skysight-inc/HackerNews huggingface dataset:
> Meaning 'too big to fail' applies to hedge funds now just like investment banks

LTCM wasn't making markets and it was done in by leveraged bets on Russian bonds.

The term you are looking for is systemically important financial institution (SIFI) [1]. BlackRock, with $9 trillion under management, is a SIFI. Citadel, with under $40 billion, is not.

[1] https://en.wikipedia.org/wiki/Systemically_important_financi...
Rating is displayed as 2 and half star for me.
If Robinhood users are massively long GME, a lot on margin, that's a systemic risk for RH. Firstly, there's the risk they're going to lose a tonne from these margin trades. Secondly, there's a risk they're going to destroy their business when the shorts unwind and GME turns out to genuinely be worth $20. Thirdly, if the market does go up there's a whole load of counter party risk where these short sellers don't exit, they go bankrupt. Fourthly, if this behaviour continues their business model is fucked because no one will be paying for toxic order flow.

There are lots of really good reasons why RH would want to try and get their clients' net positions flat. Since they are exposed to an aggregate risk that individual clients aren't exposed to - and obviously, those clients won't think about this, but they have operational risk that RH can't execute trades.
That entire argument depends on being able to determine individual trader's motives for their trades. Also, by that argument Robinhood is acting illegally by manipulating the availability of the stock.
i wish i could triple up vote this. This morning it seemed to be mostly rising (I saw up to like $470 when I was selling) right until I saw tweets about the blocking of buying and it tanked.
It looks really cool, will definitely check it out;

I hate that it's based on Chromium though, and Qutebrowser privacy related settings also seem quite limited compared to Firefox... (and even compared to Chromium.)
It's very annoying. They want to be able to negotiate if you are leaving because of price, and you can get it for quite cheap. But I wish they just had a more attractive list price and a cancel button.
The "Try it now" link is returning a Heroku error > https://openmct-demo.herokuapp.com/, HN effect?
Curious that this came a few hours after https://news.ycombinator.com/item?id=25939042 , I like the scripts there that automate setting everything up Kindle-side, but the Heroku app is convenient.

I modified it so fetching "/" on my instance returns a boring notice page, and the URL to fetch the dashboard PNG is "/" + a-uuid-that-hopefully-remains-secret
> a scheme to manipulate the price or availability of stock in order to cause a short squeeze is illegal.

The question I think would rotate around whether this is 'a scheme to manipulate', or simply identifying an opportunity to capitalise on Melvin's greedy position.
I mean, I get that, and I'm not opposed to having a method to turn off PRs. I'm just saying that if the impetus is avoiding crushing people's hopes because a README and template isn't clear enough, I think there are people that will still create an issue or send an email about why they can't submit a PR.
What did they imagine was going to happen? In any case, financial institutions have way more staying power - just another day.
Except for alt.hackers. It was a moderated newsgroup but there was no moderator. How do you post? That was the point. It was a fun group.
What you probably want is a snap to market order meaning that if you're buying, it will snap to the ask, selling, to the bid. I use snap mid orders, usually get decent fills without getting retail'ed.
Income is a poor way to improve well-being
The reason he gave in that video was because of margin ("the cust not being able to pay"), which doesn't explain not being able to buy with cash.
Right, I went long by buying to close my short leg on spreads, holding the long leg.
I’m not sure there are big pops on OTC listings, as the pop on an institutional listing is the difference between what they sold shares at to raise money the previous night and what the market values them at in real life.

Since you’re not raising money in an OTC listing, trading should begin roughly at market price, no?

I could be wrong I don’t really play IPOs. Well, SPACs, haha.
MongoDb then?
What prevented short sellers from closing their position 10 days ago? Why are they still short selling to this day?
Shorting in and of itself has a builtin risk/reward scenario. You're betting on the company's future performance. What's happening here is that people saw that some investors went overboard with shorting, so they started pumping the stock in order to extract money from said investors. Nobody actually cares about Gamestop's actual worth as a company, it's just a metagame effectively. Once the play is over the stock will collapse back.

