Street

Reddit to double employees after raising $250 million

Reddit will double the number of employees it has over the course of this year to around 1,400 after raising $250 million in a new funding round, the company has announced. Reddit currently has around 700 employees globally. Over 600 are based in the US, according to CNBC, where it has offices in San Francisco,… Read more

Robinhood sued for wrongful death by family of 20-year-old who died by suicide

Last June, 20-year-old Alex Kearns died by suicide, blaming stock trading app Robinhood for his death. He mistakenly believed he’d lost $730,000, and that the company was coming for more than $170,000 of that money in a matter of days. His family now agrees that it was Robinhood’s fault — on Monday, they sued the… Read more

Consumer protection agency investigating Venmo’s collection practices

The Consumer Finance Protection Bureau is investigating money transfer app Venmo over the way it handles collections, a new regulatory filing shows. First reported by The Wall Street Journal, the filing shows Venmo owner PayPal received a Civil Investigative Demand from the CFPB on January 21st, “related to Venmo’s unauthorized funds transfers and collections processes,… Read more

Why the FDA is taking 22 days to look over J&J’s data

A billion years ago last summer, people were getting antsy about vaccines. They wanted things to move faster, maybe skip a few steps in clinical trials to speed things up. This was, at the time, generally considered a bad idea that would result in less accurate data and cause people to lose trust in the… Read more

Please GameStop it, Hollywood

Okay, screenwriters, directors, authors, and production companies — we get it. You have some experience telling stories about Wall Street, the video game industry, or social networks, and you see some mighty big dollar signs in the true tale of how Reddit managed to drive an ailing video game retailer’s stocks to completely ridiculous highs… Read more

FDA officials are off on a three-week sprint to review J&J COVID-19 vaccine data

Johnson & Johnson announced yesterday that it had officially asked the Food and Drug Administration to authorize its COVID-19 vaccine, kicking off a process that will send its one-shot immunization through a gauntlet of analysts and experts. If all goes as expected and the agency agrees that the benefits of the vaccine outweigh the risks,… Read more

Bezos’ climate fund faces a reckoning with Amazon’s pollution

Amazon Founder and CEO Jeff Bezos speaks to the media on the companys sustainability efforts on September 19, 2019 in Washington,DC.Photo credit should read ERIC BARADAT/AFP via Getty Images People living with Amazon’s pollution see gaps in Bezos’ funding Once he steps down as CEO of Amazon later this year, Jeff Bezos will have more… Read more

Facebook blocked in Myanmar after users protest military coup

Myanmar’s government has blocked access to Facebook in the country, after users turned to the company’s services to protest this week’s military coup. In a statement given to The Wall Street Journal, Facebook confirmed that the country’s telecoms providers had been ordered to block its services, adding, “We urge authorities to restore connectivity so that… Read more

Spotify subscribers surge past 150 million

Spotify now boasts 155 million premium subscribers and 345 million monthly active users, according to its latest earnings report released today. Those numbers represent a 24 percent and 27 percent year-over year increase. Its biggest increase was in ad-supported monthly active users, which rose 30 percent to 199 million. Last quarter, it reported having reached… Read more

Sabrent Rocket 4 Plus M.2 NVMe SSD Review: Bus-Saturating Performance in Style

Our Verdict If you’re looking for one of the fastest PCIe 4.0 SSDs on the market, Sabrent’s Rocket 4 Plus has you covered. Though its warranty coverage is a bit of a pain, it still offers a lot of bang for your buck. For Fast sequential performance Competitive pricing Large and consistent dynamic cache Attractive… Read more

Amazon’s next headquarters is a glass poop emoji covered in trees

Amazon has unveiled the design for the next portion of its Arlington, Virginia headquarters, and one building stands out far from the rest: a swirling glass tower covered in trees that rises to a point above the rest of the city’s skyline. Amazon calls the building “the Helix” because its corkscrew shape is supposed to… Read more

Jared Leto and Anne Hathaway will help Apple re-create the WeWork disaster for TV

Apple’s television adaptation of the podcast adaptation of the real-life soap opera that was WeWork now has some major talent attached. Jared Leto, the soon-to-be leading vampire of Morbius, and Anne Hathaway, are joining the Apple TV Plus series WeCrashed as Adam and Rebekah Neumann, according to The Hollywood Reporter. WeCrashed takes its name from… Read more

Go read this profile of the trader whose huge bet on GameStop moved the entire market

The markets are not okay. If you’ve paid any attention to internet chatter this week, you’ve probably seen the names RoaringKitty or DeepFuckingValue — the bullish trader behind the recent GameStop stock phenomenon who’s inspired millions of retail investors to get behind his bet, which has nearly bankrupted at least one hedge fund. Until recently,… Read more

Welcome to Twitter, Jon Stewart

Jon Stewart has just joined Twitter, and is now the proud owner of a verified account. And, of course, his first tweet was about the redditors on r/WallStreetBets and their stonks. While it may be the first time he’s made an appearance on Twitter, Stewart is already fitting right in — with a profile picture… Read more

Gambling apps are coming to Google’s Play Store in the US and 14 other countries

An upcoming change to Google’s Play Store policies will allow gambling and betting Android apps that use real money in 15 more countries, including the US, according to 9to5Google. Currently, gambling apps are only allowed in four countries: Brazil, France, Ireland, and the United Kingdom. The new rules will be applied starting on March 1st,… Read more