In interviews Tuesday with novice traders on r/WallStreetBets, the gleefully reckless Reddit forum that helped fuel the onslaught, several said they were holding out hope that the hyperinflated stock would turn around. But others expressed deep turmoil, posting screenshots from their online banks and brokerages to the forum that, in some cases, showed hundreds of thousands of dollars vanishing in a matter of hours. GameStop stock’s climb in recent days captured the international spotlight as a “David vs. Goliath” tale for the digital age: a madcap web of everyday Joes winning billions of dollars from short-selling hedge funds that had…
Author: Sam Arnold
Sam Arnold
Arnold is a senior British tech reporter at Tekrati. Before joining Tekrati, Arnold worked as an editor for his University Newspaper, writing sharable content for a student audience. Sam loves movies, running, and anything written by Oliver Sacks. The drink he chose is tea, which he does not recommend in large quantities.
The flight announced Monday would mark another significant milestone in the privatization of spaceflight, as private companies erode governments’ long-held monopoly on human spaceflight. It is being funded by Jared Isaacman, the 37-year-old founder and chief executive of Shift4 Payments, a payments technology company. Isaacman, an accomplished pilot who flies commercial and military aircraft, would command the mission and is donating two of the seats to St. Jude. One is going to a yet-to-be named health-care worker at the hospital. The other seat would be raffled off, in an attempt to raise at least $200 million for St. Jude. The…
Geneva Long has elevated the travel experience for modern adventurers by reimagining the original aluminum travel trailer as today’s most advanced RV, the Bowlus. Geneva studied at the Wharton School of University of Pennsylvania where she first conceptualized her company of which she is founder and CEO and resides in Los Angeles, California. She was recently named to Forbes 30 Under 30. Where did the idea for Bowlus come from? Geneva Long: My first connection to the Bowlus brand occurred roughly a decade ago when my family restored a vintage Bowlus Road Chief and took it on a 3,000-mile North American…
The Fidelity debt collection industry is quite notorious. No one wants to deal with persistent callers asking about an overdue debt that they would have sooner preferred to forget. But, whether you want to be reminded or not, if you have a debt with an outstanding balance or if you’ve seriously fallen behind on your payment installments, you should probably expect to be dealing with a collection call from a debt collection agency soon. After all, not only is it far cheaper to hire agencies like Fidelity Creditor Service to collect a debt, more than one of all four consumers…
Haroldo Jacobovicz is an entrepreneur and civil engineer, who has a passion for information technology. He is also the founder of e-Governe Group, Horizons Telecom, and Horizons Datacenter. These companies were developed to bring together the best strategic resources, human talent, and technical expertise to help solve information technology problems using the most innovative solutions available. The impact of these companies, in both the private and the public sector, has been instrumental in transforming markets all over Brazil. Horizons boasts a 100% fiber network, multi-point redundancy and the most advanced equipment available anywhere on the market. It’s grown from its…
But it didn’t fly. Instead, SpaceX founder Elon Musk took to Twitter to bash the Federal Aviation Administration, which licenses space launches and is charged with protecting people and property on the ground. “Unlike its aircraft division, which is fine, the FAA space division has a fundamentally broken regulatory structure,” he wrote. “Their rules are meant for a handful of expendable launches per year from a few government facilities. Under those rules, humanity will never get to Mars.” The tweet revealed the tension between SpaceX’s Starship program and the government’s primary regulator of what gets into the air. Starship’s most…
Some acclaimed it as another masterful design. Others questioned the choice. “I hate to be that guy, but anyone else notices they left off half the steering wheel? Is the top half extra $$?,” wrote one Twitter user. The “the new Model S interior is such a downgrade, you don’t even get a whole steering wheel,” wrote another. It was just the latest polarizing aesthetic move by Tesla, known for provoking controversy with its sometimes too-futuristic designs. In 2019, it debuted the sci-fi-inspired Cybertruck to a mix of astonishment and horror, plus what the company said was a record number…
Total Home Protection greets the new year with us today by telling us what they have planned! With the news coming straight to you from the CEO of Total Home Protection himself, David Seruya. Hello, thank you very much for joining us today! Please introduce yourself to our readers. Who are you? And, when did you decide to get into the home warranty industry? David Seruya: Hello, my name is David Seruya. I’m the Founder and CEO of Total Home Protection, a home warranty company based in New Jersey. Before I worked on Total Home Protection (THP) though, I was…
Rhode Island Gov. Gina Raimondo also pledged to help the U.S. economy recover from the pandemic, to expand broadband access to regions with patchy Internet connections, and promote manufacturing and clean-energy jobs. On China, she said the United States needs to develop a “whole-of-government response,” in coordination with U.S. allies, to combat unfair trade practices, which U.S. officials say include China’s theft of intellectual property, its hefty state subsidies for industry, and its efforts to block Western access to the Chinese market. One of the Trump administration favorite tools for punishing China was the Entity List, a compilation of companies…
Birdwatch represents Twitter’s most experimental response to one of the biggest lessons that social media companies drew from the historic events of 2020: that their existing efforts to combat misinformation — including labeling, fact-checking and sometimes removing content — were not enough to prevent falsehoods about a stolen election or the coronavirus from reaching and influencing broad swaths of the population. Researchers who studied enforcement actions by social media companies last year found that fact checks and labels are usually implemented too late, after a post or a tweet has gone viral.The Birdwatch project — which for the duration of…