I don't know if it is or should be illegal but I can see why it raises some questions.
Robinhood sent this email not long ago to me, but this also seems to be inline with what analysts on TV were saying, basically they very likely had to halt trading because the company may not have been able pay its obligations if it didn't temporary suspend these volatile trades and possibly become insolvent.

> As a brokerage firm, we have many financial requirements, including SEC net capital obligations and clearinghouse deposits. Some of these requirements fluctuate based on volatility in the markets and can be substantial in the current environment. These requirements exist to protect investors and the markets and we take our responsibilities to comply with them seriously, including through the measures we have taken today.

> To be clear, this decision was not made on the direction of any market maker we route to or other market participants.
> But that is exactly* the argument against GPL for the kernel in the past.*

Since you bring that up, could you give some good link for reading about it?
I bet this guy started his career in a small companies and is now working with big companies. Why it is important?

1. The bigger the company, means also the older the company means also a lot of design and tech debt and results in bad UX

2. The smaller the company the more you work on your UX to attract customers, the bigger the more you care about your profitability

3. The bigger the companies the more your customers are also bigger companies and then UX is not important in their choice [1]

4. In my opinion we are at a rare time in which UI will you raise a lot of money (Stripe, Notion,...)

[1] https://blog.luap.info/product-management-in-saas-b2b-enterp...
Zinc attacks against security researchers
They'll just block all users from logging in when they see fit, continue to claim it's because their servers can't handle the load, in fact it's a weak cover story of them trying to prevent impulse selling when Bitcoin et al start skyrocketing - e.g. market manipulation; it's what, happened at least 4 times now?
Education, lower-paying jobs adversely effect car insurance premiums
These companies hardly have a monopoly on internet communication, case in point: Parler is still around!
General Motors plans to exclusively offer electric vehicles by 2035
Totally valid, and I'm not opposed to an option to turn it off, I was just saying I can understand why some people might need to keep it on, even if they do have a README and PR template that makes it clear they don't accept PRs. I just think the "crushing the hopes of people that don't read" aspect is probably the lowest priority in that sort of situation.
Sort of. Delta neutrality is a target, not a given. Gamma is what forces MMs to hedge. They have been absolutely steamrolled by gamma which would leave them massively net short when you’re facing 100-200% gaps.
It doesn't need to?
High Short Interest Stocks
> Robinhood sent this email not long ago to me, but this is also what analysts on TV were saying, basically they likley had to halt trading because the company may not have been able to exist and pay its obligations if it didn't temporary suspend these volatile trades.

I smell bullshit. These are long positions, these aren't options, or trades on margin. Robinhood, and its settlement network (As well as other exchanges, who have stopped retail traders from buying GME) carries effectively no risk for settling buys and sells in them.
In defense of the d.school, what they teach are techniques and tools - not ethics.

UX broadly is in the same boat. UX is a tool. We can use it for good or for evil.

At the end of the day UX is only as valuable as how well individuals (or companies) can align their personal definition of 'good' with 'good' that the underlying company cares for.
Different perspective available, see [1]:

ACCC interim report: Google has the ‘ability and the incentive’ to control $9.1bn ad tech market

[1] https://mumbrella.com.au/accc-interim-report-google-has-the-...
It's all over the news. You don't think a story where a company halts buys so an investor can recoup their loss at the expense of the retail investors won't affect faith in the market?
OpenBSD is just so good. There's no BS. Everything just either works, or it isn't supported.
I know that OpenBSD is "opinionated" but I can't really accept that their opinion on bluetooth is "we don't support bluetooth", which otherwise seems essential, at least to me, for any mobile device.
> Nobody outside this group has direct information about the sell/buy levels of each stock

Order books have been nationally integrated since 2005 [1]. This is how independent HFT firms got their start.

[1] https://en.wikipedia.org/wiki/Regulation_NMS
That’s because it’s not automatically a fallacy. That’s a huge misconception.

