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Black Investors Take Note: Reddit Rebellion Rescues GameStop Stock
February 11, 2021
The band of amateur day traders that interact with each other on the Reddit page WallStreetBets, encouraged whoever was listening to buy shares of the flailing GameStop, AMC, Macy’s and Koss stocks. Big investors, often in the form of hedge funds, frequently bet against struggling public companies using a process referred to as “shorting,” which allows investors to bet on the degree of misfortune a stock may experience and earn billions of dollars in profits as a result. ... read more »
African Americans Were Russian Targets in 2016 Election
January 3, 2019
The Senate Intelligence Committee released two reports this week about Russian meddling in the 2016 election. They both highlight the efforts by the Internet Research Agency (IRA) in St. Petersburg to influence black voters. The IRA is owned by Yevgeny V. Prigozhin, a good friend of Russian President Vladimir Putin. ... read more »
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