Billionaires See VR as a Way to Avoid Radical Social Change

The future of virtual reality is far more than just video games. Silicon Valley sees the creation of virtual worlds as the ultimate free-market solution to a political problem. In a world of increasing wealth inequality, environmental disaster, and political instability, why not sell everyone a device that whisks them away to a virtual world free of pain and suffering?

Source: Billionaires See VR as a Way to Avoid Radical Social Change

Inside the Making of Facebook’s Supreme Court

The “most controversial issue by far,” Darmé told me, was how powerful the board should be. “People outside the company wanted the board to have as much authority as possible, to tie Facebook’s hands,” she said. Some wanted it to write all of the company’s policies. (“We actually tested that in simulation,” Darmé said. “People never actually wrote a policy.”) On the other hand, many employees wondered whether the board would make a decision that killed Facebook.

Source: Inside the Making of Facebook’s Supreme Court

The Misfits Shaking Wall Street

They are part of a legion of young people — primarily male — pouring into digital trading floors in recent years, raised on social media and eager to teach themselves about stocks and trade quickly using an array of apps catered to Generation Z. In just a few short weeks, this new cohort of retail investors has completely upended some of the most professional traders by coordinating over social media, forums and chat rooms to trade shares of GameStop, sending the stock price for the video game company skyrocketing while leaving a number of sophisticated short-sellers holding the bag.

Source: The Misfits Shaking Wall Street

Dogecoin soars another 600% as Reddit frenzy pushes the token into the top 10 cryptocurrencies by market cap

Dogecoin’s rise extended Friday as the crypto-themed subreddit SatoshiStreetBets fueled a further rally. Bitcoin too climbed 15% on the same day after Elon Musk changed his Twitter bio to include it. Robinhood temporarily restricted crypto trading on its platform due to “extraordinary market conditions.”

wow
             such hiding
much profit

Source: Dogecoin soars another 600% as Reddit frenzy pushes the token into the top 10 cryptocurrencies by market cap

Profile of Keith Gill, Who Drove the GameStop Reddit Mania

The investor who helped direct the world’s attention to GameStop, leading a horde of online followers in a bizarre market rally that made and lost fortunes from one day to the next, says he’s just a normal guy. From his profile by The Wall Street Journal: “I didn’t expect this,” said Keith Gill, 34 years old, known as “DeepF-ingValue” by fans on Reddit’s WallStreetBets forum and “Dada” by his 2-year-old daughter.

Source: Profile of Keith Gill, Who Drove the GameStop Reddit Mania

Discord bans Reddit’s WallStreetBets for hate speech as scrutiny intensifies

Discord has banned the server used by the controversial subreddit r/WallStreetBets for what it says are repeated violations of the company’s hate speech policies. The ban comes as the subreddit’s moderators briefly took the group private, saying they were struggling to keep up with an influx of new users.

Source: Discord bans Reddit’s WallStreetBets for hate speech as scrutiny intensifies

The GameStop folly isn’t just a get-rich-quick scheme. It’s a tale of inequality.

Perhaps the most surprising news this week centers around GameStop , a store that we don’t hear about much anymore. The video game retailer’s prospects have been dimming for years: Why go to a mall, particularly amid a pandemic, when almost everything you need is available online?

Source: Opinion | The GameStop folly isn’t just a get-rich-quick scheme. It’s a tale of inequality.

Google workers across the globe announce international union alliance to hold Alphabet accountable

Google workers across the world are coming together to form a global union alliance. The newly formed coalition, called Alpha Global, is comprised of 13 different unions representing workers in 10 countries, including the United States, United Kingdom, and Switzerland.

Source: Google workers across the globe announce international union alliance to hold Alphabet accountable