> Logic and critical thinking textbooks typically discuss slippery slope arguments as a form of fallacy but usually acknowledge that "slippery slope arguments can be good ones if the slope is real—that is, if there is good evidence that the consequences of the initial action are highly likely to occur. The strength of the argument depends on two factors. The first is the strength of each link in the causal chain; the argument cannot be stronger than its weakest link. The second is the number of links; the more links there are, the more likely it is that other factors could alter the consequences."
I've seen these things come and go. #DeleteUber, no one gives a shit about it anymore.

Perhaps, you're drastically overestimating the hit they took today? Let's mark this comment and check after 6 months or a year.
> In Juul's case, fraudulent proclamations of "empathy" served as a smokescreen for the true aim of the company, which was to use d.school-inflected product design to addict, capture, and monetize an entire generation of young nicotine users.

People try to make everything about "empathy" these days. The term has been on the rise since September 2008 [0] and I've seen it routinely used and abused. Who can refute empathy or a lack thereof? I recently took a corporate training about personalities. The whole seminar was supposed to show you strengths of the various personality type, what their opposites are, and how to interface with them better. Make better teams through understanding; nothing new. One measurement went from what's basically Extremely Empathetic => Data Driven (neither being bad, explicitly stated.) Routinely people that I worked with recategorized people in "data driven" to "non-empathetic" in casual conversation. Reading this article made me realize the real deceiving UX isn't unique to code or processes, it's just human inclination for things they don't like; whether that be the "cancel" button or personality traits.

[0] https://trends.google.com/trends/explore?date=all&geo=US&q=e...
Dudester, you're just saying random shit and then expecting someone to write a peer-reviewed paper in response? Dream on.

I can't be like "Rust is a shit language" and then expect someone to write a treatise in response. It ain't never gonna happen.
> Is the society already working this way?

Remember "too big to fail"?
Nano Crypto 2021
The clear advantage that Autotools has is that it targets POSIX tools, which are the least common denominator.

m4, sh, make and friends are the shared part that every POSIX system has, without requiring any external extra tool, be it ninja/meson, etc.

Besides hand-coding a configure script that generates a Makefile yourself, Autotools is the most portable build system out there.
Amusing to see someone so confidently wrong about something.
That assumes people can see past Friday, not happening.
Perhaps I was a bit unfair, but I do believe that your accusations of criminality are unfunded. Noone credible has yet called it fraud, and if indeed it was, authorities would have stepped in long time ago.

https://www.bloomberg.com/news/videos/2021-01-28/gamestop-fr...
One need not prove fraud to substantiate the claim that it was stolen. It could have been stolen, for example, if laws were bent or broken to dramatically increase the number of mail-in absentee ballots, while at the same time decreasing the scrutiny given to those ballots as required by law.

In fact, this is exactly what was alleged in many court cases. These cases were not allowed to move forward, however, because of procedural issues, not the merits of the case (standing, mootness, and latches).
That seems like that would potentially stave off government locking off access, which is where I am most vulnerable.

I'm not in fear of the government seizing my assets, but I don't trust Google not to lock me out due to an algorithm run amok, or Tmobile giving my number away due to simple social engineering (that actually happened).

Apple I trust.
> while WSB couldn’t buy to keep the price up

Yes which could be called the crime of these brokers
Agent based models
I was referring to the fact that Zuckerberg success was possible because of his background (his parents were both professionals, one was psychiatrist, the other a dentist), and not necessarily because of good grades. Plenty of people get good grades.
> To save books in some place online like s3 or gdrive etc

How far did you make it with this? S3 is tricky because they don't offer OAuth so the user basically has to generate an IAM user and access keys and paste them into your app. I'm currently exploring solutions to this problem.
Why should they care about the ToS? It makes perfect sense to hit the company where it hurts by ruining its reputation and that's what they're doing.
I watched some testimonies from folks who were at the counting centers, many were quite convincing. Some Indian American lady named Hima pointed out quite a few attempts to make the process less neutral.
No, obviously.

