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Redditors don't want to buy Reddit stock
  + stars: | 2024-02-22 | by ( Katie Notopoulos | ) www.businessinsider.com   time to read: +2 min
It's offering something unusual: the chance for moderators to buy stock. The possibility of a bunch of Redditors holding stock is enough of a risk for volatility that they had to mention it in their IPO filings. But are Reddit's power users actually interested in buying Reddit stock? r/WallStreetBets is a subreddit with 15 million subscribers devoted to meme-heavy stock chatter, best known for being the 2021 GameStop stock craze. AdvertisementAs far as what this means for Reddit's IPO, who knows?
Persons: Organizations: Service, Google, Business, GameStop
We'll learn more about the R2 at Rivian's March 7 reveal event. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Debuting next month, the R2 is a crucial piece of Rivian's future as a smaller and cheaper option for a new wave of EV customers. The R2 is currently slated to sell for between $45,000 and $55,000 — which Scaringe called a "really important sweet spot" in the EV market. DeliveriesAfter the March 7 reveal, Rivian will open up pre-orders for the vehicle and begin taking deposits.
Persons: , RJ Scaringe, Rivian, Rivian hasn't, Scaringe Organizations: Rivian's, Service, Tesla, Volkswagen Locations: Georgia
Read previewTaylor Swift fans are a dedicated group, but complaints about the pop star's merch have some calling for a boycott in recent months. However, some fans on social media are calling out what they described as the poor quality of her merch and delayed shipping times. Instead of blaming Swift for the merch, many fans are looking at her record label Universal Music Group for the delays and poor quality. Another Redditor posted expectation vs. reality photos of a $40 "1989" tote bag ordered online. Others online called out the "poor quality" of the tote bag and said that it's nothing new for Swift's merch site.
Persons: , Taylor Swift, Swifties, Pollstar, Swift, Redditor, subreddit, hadn't, Swift's, I'm, taylors, TeJDBDyfBj — Riley 🤍🖤 Organizations: Service, Business, Universal Music Group, tote
But the 32-year-old, who has 2.1 million Instagram followers, had no idea he’d come to be idolized by a subset of teenage boys and young men known as looksmaxxers . Advertisement“Hardmaxxing,” meanwhile, includes “more extreme ways of going about the way you look,” Shami said, such as getting fillers, botox, and plastic surgery, which he denies having. Young men are becoming more body-consciousIt’s unclear why looksmaxxing has suddenly become popular. The rise of looksmaxxing and starvemaxxing could reflect how such concerns are on the rise among young men, too. All the while, lost young men are left to work out what’s real and what’s trolling.
Persons: chiseled jawline, Francisco Lachowski, Jordan Barrett, Brad Pitt, ” Lachowski, TikTok influencers, Looksmaxxing, Kareem Shami, looksmaxxing, , , , ” Shami, TikTok, Shami, Starvemaxxing, Starvemaxxing isn't, ” Kareem Shami, Clare Thornton, Wood, Elizabeth Daniels, Johan Drumev, Drumev, ” Johan Drumev, Johan Drumev Lachowski, it’s, Young, Daniels, gaunt, ” Thornton, Lachowski Organizations: Business, BI, TikTok, British Nutrition Foundation, Pediatric, University of the, University College London Locations: looksmaxxing, Brazil, Brazilian, San Diego, England, Dubai
DINKs are proudly emerging as an aspirational class for young people — and they're ready to live it up. So when she set up her dating profile, Johnson included in her bio that she didn't want to have kids of her own. Amy Blackstone, the author of the 2019 book " Childfree by Choice ," said that the financial gap between DINKs and couples with kids wasn't solely because of the choice about children. DINKs, GINKs, " rich aunties ," and DINKWADs — DINKs with a dog — have become aspirational identities for younger generations. There are the DINKs who can seize the American dream and the parents who are struggling to stay afloat in a country without guaranteed paid leave or affordable childcare .
Persons: Elizabeth Johnson, Johnson, DINK, DINKs, they've, there's, Amy Blackstone, it's, Alex Killingsworth, Killingsworth, Marcia Drut, Davis, Drut, Blackstone, she'd, Gen Z, That's, X didn't, Zachary P, Neal, Jennifer Watling Neal, millennials —, I've, Marcia, she's Organizations: of, Johnsons, Minneapolis townhome, Federal, Consumer Finances, Broadway Locations: Florida, Swiss, Hawaii, Oregon, Canada, Alaska, Dominican Republic, of America, Minneapolis, Texas, New York, Michigan, Drut
Beauty chain Sephora hit a big sales milestone in 2023, but the workers who helped to make it happen say all they got was a "stale" cookie as thanks. But that didn't keep a subreddit dedicated to Sephora employees from trashing the presents. "They really don't reward us for the work and mental energy it takes to be a Sephora employee," she told BI. "There's just so much more they could do and they chose to send stale cookies." Are you a current or recent Sephora employee?
