Just got a tip that Citadel reloaded their shorts before they told Robinhood to stop trading $GME.

If this is true, Ken Griffin and the Robinhood founders should be in jail.

This is class warfare.

@aoc there should be a congressional hearing

THREAD: What are some Posting Traders doing, and what do the federal securities laws say about it? A securities law professor tries to make it simple.

(Tl;dr? Some people on the Internet will be surprised when the SEC investigates them for market manipulation.)

Backstory: what's going on? GameStop sells video games (you've maybe seen their stores in strip malls). Its business model hasn't been doing so hot.

It's a public company, so you could go on your broker's website and trade its stock. Its price had been low for a while.

One very simple way to think about stock investing is that you can make two main types of bets: that a stock's price will go up, or go down.

Some big hedge funds (think BILLIONS) were betting that it'd go down. This is called a "short" bet.

The goal of a short sale is to sell high, buy low, and pocket the difference. Suppose you pay a small rental fee to borrow a stock, sell, and hope to rebuy it later at a lower price when you've said you'll give it back to the lender.

Note for later: "borrowing" is important.

The other kind of bet is a "long" sale, in which you buy a stock for its income (dividends) or the possibility of selling it for a higher price later (capital gains).

Compared with someone "short," someone "long" a stock actually has it (kinda).

Dear liberals, many of you have said things along the lines of "It's Biden's first week, he's already done great things, what's the issue with progressives?" In the case that this is a genuine question rather than rhetorical condescension, here's a thread on what our "issue," is

WHERE'S THE CHECKS? Over and over we heard Dem senate = instant $2K checks. Then it turned into $1,400, now even that number will go to negotiations with the GOP because Biden fetishizes bipartisanship when he doesn't need to. This can be passed with budget reconciliation TODAY.

WHERE'S THE COVID PLAN? "Trump has no plan for covid, I do." Sound familiar? Now Biden says "There's nothing we can do to change the trajectory of the virus." What? There's a hell of a lot of things we can do and we have to remind him of that as we approach 500k Covid deaths.

WHERE'S THE ANTI-WAR PARTY? Not long ago, dems were considered the anti-war opposition to Bush. Fast forward to Biden considering a reversal of Trump's order to remove troops from Iraq (18 year war!)Only thing wrong with Trump's order is that it would only remove *some* troops.

FOR REAL THO, WHERE?? Biden reversed the ban of transgender people from our military which is kind of a weird form of equality to celebrate. Now they have the same ability to kill innocent brown civilians in an unjust war that cisgendered people do... cool.

Even though Ryan did an impeccable job at explaining shorting stocks, I just thought of an even simpler explanation using candy bars instead of stocks. @MattJonesRadio @DrewFranklinKSR @ShannonTheDude @ryanlemond

If you buy a candy bar for $1 and sell it for $1.50 you make $.50 profit. Everyone understands that. You expect that the price of candy bars will go up. But what if you expect the price of candy bars to go down? That is where shorting stocks comes into play.

Shorting a stock is like bumming a candy bar worth $1 from a friend with the promise that you will replace it in a week. You then decide not to eat it, but to sell it to someone else for $1. So you have $1 in your pocket, but you owe a candy bar worth $1 so there is no gain.

But, if the price of candy bars drops to $.50 during the week, you have $1 in your pocket from the original sale but the replacement candy bar only costs you $.50, so you make $.50 profit overall.

Buying stock has unlimited profit potential, but low risk. You can only lose your original cost. Say you buy a $1 candy bar to sell, but your stupid brother eats the candy bar before you could sell it. The most you could lose is the original price of the candy bar or $1.

In today's #ThursdayThread, we're looking more closely at the Dem strategy moving forward. Will Democrats continue to fall for promises from the other side of the aisle or will they govern with the power of the mandate they've been

(2) There are some good indications that Schumer and Senate Democrats outmaneuvered Mitch McConnell quite neatly on the filibuster issue earlier this week and that they plan to move forward on stimulus without regard to GOP

(3) It's important to note that as much as the wins in Georgia provided Dems control of the Senate, they hold the slimmest of majorities in both chambers and that hampers their agenda.

Because of the filibuster, passing legislation requires 60

(4) So while we can breeze through cabinet nominations, passing progressive legislation is much harder. But that doesn't mean Dems shouldn't try.

Because despite what Republicans want you to believe, Biden's proposed plans have widespread public

(5) There's also some leverage in the Senate due to the difficulties the 2022 senate map presents, with more vulnerable Republican senators and a slew of GOP retirements.

In 2022, there are no Dems running for re-election in states Trump

What if you could avoid competition forever?

How to Build a Personal Monopoly with @david_perell + @jackbutcher

THREAD👇

1/ What is a personal monopoly?

The intersection of...

• Curiosity: What do you care about?

• Competence: What are you good at?

• Character: Who are you?

These combinations SHRINK the area of competition.

