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VOICE ARCHIVE

Nathaniel Popper

@nathanielpopper
66 posts
2024-06-03
The first excerpt from my book, THE TROLLS OF WALL STREET, in next week's issue of BusinessWeek. This is the beginning of the tale of how WallStreetBets gave us a new generation of retail trading — one that is still going strong today.
2024-06-03 View on X
Bloomberg

An excerpt from the book The Trolls of Wall Street, which details how r/WallStreetBets fueled a movement that turned millions of young Americans into investors

2024-06-02
The first excerpt from my book, THE TROLLS OF WALL STREET, in next week's issue of BusinessWeek. This is the beginning of the tale of how WallStreetBets gave us a new generation of retail trading — one that is still going strong today.
2024-06-02 View on X
Bloomberg

An excerpt from the book The Trolls of Wall Street, which details how r/WallStreetBets fueled a movement that turned millions of young Americans into investors

An excerpt from Nathaniel Popper's forthcoming The Trolls of Wall Street.  —  By the end of 2011, Jaime Rogozinski, 29, had fallen into a rut. X: @tck_jrubano , @0xrogozinski , and...

2023-02-16
for the backstory on this lawsuit filed today by Jaime Rogozinksi, get ready for my book on the dramatic tale of WallStreetBets and the generation of traders it birthed. coming just as soon as i can get it to my publishers . . . https://www.wsj.com/...
2023-02-16 View on X
Wall Street Journal

Jaime Rogozinski, who created r/WallStreetBets, sues Reddit, arguing the company breached its contract by removing him as a moderator in 2020

Jaime Rogozinski says site ousted him without claim; Reddit calls suit frivolous  —  WallStreetBets' founder is suing the site where it all began.

2022-12-02
Was this the real way that @a16z planned to get their revenge on mainstream journalists? Hire a bunch and then let them go soon after but now with a resume line that will not allow them to get hired by another journalistic organization? https://twitter.com/...
2022-12-02 View on X
Insider

Source: a16z's Future is shutting down; Future hasn't published a new article in months, most of its editorial staffers have left, and its newsletter is defunct

2021-06-22
This is the third Bitcoin/crypto bull market in a row that has been brought to an end in large part due to a clamp down by the Chinese govt. (late '13, late '17, now)
2021-06-22 View on X
Global Times

China's Sichuan Province closes crypto mines, following Xinjiang, Inner Mongolia, and Yunnan; an estimated 90% of China's mining capacity has now been shut down

reiterating 2017 banking ban Arjun Kharpal / CNBC : China's renewed crypto crackdown wipes $400 billion off the market as bitcoin slides Sean Murray / thegamer.com : Bitcoin Crackd...

This is the third Bitcoin/crypto bull market in a row that has been brought to an end in large part due to a clamp down by the Chinese govt. (late '13, late '17, now)
2021-06-22 View on X
CoinDesk

Bitcoin drops below $30,000, its lowest level since January 28 after a $64,000 peak in mid-April, as China continues to crackdown on mining

The decline brings the year-to-date gain down to just 3%, according to CoinDesk 20 data.  —  Bitcoin dipped below the long-held support at $30,000 on Tuesday …

2021-01-31
NEW: The Roaring Kitty Rally The story of the young day trader from Massachusetts who, over the course of some two years, helped turn GameStop into a global phenomenon from his basement office, the Kitty Room. W @Kellen_Browning https://www.nytimes.com/...
2021-01-31 View on X
Under the Hood

Robinhood explains why it placed restrictions on certain securities over the past week, says its clearinghouse-mandated deposit for equities increased tenfold

managed by obscure entities at the center of the stock market called clearinghouses — kicked in Thursday, forcing Robinhood to find emergency cash to continue to be able to trade.”...

New: The Silicon Valley Start-Up That Caused Wall Street Chaos How Robinhood opened the door to this week's market frenzy. w. @MatthewPhillips @katekelly and @tarasbernard https://www.nytimes.com/...
2021-01-31 View on X
Under the Hood

Robinhood explains why it placed restrictions on certain securities over the past week, says its clearinghouse-mandated deposit for equities increased tenfold

managed by obscure entities at the center of the stock market called clearinghouses — kicked in Thursday, forcing Robinhood to find emergency cash to continue to be able to trade.”...

NEW: The Roaring Kitty Rally The story of the young day trader from Massachusetts who, over the course of some two years, helped turn GameStop into a global phenomenon from his basement office, the Kitty Room. W @Kellen_Browning https://www.nytimes.com/...
2021-01-31 View on X
Wall Street Journal

Profile of the trader known as DeepFuckingValue on r/WallStreetBets, who began investing in GameStop and explaining why in YouTube videos starting in mid-2019

2021-01-30
NEW: The Roaring Kitty Rally The story of the young day trader from Massachusetts who, over the course of some two years, helped turn GameStop into a global phenomenon from his basement office, the Kitty Room. W @Kellen_Browning https://www.nytimes.com/...
2021-01-30 View on X
Wall Street Journal

Profile of the trader known as DeepFuckingValue on r/WallStreetBets, who began investing in GameStop and explaining why in YouTube videos starting in mid-2019

Trader known as DeepF—ingValue on the WallStreetBets forum helped turn the investing world upside down.  “I didn't expect this.”

