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Hedge fund Melvin sustains 53% loss after Reddit onslaught

$4.5 billion drop in assets after bets against the likes of GameStop go sour. Enlarge (credit: Innocenti | Getty Images) Melvin Capital, the hedge fund that was wrongfooted by retail traders who drove up shares in GameStop and other companies.....»»

Category: topSource:  arstechnicaJan 31st, 2021

Amid controversial changes, Reddit is getting more popular—and profitable

With Reddit finally making money, the Reddit of yesteryear isn't coming back. In May 2023, Reddit announced that its API would no longer be free, signaling the demise of most thi.....»»

Category: topSource:  arstechnicaRelated NewsOct 30th, 2024

Why the AirPods Pro’s best new feature is forbidden in over 100 countries

Apple's new hearing health features for the AirPods Pro could be a game-changer for those with hearing loss, but half of all countries don't have access to them......»»

Category: topSource:  digitaltrendsRelated NewsOct 30th, 2024

Reddit just achieved something for the first time in its 20-year history

Reddit has turned a profit for the first time in its history, and its daily user base has grown to almost 100 million users......»»

Category: topSource:  telegraphRelated NewsOct 30th, 2024

Reddit just achieved something for the first time in its 20-year history

Reddit has turned a profit for the first time in its history, and its daily user base has grown to almost 100 million users......»»

Category: topSource:  telegraphRelated NewsOct 30th, 2024

Why building more big dams could be a costly gamble for future water security and the environment

Climate change and biodiversity loss are mounting threats to Australia's water security. So we often hear calls for more dams. But is that the answer?.....»»

Category: topSource:  physorgRelated NewsOct 29th, 2024

Google accused of shadow campaigns redirecting antitrust scrutiny to Microsoft

Cloud provider allegedly approached by Google ratted out shady group to Microsoft. On Monday, Microsoft came out guns blazing, posting a blog accusing Google of "dishonestly" fund.....»»

Category: topSource:  arstechnicaRelated NewsOct 28th, 2024

New insights into cancer risks from chemicals in fire smoke

Derek Urwin has a special stake in his work as a cancer control researcher. After undergraduate studies in applied mathematics at UCLA, he became a firefighter. His inspiration to launch a second career as a scientist was the loss of his brother, Isa.....»»

Category: topSource:  physorgRelated NewsOct 28th, 2024

The Unsettled Science behind Weight-Loss Drugs for Teens

Wegovy and similar weight-loss medications are becoming widely prescribed for teenagers with obesity, but little is known about their long-term effects.....»»

Category: scienceSource:  sciamRelated NewsOct 28th, 2024

UN biodiversity summit making "very good progress": officials

Crunch UN talks on ways to "halt and reverse" species loss by 2030 have made "very good progress," officials said Friday, as the summit in Colombia marked its halfway point......»»

Category: topSource:  physorgRelated NewsOct 26th, 2024

OLED TV early Black Friday deals 2024: Get up to 53% off

Looking for some great discounts? We've gathered up all of the best early OLED TV Black Friday deals for you in one, convenient place......»»

Category: topSource:  digitaltrendsRelated NewsOct 26th, 2024

Annoyed Redditors tanking Google Search results illustrates perils of AI scrapers

"Spreading misinformation suddenly becomes a noble goal," Redditor says. A trend on Reddit that sees Londoners giving false restaurant recommendations in order to keep their favo.....»»

Category: topSource:  arstechnicaRelated NewsOct 25th, 2024

New chemical treatment reduces number of plant pores that regulate water loss

Researchers from Nagoya University Institute of Transformative Biomolecules (WPI-ITbM) in Japan and their colleagues have identified and derivatized a chemical compound that effectively regulates the density of stomata in model plants. Stomata are cr.....»»

Category: topSource:  physorgRelated NewsOct 23rd, 2024

Shady drugmaker used code words to sell knockoff weight-loss drug: Lawsuit

After cease-and-desist letter, Pivotal Peptides allegedly sold mix-your-own tirzepatide as "11 mg." Amid ongoing legal battles over coveted GLP-1 therapies, a drug vendor in Washi.....»»

Category: topSource:  arstechnicaRelated NewsOct 23rd, 2024

Shady drugmaker used code words to sell knockoff weight-loss drug: lawsuit

After cease-and-desist letter, Pivotal Peptides allegedly sold mix-your-own tirzepatide as "11 mg." Amid ongoing legal battles over coveted GLP-1 therapies, a drug vendor in Washi.....»»

Category: topSource:  arstechnicaRelated NewsOct 22nd, 2024

Review of global conservation policies reveals equity key to combating biodiversity loss

New research reveals major global conservation policies lack clarity and thoroughness in how they deal with equity......»»

Category: topSource:  physorgRelated NewsOct 22nd, 2024

Revealing study sheds light on feeling of collective loss and "Britishness" after Queen"s death

Research on the public mourning after the Queen's death offers new insights on how groups or crowds of people with a shared identity—in this case "Britishness"—navigate periods of change and uncertainty......»»

Category: topSource:  physorgRelated NewsOct 22nd, 2024

Accurately weighing costs and benefits of different methods for controlling invasive species

Invasive insect species bring a host of health, social, ecological and economic consequences, including crop damage, food insecurity, biodiversity loss, ecosystem disruption, human disease transmission and rising allergy rates......»»

Category: topSource:  physorgRelated NewsOct 21st, 2024

Loss of "nitrogen fixers" threatens biodiversity, ecosystems, say biologists

Mississippi State University is part of a European-American collaboration studying how human activities, like fertilizer use and pollution, are impacting nitrogen-fixing plants which are crucial for maintaining healthy ecosystems by adding nitrogen t.....»»

Category: topSource:  physorgRelated NewsOct 21st, 2024

In Brazil, BYD bets on agribusiness to spur hybrid pickup sales

Launching a hybrid pickup at a price premium to its rivals, and significantly more than the $53,400 the same vehicle costs in Mexico, represents something of a gamble......»»

Category: topSource:  autonewsRelated NewsOct 21st, 2024

UN biodiversity summit opens with call for "significant" funding

The world's biggest nature protection conference opens in Colombia Monday with the United Nations chief calling for countries to "convert words into action" and fatten a fund seeking to address biodiversity loss......»»

Category: topSource:  informationweekRelated NewsOct 21st, 2024