Persons: — didn't, Sephora, Organizations: Black Locations: North America
Instacart confirmed on Sunday it was using AI-generated imagery and recipes. The AI images featured physically impossible compositions, unnatural shadows, and strangely blended textures. Other recipes discovered by Reddit users, meanwhile, had the AI-generated images replaced with what appears to be stock photography. Some AI-generated imagery was still live on Instacart's site as of Wednesday. A startup is using text-to-photo technology to create AI imagery based just on menu descriptions to help restaurants build out online menus without paying for photography.
Persons: Instacart, , Fry, Instacart Instacart Organizations: Service, Mac
Target has fired dozens of workers for apparent violations of an employee purchasing rule. AdvertisementSeveral Target workers mentioned the 15-minute interval in conversations with BI, and the rule is periodically discussed in the r/Target subreddit when situations like this one arise, including with PS5 consoles. AdvertisementMartell said Target typically took pains to avoid firing workers. Advertisement"I think it's silly to kind of crucify someone and put them out on the street because they didn't know of a policy," Logan said. If you or someone you work with was fired from Target after purchasing a Stanley cup, please contact Dominick Reuter via email or text/call/Signal at 646-768-4750.
Persons: Stanley, it's, , Troy Logan, Logan, Akylah Martell, Martell, Dominick Reuter Organizations: Workers, Service, Target, BI, Stanley, Business Locations: Texas, Montana
In May 2023, Instacart announced it was partnering with OpenAI to create an "Ask Instacart" AI model that would allow users to ask Instacart questions about what to make for dinner. In that press release, it did not disclose that it would also be adding AI recipes to the site too. AdvertisementMultiple companies have been accused of or admitted to using generative AI imagery in the past year. Reuters reported that large advertising agencies are using generative AI art in advertisements. Wizards of the Coast, a gaming company, apologized after it was caught using generative AI in some advertisements.
Persons: Fry, Instacart, OpenAI Organizations: Service, Business, Reuters
The genetic testing company 23andMe is being accused in a class-action lawsuit of failing to protect the privacy of customers whose personal information was exposed last year in a data breach that affected nearly seven million profiles. The lawsuit, which was filed on Friday in federal court in San Francisco, also accused the company of failing to notify customers with Chinese and Ashkenazi Jewish heritage that they appeared to have been specifically targeted, or that their personal genetic information had been compiled into “specially curated lists” that were shared and sold on the dark web. The suit was filed after 23andMe submitted a notification to the California Attorney General’s Office that showed the company was hacked over the course of five months, from late April 2023 through September 2023, before it became aware of the breach. According to the filing, which was reported by TechCrunch, the company learned about the breach on Oct. 1, when a hacker posted on an unofficial 23andMe subreddit claiming to have customer data and sharing a sample as proof. The company first disclosed the breach in a blog post on Oct. 6 in which it said that a “threat actor” had gained access to “certain accounts” by using “recycled login credentials” — old passwords that 23andMe customers had used on other sites that had been compromised.
Persons: 23andMe, Organizations: California Attorney General’s, TechCrunch Locations: San Francisco, California
A limited-release insulated cup from Stanley and Starbucks caused havoc at Target stores recently. Comments on social media indicate multiple employees have fired over their purchase of the cups. Target worker Araceli Bernal told Business Insider she and several coworkers were fired after purchasing cups, apparently in violation of company policy. "Welp I got fired from Target for buying the Stanley cup while working," @PrincessSunay posted on X. Advertisement"I just found out my favorite Target employee got fired over the stupid Starbucks Stanley cups so I hope you f—ers are happy," @kirks_minivan posted on X.
Persons: , Araceli Bernal, Bernal, Stanley, @PrincessSunay, @kirks_minivan Organizations: Stanley, Target, Service, Business Insider Locations: Delaware, stashing
A San Francisco pizzeria appears to operate more than 70 virtual brands on DoorDash selling falafel, pasta, and wings. AdvertisementA pizzeria in San Francisco appears to operate more than 70 different virtual brands on DoorDash. Restaurants sometimes design their own virtual brands, but they can also host other virtual brands. Uber Eats removed 8,000 last spring and summer and DoorDash says it will remove brands that virtual brands quality requirements. Reddit users didn't seem surprised to discover that the Polk Street address operates a network of virtual brands.
Persons: Redditor, , N'Sert, Hoodline, We're, Fresco, DoorDash, Uber, they've, Philly, Polk Organizations: San, Service, DoorDash, Business, Polk, Fresco Inc, Google, Cupid's Locations: San Francisco, Burger, DoorDash
But some baristas are worried about how the reusable cup program will actually work. And will handing over a personal cup at the front of a drive-thru line slow down all the orders behind? Business Insider spoke to three Starbucks baristas about the reusable cup program. The Starbucks spokesperson said baristas got training on the new personal cup program — including practice time. I just can't see this working for morning rushes when we get like 30+ mobile orders per half hour."
