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POLITICO Get the Florida Playbook Newsletter Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Presented by Ocean Conservancy Hello and welcome to Thursday. The daily rundown — Between Tuesday and Wednesday, the number of Florida coronavirus cases increased by 7,342 (nearly 0.4 percent), to 1,844,627; active hospitalizations went do...

POLITICO Get the Florida Playbook Newsletter Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Good Thursday morning. The daily rundown — Between Tuesday and Wednesday, the number of Florida coronavirus cases increased by 7,537 (0.4 percent), to 1,798,280; active hospitalizations went down by 181 (3.4 percent), to 5,126; deaths ros...

It used to be that film companies would wait at least until the dust had settled on an unfolding news story before starting to develop movies on the subject. Welcome, though, to the world as it is today, where the clock is ticking as soon as something breaks. And a key example of that is the GameStop Reddit share story, which both MGM and Netflix are now eyeing for film treatment, even as it evolves. It all started when a group of rag-tag investors from the Wall Street Bets Subreddit banded together to put the squeeze on at least two hedge funds that had bet that GameStop shares would fall. T...

'Dumb money' is on GameStop, and it's beating Wall Street at its own game 28 Jan, 2021 01:10 AM 10 minutes to read A GameStop near Union Square in Manhattan. Investors fuelled by a forum on Reddit have pushed GameStop shares into the stratosphere, and crippled short sellers. Photo / Hiroko Masuike, New York Times A GameStop near Union Square in Manhattan. Investors fuelled by a forum on Reddit have pushed GameStop shares into the stratosphere, and crippled short sellers. Photo / Hiroko Masuike, New York Times New York Times By: Matt Phillips and Taylor Lorenz GameStop shares have soared 1,700...

[SEE UPDATE BELOW] Harrison is a good friend of the Triggered Podcast and his tweet pretty much sums what’s happening on Wall Street: “Populism is contagious.” Yes, a few smart randos on a Reddit thread, ‘wallstreetbets,’ decided to exercise their right to free speech and only boost the stock price of GameStop through the roof. It cost hedge fund firms, who were trying to keep the price low, tons of money—billions of dollars were just roasted. If you need a visual comparison, think the Joker lighting that mountain of money on fire in The Dark Knight. Some hedge funds got wiped out...