood even if we end up having to pay a few dollars per trade. Also I have not made any plays on gme or the other stocks and I would not recommend anyone else do so but this type of market manipulation is unacceptable and needs to be punished.
And once there's no more hedge funds shorting, or not enough capital from retail to squeeze shorts anymore? Price flatlines, retail will eventually start selling, and the downward spiral to play musical chairs will be devastatingly quick.
you may be drastically overestimating the leftist ideals of the WSB set.
Yeah, WSB hates bankers, has nothing against founder-owners.
Not really. 10 minutes of practice with some scrap wires would give enough soldering skills to remove it safely. The sibling comment about the Bluetooth remote worries me more
> Based on what?

It's just the protest "meme" economy.

How do you think Bitcoins got to $35,000. And GameStop got to $350.
How exactly was this not the free market? Did robinhood do something illegal and break their contract?
Vivaldi is slow, definitely not speed.
Coronavirus variants: What they do and how worried you should be
Right. The selected investors that doubled the stock price before opening bell on day 1.
Now most of us have remote work experience...
I think there should totally be a commonly agreed philosophy of developers being able to say:

"Here's my hobby project, that I write for my own satisfaction. I'm happy for others to use it, and to license it under my choice of open source license. I am not though, going to feel obliged to change anything about my work on it in response to demands, requests, ideas, advice, or pull requests - or even acknowledge or read any of those. This repo will continue to be my hobby project to accomplish my goals in my timeframes for my personal amusement. If you find it useful? Great! If you want something different? I hope you make it yourself and maybe share it to, or at least find what you are looking for somewhere else, good luck."

There's a fundamental difference between "scratching your own itch" and "becoming a software project manager and community leader". I'd much rather people who only ever want to do the first of those, don't feel the need to keep all their code hidden out of fear of being pushed into the second of those.
China rolls out anal swab Covid-19 test, saying more accurate than throat method
World’s Largest Solarization of Agriculture Program Blooms: Q&A
I am very opinionated.

My ebook reader requirements:

- [ ] let me set colors for background and text. Extra points for saving more than two sets.

- [ ] let me choose my own font, regardless of what the book says. (Pallatino, or TeX Gyre Pagella, is my preference.)

- [x] let me set main font size

- [ ] let me set margins and line spacing

- [x] scroll by changing pages, not scrolling down a column. No animations.

- [x] must respond to keypresses for next page and previous page. Extra points for keys for table of contents and next/previous chapter.

- [x] footnote support

So by my standards, it's almost there. It would be nice if, after I turned a page or three, the icons retreated further, or at least did not overlap the text.
Turing proved the answer is no.

Computer programs can have remarkably simple semantics.

All compilers do is analyse dependencies (or a lack of) and do things to exploit them or their absence. The algorithms that do that are inherently not able to solve the halting problem, but that clearly doesn't hurt or we wouldn't have processors at all.

You can all kinds of useful stuff without Turing completeness - eBPF code for example is guaranteed to terminate.
respect on the cynicism (for real) but i think you can prob drill down on it. was airflow a failed business plan at airbnb? react a hail mary for fb?

principles/values based innovation anchored on open tech / open standards / open governance being a better path for these types of solutions. because the alternative is what? entire industries locked into commercial solutions til death do us part? sounds bad.
As a (very!) low level manager, I’ve been espousing that diversity prevents groupthink for years. If we have too much groupthink, we risk driving off a cliff, high-fiving each other the whole way down.
I know GameStop brought in new leadership, but a turn around is a reach, in my opinion.

To me, GameStop is the mall store (problem), that required me to pre-pay for product expected to be wildly popular (problem), offers me $2 for physical media (problem^2) so that when I go in they can offer me used for $58 instead of new for $60 (problem).

The future of gaming is downloads and streaming. GameStop may be able to generate revenue for a while selling used last gen systems while the current new consoles launch, but there's nothing about their position or business model that has a strong future. Plus, I'd say their long history of horrible customer satisfaction mean they don't have the brand loyalty for a pivot/reboot.

I don't think it's unethical to short that.
I think it's a mix. Some people certainly wanted a profit and planned to get out early, others bought in with the appreciation that they might suffer a loss when the price falls back down, but like the idea of pushing a hedge fund into bankruptcy. I have had conversations with both sorts of buyers in recent days. BTW I am not holding any positions in these stocks myself.
Citadel Securities LLC (market maker) has a relationship with Robinhood, Citadel LLC (hedge fund) the one with the short doesn't. Read into this what you want.
It’s in their blog.

https://blog.robinhood.com/news/2021/1/28/an-update-on-marke...
Fascinating. While there has been a historical group of Resource-Magnates ("Economic Elites") in charge of matters for the start of the Union, now it would seem that he or she who controls the propaganda/information controls both advertising revenues and the public, which is about 2/4 power slices.
I don't think there is any appreciable difference, at least with the Steam example, as to review it you have to have owned it and refunds are neither easy or plentiful. Besides they were usually bombed for things relating to game login changes or DRM changes not on a whim like free apps on Google Play often are (which Robinhood is).

That's not to say Robinhood didn't deserve poor reviews or Steam hiding it is good but it definitely has seemed to strike more of a nerve with Robinhood even though both were very similar.
Hopefully this can go some way to setting up a cold chain for food distribution.

“Solarisation” is such a ghastly word.
I've worked at lots of employers who ask current employees for positive Glassdoor reviews shortly after a disgruntled former employee writes a bad review.

I wouldn't trust anything on that site. The positive reviews are written under duress and the negative reviews have an axe to grind.
City of Miami actively exploring how to best utilize Bitcoin
Not everyone has a laptop or a desktop. And you can do plenty of research on a phone or iPad.
And then those bad reviews magically disappear just like the 150,000 reviews of the Robinhood app that have disappeared.
Why not?

Also, the new terminal technology doesn't necessarily have to be fundamentally incompatible with the legacy technology. It probably can be made reasonably easy to compile classic apps for any terminal technology. Many of them are compatible (although not necessarily 100% compatible) with both Linux and DOS/Windows already.
Wait what does this do?
> If anything he was just an actor

Well, he was also a union big shot for over two decades, eventually elected as president of SAG.

Then, he was governor of California for nearly a decade.

So, quite a bit more qualification than "just an actor."
It sounds conspiratorial to the average person, who isn't all that politicized or interested -- until it gets 'em. When it comes for you, it gets ya (via deplatforming or stock shennanigans or mortgage crisis bailouts or big wars and lies or whatever), and the online mainstream media Zeitgeist seems to support it, you join in on the understanding that big money corrupts and populism is worth a thought or two.
Maybe a 30 Rock bit (or just coincidence):

GE. Proud to be one of America’s 6 companies