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Category: business finance

Bots Reportedly Helped Fuel GameStonks Hype on Facebook, Twitter, and Other Platforms

Bots Reportedly Helped Fuel GameStonks Hype on Facebook, Twitter, and Other Platforms

Photo: Chris Delmas/AFP (Getty Images) The s0-called GameStonks saga had some help from automated bots hyping up “meme” stocks on Facebook, Instagram, Twitter, and YouTube, according to an analysis by the cybersecurity firm PiiQ Media reviewed by Reuters. Users on the Reddit forum r/WallStreetBets teamed up last month to trigger a massive short squeeze of …

Bots Reportedly Helped Fuel GameStonks Hype on Facebook, Twitter, and Other PlatformsRead More

Winter Storm Energy Prices in Texas Leave Customers With Astronomical Bills That Can Reach Up to $17,000

Winter Storm Energy Prices in Texas Leave Customers With Astronomical Bills That Can Reach Up to $17,000

Power lines are seen on February 19, 2021 in Texas City, Texas.Photo: Thomas Shea / AFP (Getty Images) As if freezing for days and living with power outrages weren’t bad enough, some Texans now have to deal with the steep financial consequences from the storm. The latest blow came via the electricity bills, some of …

Winter Storm Energy Prices in Texas Leave Customers With Astronomical Bills That Can Reach Up to $17,000Read More

I Waited Five Hours for AOC to Ask the Robinhood Guy a Question, and This Is What I Got

I Waited Five Hours for AOC to Ask the Robinhood Guy a Question, and This Is What I Got

Photo: Noam Galai (Getty Images) Those of us who sat through yesterday’s five-and-a-half-hour House Committee on Financial Services hearing on the GameStop short squeeze had maybe, foolishly, hoped against hope to see some cold hard accountability. We came to hear Robinhood’s CEO explain why, at the peak of the GameStop run, the trading app shut …

I Waited Five Hours for AOC to Ask the Robinhood Guy a Question, and This Is What I GotRead More

Renewable Energy Had a Record-Setting Year Despite... All This

Renewable Energy Had a Record-Setting Year Despite… All This

A rainbow forms behind giant windmills in California.Photo: David McNew (Getty Images) You don’t need me to tell you that 2020 was a terrible year. Covid-19 killed nearly 2 million people, including more than 350,000 Americans, and the pandemic left the global economy in shambles. But a new report shows that all things considered, one …

Renewable Energy Had a Record-Setting Year Despite… All ThisRead More

Tesla Discloses $1.5 Billion Purchase of Bitcoin in Latest SEC Filing

Tesla Discloses $1.5 Billion Purchase of Bitcoin in Latest SEC Filing

Photo: Hannibal Hanschke (Getty Images) Tesla has purchased $1.5 billion in bitcoin, according to its latest SEC filing on Monday. The electric car company made the purchase sometime since January 2021, though the filing doesn’t say what price the company locked into. From the SEC filing: In January 2021, we updated our investment policy to …

Tesla Discloses $1.5 Billion Purchase of Bitcoin in Latest SEC FilingRead More