"Competition is for losers."
@peterthiel

2/ Where to Start

"You can't connect the dots looking forward: you can only connect them looking backwards."
-- Steve Jobs

Trust your curiosity and intuition.

Only curiosity creates uniqueness.

3/ BUTCHER'S FRAMEWORK

DICE = Diverge, Converge, Emerge

DIVERGE (Collect Dots): Pursue things you're interested in

CONVERGE (Connect Dots): Find the connections among interesting things

EMERGE: You've found where to start. Now attack it everyday.

4/ "Make a single decision to eliminate 1,000 decisions."
-- @tferriss

For @visualizevalue + @jackbutcher: How do you visualize something to make it simpler?

Eliminate anything that doesn't compound towards achieving that goal.

I’m his front desk, digital marketer, social media handler, content creator, graphics designer, food warmer, food buyer, plate washer, office cleaner as a matter of fact and I also go to work on Saturdays
Warming and going to buy food for him WAS NOT

Part of my job description, I was doing it because of course nobody wants to stay at home and I’m not the type to sit and ask anybody for anything, I like to hustle
Now straight to the story
Mr Patric got in to the office at 3pm I exactly today and went

Straight into his office(he had visitors)
I usually ask him if he wanted me to order his food or buy but it was already 3pm so I felt he must have eaten from where he was coming from and also if he wanted food he’ll ask me to order, I was on my desk as

Usual up until 4:49pm my colleague comes to call me that mr Patric was calling me, getting there, he said I should go buy food for him, knowing fully well it was almost time to go home, I collected the card calmly and left with the driver to buy food,

I didn’t take my phone Cos I rushed out so I could quickly buy the food and rush back to go home, getting there I realized I had forgotten the pin, the driver was not with his phone, I checked the car and found his car papers, found his number and was walking

Sweden's elderly in 2020 recorded one of the lowest mortality rates in history.

Overall mortality rates in Sweden by age were excellent in 2020 and better than the 2015-2018 average mortality rates for nearly all age groups.

A deep dive into why 👇👇👇

Overall death numbers are meaningless without stratifying by age. Below, we have mortality rates from 2015-2020 by age groups 0-64, 65-79, 80-89, and 90+. The 65-79 group fared worst with ~3% inc. over 2015-18 average.

Amazingly, the 90+ group had lower mortality in 2020.

All age groups can be plotted on the same graph, but must be standardized since the range of values is so large (1 for 0-64 vs 200 for 90+)

Here, mortality rates are shown relative to 2018.

The most interesting observation (imo) is the significant drop in mortality rate in 2019 in all age groups.

Around 60% of all deaths in Sweden come from the 80+ age group. When mortality rates dropped 5% in 2019, this left a much larger than normal 80+ pop alive in 2020.

This lead to a swelling of the 80+ population in 2020 by 6.6%. This was by far the biggest percentage increase in one age group over the 5 year period of data

Pop. Deaths
2018 - 522k 54k
2019 - 536k 52k
2020 - 572k 59k

If you listen to the pundits, you’d think that the @HouseGOP did very well during the 2020 elections.

That’s not quite true.

Here’s what actually happened.

The only state in the country where the GOP had a net gain in House seats since Trump took office in 2017 is Minnesota. The party gained one seat there in 2020.

In the following states, the GOP gained seats in 2020 - but - only gained the same number of seats that it lost in 2018:

Florida
(Lost 2 seats in 2018, gained 2 seats in 2020)

Iowa
(Lost 2 seats in 2018, gained 2 seats in 2020)

New Mexico
(Lost 1 seat in 2018, gained 1 seat in 2020)

Oklahoma
(Lost 1 seat in 2018, gained 1 seat in 2020)

South Carolina
(Lost 1 seat in 2018, gained 1 seat in 2020)

In the following states, the GOP gained some seats in 2020 - but - not as many seats as the number of seats it lost in 2018, leaving a net loss of seats in the Trump era:

California
(Lost 7 seats in 2018, gained back 3 of them in 2020. GOP now holds 11 of CA’s 53 House seats)

State of this children's home in Lancashire, run by the private company Care 4 Children Residential Services Ltd: this Ofsted report was uploaded today

Firstly, it is a shit hole (excuse the language, but...)

A child's clothes and shoes are taken away to stop him from running away.

The home is short-staffed and in chaos.

Staff take under-age children to buy cigarettes.

First off; “We The People” need those who have sworn an oath to protect Us and the constitution to read this article...NOW, not tomorrow! We are at war for this country! @USMarshalsHQ @USMC @usairforce @USArmy @SpaceForceDoD

We know so much more than this. Since 2015, Donald J Trump running for Office of the President has thrown a wrench in the plans that very bad traitors had for us. For decades, elected officials have infiltrated ideological people into ALL aspects of OUR agencies to do their

bidding! The cia, nsc, doj, fbi, cdc, nsa, just to name a few, have perpetrated a series of lies to “frame” Donald Trump before during and now after his presidency! Google; Pelosi, “Wrap up smear”! ALL of which was knowingly false just to stop DJT from getting in their way!