2021-01-13
Counterpoint. This guy from Barbardos is more than willing to take the risk of being his own bank — with all the potential losses — because it is really hard to get a bank account, or any other digital financial account where he comes from. https://twitter.com/...
2021-01-13 View on X
New York Times

A look at those unlucky enough to forget the password to access their bitcoin; Chainalysis says 20% of all bitcoin, or ~$140B, appears to be lost or stranded

Also the Libor transition and Chinese stock bans. Charlesarthur / The Overspill : Start Up No.1462: the bitcoin millionaires with no money, the “clean” CES, the trouble with scotch...

One takeaway from this story. Bitcoin wanted to make it possible for you to be your own bank. This promise, though, didn't contend with how bad people would be at securing the keys to the bank. https://www.nytimes.com/... https://twitter.com/...
2021-01-13 View on X
New York Times

A look at those unlucky enough to forget the password to access their bitcoin; Chainalysis says 20% of all bitcoin, or ~$140B, appears to be lost or stranded

Also the Libor transition and Chinese stock bans. Charlesarthur / The Overspill : Start Up No.1462: the bitcoin millionaires with no money, the “clean” CES, the trouble with scotch...

2020-12-31
In the top two levels of engineers there were no Black employees. At the third level down, only two of the 58 engineers were Black. One of those was the lowest paid employee in the group, by a wide margin. He made $19k less than the next lowest paid engineer at the same level.
2020-12-31 View on X
New York Times

Analysis of internal data at Coinbase through 2018 highlights pay inequity for women and Black employees; Coinbase says it implemented a new compensation plan

often an important part of pay at start-ups—the compensation for women and men was roughly the same” In conclusion: women are paid slightly more in stock options for a company abou...

NEW: We were sent a trove of inside data on what Coinbase pays its employees. We had an economist crunch the numbers. The upshot: women and Black employees across the company earned far less than their colleagues in similar jobs. https://www.nytimes.com/...
2020-12-31 View on X
New York Times

Analysis of internal data at Coinbase through 2018 highlights pay inequity for women and Black employees; Coinbase says it implemented a new compensation plan

often an important part of pay at start-ups—the compensation for women and men was roughly the same” In conclusion: women are paid slightly more in stock options for a company abou...

2020-12-30
In the top two levels of engineers there were no Black employees. At the third level down, only two of the 58 engineers were Black. One of those was the lowest paid employee in the group, by a wide margin. He made $19k less than the next lowest paid engineer at the same level.
2020-12-30 View on X
New York Times

Analysis of internal data at Coinbase through 2018 highlights pay inequity for women and Black employees; Coinbase says it implemented a new compensation plan

An analysis of internal pay data at the San Francisco company Coinbase shows disparities that were much larger than those in the tech industry.

NEW: We were sent a trove of inside data on what Coinbase pays its employees. We had an economist crunch the numbers. The upshot: women and Black employees across the company earned far less than their colleagues in similar jobs. https://www.nytimes.com/...
2020-12-30 View on X
New York Times

Analysis of internal data at Coinbase through 2018 highlights pay inequity for women and Black employees; Coinbase says it implemented a new compensation plan

An analysis of internal pay data at the San Francisco company Coinbase shows disparities that were much larger than those in the tech industry.

2020-12-24
XRP has grown to be worth over $22 billion on the promise that it can be a new kind of currency. Today the SEC told Ripple that it believes it is not currency, but rather an unregistered security — and plans to sue to prove it. https://www.nytimes.com/... https://twitter.com/...
2020-12-24 View on X
CoinDesk

SEC sues Ripple Labs, its CEO Brad Garlinghouse, and Chairman Chris Larsen, alleging they violated federal securities laws in selling XRP to retail consumers

The U.S. Securities and Exchange Commission (SEC) believes Ripple Labs violated federal securities laws in selling the XRP cryptocurrency to retail consumers.

Do any lawyers know what happens to the crypto exchanges that have been selling XRP if it is determined to be an unregistered security? Could they also get in trouble for selling unregistered securities? https://twitter.com/...
2020-12-24 View on X
CoinDesk

SEC sues Ripple Labs, its CEO Brad Garlinghouse, and Chairman Chris Larsen, alleging they violated federal securities laws in selling XRP to retail consumers

The U.S. Securities and Exchange Commission (SEC) believes Ripple Labs violated federal securities laws in selling the XRP cryptocurrency to retail consumers.

Ripple's CEO often talked up the value of XRP by citing the intense interest from the financial industry. The SEC says that today only a few companies are using it and they are only doing so because of big payments from Ripple. https://twitter.com/...
2020-12-24 View on X
CoinDesk

SEC sues Ripple Labs, its CEO Brad Garlinghouse, and Chairman Chris Larsen, alleging they violated federal securities laws in selling XRP to retail consumers

The U.S. Securities and Exchange Commission (SEC) believes Ripple Labs violated federal securities laws in selling the XRP cryptocurrency to retail consumers.

If the SEC wins its case most of the intended uses for XRP would presumably be eliminated given that it would become essentially impossible to use it as a currency. How much of the $22 billion in value currently tied up in XRP might that destroy?
2020-12-24 View on X
CoinDesk

SEC sues Ripple Labs, its CEO Brad Garlinghouse, and Chairman Chris Larsen, alleging they violated federal securities laws in selling XRP to retail consumers

The U.S. Securities and Exchange Commission (SEC) believes Ripple Labs violated federal securities laws in selling the XRP cryptocurrency to retail consumers.