You'd be surprised how much code this doesn't apply to.
PEOs make this... well, not easy, but certainly less onerous.

https://en.wikipedia.org/wiki/Professional_employer_organiza...
Comments moved to https://news.ycombinator.com/item?id=25947814.
I have an x1 6th gen running freebsd. I am a little disappointed with how it's been falling apart. SSD failed early last year. Lost contact with a usb c port a few months after that. LCD has a vertical gray line. Some paint started chipping off around the trackpad.

I will probably replace it with another X1 because I am a masochist. But I do wish it were a bit more sturdy. Other than that, I like the size and hardware support.
Opened issue here https://github.com/nasa/openmct/issues/3656 (yay for open collaboration!!)
Its amazing how all the power structure in the US was on the right (the Presidency, Senate, Supreme Court, Federal Courts, Appellate Courts), but somehow the left was able to perform one of the most coordinated acts of voter fraud in history. And not only that, performed the same fraud in the polls leading up to the election too.

If the left is this good at such a grand conspiracy, then they really should run the country.
Program Analysis: An Appetizer
The key word there is "scheme". If we both agree out loud that the sun will rise tomorrow we're not scheming to make it so.

If some dude in an expensive suit gets on TV and says a stock will fall then buys a couple billion in shorts and you do the same because you like his style the two of you aren't scheming to make it happen.

Likewise, if some guy in his basement posts on an internet forum about how he's sure a stock will go up and you feel compelled to buy some too you're not scheming.

Finally, if millions of people are collectively motivated by the idea that they just really dislike hedge funds, want to make some money, and maybe want to watch the world burn, so they buy into an increasingly ridiculous idea they're _still_ not scheming because they all made the independent decision to do so after doing what amounts to each individual's 'due diligence' and are not entering or exiting the position in concert.
Uber loses money on every ride because it subsidizes ride fare - not sure it makes sense to call them exploited even in a marxist sense
There are actually law firms that specialize in arbitration at scale.

Customers: "We want to sue you."

Company: "Sorry you can't do a class-action, we have a binding arbitration clause."

Law firm representing customers: "Ok, here is the paperwork for 1500 arbitrations, have fun with that. We can do this all day."
The term LARP comes to mind
"Valid", as in, "it works".
But the trolls and the government aren't two separate, independent groups. Whenever the patent office tries to tighten things up, the trolls go out and buy enough congresspeople to let them do business as usual. Successful business people have the power to get Congress to make things even better for them.
D has a keyword "pure", it's pretty useful. It also is part of the type signature so you can take a pointer to a pure function as a library.
"Pulling up the ladder" - thanks, that was the metaphor that didn't come to me as non-native speaker when I was last criticising the modern web and the process leading to its overcomplication by which browsers vendors shut the door behind them. With folks standing by and cheering, and self-proclaimed puppet "standardization bodies" in for job security.
That's a nice story, but it worked because of regulations and because the other website took minutes to render a page. That makes it hard to quantify whether accessibility was a significant factor in people using your site.

But thank you for taking the time to recount this story, I'm glad good prevailed over evil!
>Congress will have a few hearings for show, so reps can get face time and claim to be "for the people".

That's the Congress of ten years ago. Today we have both parties reeling from a populist revolt and anxious to avoid another one (even as they cynically try to get as many points in as possible). Case in point: among the usual suspects tweeting we heard from one Donald Trump Jr.

I doubt that they'll do what WSB wants (whatever that is) but I think there's a relatively good chance of some significant legislation coming out of this.