You and I both know this absolutely was a coordinated effort which proves conspiracy! The media as well is not just bought, they have proven time and again by their own reporting, foreknowledge of many of the falsehoods. These evil ppl have pulled out ALL the stops to what they

won’t do! With this new (false) administration, they are telling Us, up is down, black is white, and left is right, and if you don’t STFU and obey, we will send you to re-education camps. This is NOT a Dems v Reps operation, as we have proof that there are only a handful from

Joe Biden is opening up a Special Enrollment Period for the ACA marketplaces. Here's a🧵on why this a BFD! 1/

2/ Trump took many steps to sabotage the ACA and its marketplaces. He severely restricted the Open Enrollment period to just 6 weeks and then cut the outreach and advertising budget by 90%. Awareness of dates, deadlines, and options is already low, so this was a big problem.

3/ Last Spring, everyone - including the insurance companies - was urging Trump to open a Special Enrollment Period because otherwise, uninsured people who simply wanted insurance in the middle of the pandemic or people who didn't have employer coverage before couldn't sign up.

4/ But Trump refused, despite reports that HHS/CMS officials favored a SEP. So if you were say a bartender and didn't have coverage through work before the pandemic and lost your job because of it, you wouldn't be able to sign up until November of 2021.

5/ Biden is now taking this important step that could get MILLIONS of people covered. Because Trump didn't do advertising or much outreach, there is $1 BILLION that is sitting unused in accounts that could be put to work in order to get people covered.

The dominant narrative around the $gme story is that some weirdos in their mom’s basement are manipulating the stock market.

That’s is so, so wrong.

[thread]

A prominent user of the #wallstreetbets community has been publicly posting about their position and positive outlook on $GME since September 2019. #YOLO

They didn’t pick the stock randomly. There are reasons to like GameStop. Google “Ryan Cohen” for more on that.

[2/?]

So, many on #wallstreetbets already liked $GME since late 2019.

Then, someone realized that there was a lot of money shorting that stock, essentially betting that the stock would go down.

And, I mean A LOT of money!

[3/?]

Shorting a stock, in simplest terms, is borrowing shares of a stock for a fixed amount of time, and immediately selling it at the current market price.

When the stock price goes down, you buy it back at the lower price, pay the lender back and pocket the profit.

[4/?]

There are lots of legitimate uses for shorting a stock, like hedging your risk, which is sort of like buying an insurance policy.

However, that’s not what the impacted hedge funds were doing. They were making a big risky bet that GameStop’s stock was going down.

[5/?]

WHEN WAKANDA FALLS

I need U 2 get just how horrible this is. Incoming black DA in Wakanda, I meant Atlanta, just voluntarily turned over 2 a white Repub AG, the Rashard Brooks case, a black man who was gunned down by a white cop in a Wendy's drive thru.

She also turned over another case involving excessive force of 2 black college students to the white Republican AG as well. Her reasoning is that the previous black DA behaved unethically. Here's the thing. She actually prosecuted the white cop that killed Rashard Brooks years-

ago in an excessive case force 4 which she dropped the charges then. How in the fuck do Wakandans, I meant Atlantans, elect some1 with this history? Here's the bigger picture. Her predecessor was no better. He actually prosecuted black teachers in the ATL Public Schools cheating-

scandal. Wonderful right? If you a dumb mafucka that answered yes, unfollow me now & never utter my name again. For all others, here is a good lesson in politics & why I have no hope of black people ever moving the needle one inch against white supremacy.

Let's say for arguments sake the teachers were cheating. Let's say black Atlanta officials are corrupt. Lets say Atlanta Airport officials are corrupt. If you are Atlanta's DA, do you prosecute them? Before I answer that question, riddle me this, do you think white people would-

It is #BellLetsTalk ...so let’s talk. Have you ever responded to the question “how are you doing?” with a “fine” or “good” even though you really weren’t fine or good?! I know I certainly have.

While every time you are asked it may not be a great time to delve into what is going on I challenge you and myself to be courageous enough to answer how you are really doing. Especially when talking with those people that you have around you that are your support system.

As a nurse I find that I am constantly observing and assessing my patients and residents. How are they doing (both physically and mentally)? Trying my hardest to notice the big and small changes that could mean they aren’t doing as well or hopefully doing better.

I challenge you healthcare workers to turn that observation and assessment on yourself and coworkers. Did you notice the subtle and sometimes glaringly obvious signs of chronic stress and burnout? I certainly didn’t.

So now it’s time to talk....talk to your family, talk to your friends, talk to your coworkers, talk to your children. Check in with them, don’t settle for “fine” “good”. Make a safe space for people to open up to you and for you to them.