Persons: , they're, it's, barista, there's, baristas, we're Organizations: Starbucks, Service, Business, BI, Mobile Locations: Atlanta, Israel, Colorado, Texas
By August 2023, Kala referred to her project as an "underground tunnel system." They did not comment further regarding whether the home in question was linked to the TikTok account. However, FOX5 reported receiving a tip identifying the home, which two residents confirmed matched the property in Kala's videos. But on December 30, Bogado posted a TikTok video disputing this account. When contacted via TikTok direct message, Kala declined to comment for this article.
Persons: , Kala, TikTokers, it's, she'd, FOX5, Bogado, who's, Kala's, Derek Organizations: Service, Business, NBC News, FOX, The Center, Investigative, NBC, BI Locations: Washington, DC, Herndon , Virginia, Herndon, Kala's, Central America
AdvertisementWhen Charles Patti read that ketamine had been a major factor in the "Friends" star Matthew Perry's death, his heart sank. AdvertisementMultiple researchers told Business Insider that labeling ketamine as the sole cause of Perry's death is misleading. "Matthew Perry's ketamine overdose should be a lesson in expanded use of the dangerous drug," declared The New York Post. There's no data on how many people go from receiving ketamine treatment in clinics to using it without a prescription. Herzberg, the historian, said he's not particularly worried about Perry's death causing a moral panic.
Persons: Matthew Perry, , Charles Patti, Matthew Perry's, Patti, Perry, Matthew, Joanna Moncrieff, Ryan Marino, Marilyn Monroe's, David Herzberg, Len Bias, Gerard Sanacora, it's, Chrissy Teigen, Elon Musk, We've, Herzberg, wasn't, Sanacora, I've, Sandhya Prashad, wouldn't, Keith Trujillo, Trujillo, he's Organizations: Service, Los, Business, New York, University of Buffalo, Yale, FDA, American Society, Physicians, Psychotherapists Locations: Florida, Los Angeles County, British, Swiss
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewSmileDirectClub is shutting down after filing for bankruptcy protection — and some customers say they have unfinished business with the company. The direct-to-consumer invisible aligners company announced it'd be "winding down global operations, effective immediately" with a note on its website Friday. Now, the abrupt shutdown has left some customers wondering how they'll complete their treatment plans and pay outstanding bills. And, the confusion continues on the SmileDirectClub subreddit where customers are looking for answers now that customer care support no longer exists.
Persons: , it'd, SmileDirectClub, hadn't, Christine Obanor, Obanor, she'd, Audrey, didn't, Alex Fenkell, Jordan Katzman Organizations: Service, Business, Company Locations: Netflix's
The Cybertruck will start at $60,990, tens of thousands more than what Tesla promised in 2019. It was the opposite, horrible launch event, disappointing range, almost abusive pricing considering what was promised," wrote one Tesla fan on Reddit . "For me, this potential purchase was always always about two things, setting aside the design: range & price. The company is offering a "range extender" which it says will bring the Cybertruck closer to its promised range. Prominent tech YouTuber Marques Brownlee also criticized the discrepancy between what Tesla promised in 2019 and what it is offering now.
Persons: Elon Musk, Austin Gigafactory, Tesla, , Austin gigafactory, Musk, Cybertruck subreddit, Elon, I've, it's, YouTuber Marques Brownlee Organizations: Service, Business
Mr. Chou pulled off the freeway and found a cinema, which happened to be showing “Paddington 2.” The woman at the concessions stand told him that he would love it. Mr. Chou had no idea that Paddington’s escapades would affect him so profoundly. Throughout the film, Paddington remains his bighearted, accident-prone self even as those around him change — and change for the better, often because of their interactions with him. “But he just keeps doing his thing,” Mr. Chou said. I just felt so happy at the end.”A few years later, with free time during the pandemic, Mr. Chou was a regular visitor to Reddit.
Persons: I’ll, , Chou, Mr, Kong ” Organizations: Paddington Locations: Southern California
The House Ethics Committee released a report regarding its investigation into George Santos. Included in its hundreds of pages of evidence are documents showing stocks Santos once traded. It appears he bought and sold stocks of GameStop and AMC when it en vogue. Buried in "Exhibit 58" of the committee's "Appendix D Part 5" is a selection of tens of thousands of dollars worth of GameStop and AMC Entertainment stock trades Santos reported making in 2021. AdvertisementIn early 2021, hobby stock traders from the "WallStreetBets" subreddit purchased stocks in GameStop en masse after learning investors had begun to short it.
