Subreddit And Forget It

The COVID strain first discovered in South Africa was found in the United States for the first time in the state of South Carolina. This strain is more contagious, and there’s some concern that it might be slightly more vaccine resistant than the strains we’ve been dealing with thus far.

Robinhood and similar trading platforms restricted purchases of Gamestop stock and other companies targeted by Redditors yesterday, and the values of those stocks dropped off dramatically. We talk through the steps that brought us to this point, how lawmakers are reacting, and what's next.

And in headlines: nationwide protests in Poland as the government enacts a near-total abortion ban, Austin votes to use police money to fund supportive housing, and GM will stop making gas and diesel powered cars by 2035.

Show Links:

"Robinhood’s Customers Are Hedge Funds Like Citadel, Its Users Are the Product"

https://www.vice.com/en/article/qjpnz5/robinhoods-customers-are-hedge-funds-like-citadel-its-users-are-the-product