Robinhood seems to have reversed on buying GME, though, at least for now, which pretty much invalidates the lawsuit (but doesn't prove it was useless).
Friends of mine with $1k in are talking about how brazen this is. It's a funny cultural phenomenon. $1k is insignificant. They have $500k+ portfolios!
Risk of being scooped drives scientists to shoddy methods
kidding aside, I'm opinionated: if it doesn't suspend/resume, it's not a laptop.
You can trade Coinbase shared pre-IPO on FTX (unfortunately, not available to US users). The stock trading infra seems weird but makes sense under the hood and is reliable (happy to answer any questions people have).

https://ftx.com/trade/CBSE/USD

(this was mostly informational, but if anyone actually decides to use the platform and wants to get 5% off trading fees, also happy to share a referral link)
Defeats the purpose of using a broker/clearing house, there are products that let you trade on the exchange directly. RH probably figured there's no point in integrating all the way to the end if no one would normally use it.

Same with doing your own clearing, there's complexity involved with clearing and maybe you don't want to implement it all yourself when someone does it better for cheaper.

It's like asking why we don't all program in assembly all the time, or even have the option to mix assembly into our high level code. It's just nice having layers of abstraction that handle the annoying stuff for you, even if there's a minor cost. Why have complexity you don't expect to need?
That absolutely disproves your explanation. You said nobody was making a case for GameStop being a good stock, and the other comment pointed out that the single most popular name associated with this trade has been doing exactly that.

You also quoted the SEC saying that manipulating a stock price to cause a short squeeze is illegal but also that short squeezes occur naturally. Expecting a short squeeze and intending to profit off of it is not illegal.

You make the point that some people on wallstreetbets made comments that crossed the line on manipulation. I'm sure that's true, but if you see a few problematic comments out of millions it's obviously absurd to say that a stock mustn't be bought because of them.

Ironically, you are criticizing what is clearly not manipulation (valuing GME highly and expecting to profit off of a coming short squeeze) in order to defend what clearly is manipulation (banning a million retail investors from taking one side of a trade at a critical moment).
Ha, Graeber's debt book is a different one [0]. I can vouch for its excellence, but I don't recall him discussing jubilees much.

A cursory search isn't turning up much, do you have any reading material for the Geiger counter idea? Or is that something you're spit-balling just now? :)

Agreed on UBI, etc. One thing I've been thinking a lot about is the Ultimatum Game [1], and what it would look like to scale up that concept to a society. In a sense, that's the realpolitik of every state: if the peasants are sufficiently unhappy, they show up with torches and pitchforks, even at the cost of their short-term interests. The modern peaceful version is "vote the bums out", but that's always been of dubious efficacy; and it feels especially toothless today, given the scope of regulatory capture and "manufactured consent" in the two-party system. The next closest thing (without resorting to violence) probably looks like a General Strike, but that's one hell of a coordination problem.

[0] https://en.wikipedia.org/wiki/Debt:_The_First_5000_Years

[1] https://en.wikipedia.org/wiki/Ultimatum_game
There's no need for a Capital-I Investment App to be on mobile. You should be doing research on a bigger screen, and when its time to execute trades you shouldn't be doing them on the shitter and shouldn't care if its executed at 9am or 4pm or the next day.

The Robinhood app is totally designed to suck Millennials into daytrading on their mobiles.
If paying the reviewer for an hour or two of work would get them to look at and merge the PR right away, that’s absolutely something I would consider.

Not to mention that my company would likely pay it, not me.
I can't wait (and by that I mean I'm terrified) to see what politics happens in the midterms. 2007/8 -> tea party & Sarah Palin lowering the bar.

I argue economy/bailouts & anger had a large role. But obviously Obama, Obamacare, & racism played big role too.

It's palpable and poll-able how pissed off everyone except the top top % is.

I work in Democratic politics, am a relatively good earner, clearly engaged, and I'm pissed. I have a hard time understanding the other side (MAGA) but they seem even more angry all around - enough to attempt to murder Congress.

Maybe the best hope we have is the 'working class' (at this point I would categorize that as anyone making under $500k) getting pushed so far that we see real change to redistribute wealth and power back down.

I'm skeptical though because the other type of political polarization doesn't help; half these voters identify more for Trump / religious issues than their own interests.