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Episode 98 – Betting on Reddit Stock Tips, Apple, and the Future of Privacy

We cannot ignore what’s going on with Reddit. This one is more “of interest” than a direct hit on topics we think you need to know about. There are many ramifications for business people, of course. And it’s also a reflection of some bigger trends in society generally.

We spent more time on Reddit, so this show only features two topics.

Topic 1: /r/wallstreetbets/ . . . Good, bad, or just ugly?

Sub Reddit takes on hedge funds. “Professional” hedge fund managers are selling Game Stop short – and the Reddit users are forcing the stock UP. They are bankrupting professionals hour by hour.

Overall, is this just gambling, or is there s business purpose here?

Lots of related links.

https://apnews.com/article/gamestop-stocks-reddit-updates-0bfe08b10002e7bb334983948f53b6e4

https://www.youtube.com/watch?v=6nKQ90CzxgM

https://www.cnet.com/news/reddit-and-elon-musks-gamestop-stock-surge-its-a-ponzi-scheme/

https://www.theverge.com/2021/1/27/22251964/amc-stock-price-reddit-wallstreetbets-trading-gamestop

Reddit: These folks are intentionally manipulating stocks. Completely outside the world of regulations. https://www.reddit.com/r/wallstreetbets/

Topic 2: Apply Says They’ll Increase Privacy by Default

Apple promises you will be “opted out” by default from targeted remarketing. Is that necessarily a good thing? Do you really want to see a lot of random advertising?

Google has this cool tool – https://adssettings.google.com/authenticated

Apply thinks you value privacy so much that you don’t care that you’ll be ignoring a bunch of ads. Google’s bet is that you will tire of random, unrelated ads and choose to go back to the world where ads are relevant once again.

What do you think? Drop some comments at https://killingit.smallbizthoughts.com.

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