U.S. TREASURY SECRETARY YELLEN TO CALL MEETING OF SEC, FED, NEW YORK FED AND CFTC THIS WEEK TO DISCUSS GAMESTOP-RELATED MARKET VOLATILITY: RTRS
She will of course recuse herself because Citadel is involved, right?
There was a bill introduced in 2018 to tax high frequency trading firms 10 basis points for rapid trading.
It was forecasted to generate $777B over the next ten years.
The bill was killed.
This is how you entrench inequality:
We let the poor “invest” in lottery tickets, sports gambling and casinos but not startups.
The first three are perennial losers. Startups have returned 15% over the past 50 years.
All the money in 2008 was made by suits identifying a market dislocation and exploiting it.
All the money in 2021 was made by retail identifying a market dislocation and exploiting it...until the suits intervened.
👀
What’s the difference with these two statements?
Facebook and @RobinhoodApp are the same:
They both trick you into thinking you are the customer. But, in fact, you are the product and your data is the asset.
These assets are then sold to their true customers who pay them money and always at your expense.
STOP BEING TRICKED!
@NBAOfficial Will you be considering VR as an additional viewing option when the season resumes? Something like @nextvr? I imagine it would be simple to manage and offer fans some added interactivity. #NBAisBack