Persons: George Santos, , Santos, It's, subreddit, Hermes Organizations: Santos, GameStop, AMC, Service, GOP Rep, House, AMC Entertainment Locations: Santos
There's a secret world of "overemployed" people who are holding down multiple high-paying jobs. "Overemployed" workers use their own language and codenames on Reddit. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Taking on multiple jobs to make ends meet isn't new, but these are professionals, often making large salaries, who are making hay in the remote work sunshine. Facebook mom groups talk about DH (dear husband) or LO (little one, or kid); and on looksmaxxing TikTok they talk about mogging (being more handsome than someone else).
Persons: , Insider's Aki Ito Organizations: Meta, IBM, Service, J3, RJ
Holding down multiple jobs has long been a backbreaking way for low-wage workers to get by. They freeze their employment histories with Equifax and hibernate their LinkedIn profiles, so employers can't see they're holding multiple jobs. Those with multiple jobs also seek out positions they hope will be OE-friendly — light on meetings, as well as on the workload. There's another incentive: Unlike most Americans, those who work multiple jobs don't have to worry about layoffs. There's something radical that happens to a worker's psychology when they have multiple jobs.
Persons: Bryan Roque, He'd, Roque, I'm, Isaac, Reddit, commiserate, he'd, it's, they're, , Tyler Le, George, who's, I've, Allison, Cole, he's, Matthew Berman, hasn't, Meta, Tinder, jugglers, Taylor, they'll, normies, Redditor, she'd, she's, Aki Ito Organizations: Amazon, IBM, Meta, Financial Independence, J1, McKinsey & Company, J2 Locations: Meta, Tinder, New York, California, Meta's, tatters
The feds busted a "sophisticated" brothel network that serviced politicians, pharma executives, and other high-profile clientele. Clients worried that they would be arrested, while others urged people to "shut the fuck up and lawyer up." AdvertisementAdvertisementThe Justice Department announced charges Wednesday against three defendants accused of operating a "sophisticated" brothel network in the Boston area and in eastern Virginia. "I'm glad I never participated," the user wrote in the forum after laying out the requirements. A Justice Department spokesperson declined to comment when asked if prosecutors are planning on charging others connected to the brothel network.
Persons: , — Han Lee, James Lee, Junmyung Lee —, Han Lee, Junmyung Lee, BTT, I'm Organizations: pharma, Service, Boston, Department, feds, Justice Locations: Virginia, Boston, Btt, Georgia, Massachusetts
One of the most sought-after items was a 40-ounce red Stanley tumbler that sold for $49.95. The 40-ounce red Stanley tumbler, labeled Stanley + Starbucks, sold out in many stores where supplies were limited. "The Starbucks x Stanley quencher is a limited supply item, so some stores may have already sold out," a Starbucks spokesperson told Insider. The poster said their store got only two Stanley tumblers, and "partners bought them right at open." The red tumblers are indeed being hawked on eBay for as much as $300.
Persons: Stanley tumbler, , tumbler, Stanley, quencher, TikToker, Stanley tumblers Organizations: Starbucks, Service, US, Stanley, eBay Locations: Tulsa
AdvertisementAdvertisementDuncan Bell was in a really bad spot when he appeared on Caleb Hammer's financial podcast. Hammer has been doing "Financial Audit" for around a year, and is starting to invite guests back. AdvertisementAdvertisementRon, 33 from Nashville, appeared on "Financial Audit" in June, where Hammer went through his $70,000 of credit-card, car, and student debt. Ron, who doesn't share his surname publicly, told Insider Hammer helped show him "how bad" his situation was. Colmenares said he asked Hammer to blur the parts of the video where his information was visible, but Hammer "wouldn't do it."
Persons: Caleb Hammer, , Duncan Bell, Caleb Hammer's, Hammer, didn't, Bell, He's, I'm, Adrianah Lee, she'd, Ron, there's, he's, hasn't, Juan Colmenares, Colmenares, Caleb Organizations: Service, General Electric, YouTube, Walmart Locations: San Antonio, Nashville, Spanish, Florida, Venezuela
Paul Krugman was mocked for declaring inflation is over based on a heavily adjusted measure. The Nobel economist shared a chart that excluded basics like food, energy, shelter, and used cars. His X post was still at the top of the popular Wall Street Bets subreddit on Friday morning. "A totally ridiculous measure," Jim Bianco, president and macro strategist of Bianco Research, said about Krugman's chart in an X post. Krugman, a retired MIT and Princeton economics professor, admitted to being too dismissive in a follow-up X post on Friday.
Persons: Paul Krugman, Krugman, , Jim Bianco, Chris Martenson, Martenson, he'd, They've Organizations: Service, Index, New York Times, Bianco Research, Prosperity, MIT, Princeton, Federal Reserve
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