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- myJbmyJb
  ·2022-01-17
  Nice
  非常抱歉，此主贴已删除
  2,048 评论
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- myJbmyJb
  ·2021-10-02
  6//@clamst:Test
  Why Apple’s Risk Is Limited
  Apple faces real, but limited, risk to its revenue and profits from Friday’s ruling that requires it to allow developers to offer alternative payment methods for purchases made in apps downloaded through the Apple app store.In a case filed by Fortnite publisher Epic Games, U.S. District Judge Yvonne Gonzalez Rogers issued a permanent injunction that requires Apple to allow developers the option to include links to alternative payment methods in their apps. Apple’s own payment system takes a 30%
  Why Apple’s Risk Is Limited
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- myJbmyJb
  ·2021-09-07
  Great ariticle, would you like to share it?
  非常抱歉，此主贴已删除
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- myJbmyJb
  ·2021-06-22
  Nice
  非常抱歉，此主贴已删除
  1,540 评论
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- myJbmyJb
  ·2021-06-22
  Nice
  非常抱歉，此主贴已删除
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- myJbmyJb
  ·2021-06-21
  Thx
  Former SEC chair on the market risks even meme stock traders can't afford to ignore
  The Wall Street establishment and the Reddit-fueled meme stock traders don't see eye to eye, on just
  Former SEC chair on the market risks even meme stock traders can't afford to ignore
  1,116 评论
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- myJbmyJb
  ·2021-06-21
  Thx
  非常抱歉，此主贴已删除
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- myJbmyJb
  ·2021-06-20
  Gogogo
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- myJbmyJb
  ·2021-06-20
  yes
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href=\"https://laohu8.com/U/3585541935596173\">@clamst</a>:Test","listText":"6//<a href=\"https://laohu8.com/U/3585541935596173\">@clamst</a>:Test","text":"6//@clamst:Test","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/867005359","repostId":"1147045390","repostType":4,"repost":{"id":"1147045390","kind":"news","pubTimestamp":1631321547,"share":"https://www.laohu8.com/m/news/1147045390?lang=&edition=full","pubTime":"2021-09-11 08:52","market":"us","language":"en","title":"Why Apple’s Risk Is Limited","url":"https://stock-news.laohu8.com/highlight/detail?id=1147045390","media":"Barrons","summary":"Apple faces real, but limited, risk to its revenue and profits from Friday’s ruling that requires it to allow developers to offer alternative payment methods for purchases made in apps downloaded through the Apple app store.In a case filed by Fortnite publisher Epic Games, U.S. District Judge Yvonne Gonzalez Rogers issued a permanent injunction that requires Apple  to allow developers the option to include links to alternative payment methods in their apps. Apple’s own payment system takes a 30%","content":"<p>Apple faces real, but limited, risk to its revenue and profits from Friday’s ruling that requires it to allow developers to offer alternative payment methods for purchases made in apps downloaded through the Apple app store.</p>\n<p>In a case filed by Fortnite publisher Epic Games, U.S. District Judge Yvonne Gonzalez Rogers issued a permanent injunction that requires Apple (ticker: AAPL) to allow developers the option to include links to alternative payment methods in their apps. Apple’s own payment system takes a 30% cut from large developers.</p>\n<p>Data from the app tracker SensorTower shows that in calendar 2020, Apple had overall revenue from the App Store of $72.3 billion, generating an estimated $21.7 billion in fees, or about 7% of Apple’s overall revenues. That includes $21 billion in spending in the U.S., generating about $6.3 billion in fees, or about 2% of annualized revenues.</p>\n<p>SensorTower estimates that mobile-game spending in the App Store in calendar 2020 was $47.6 billion, generating $14.3 billion in fees, or a little under 5% of Apple’s total revenues.</p>\n<p>Gene Munster, managing director of the venture firm Loup Capital and a former sell-side analyst with a long history of tracking Apple, estimated that the App Store accounts for about 14% of the company’s profits. But he sees limited risk from Friday’s ruling.</p>\n<p>Munster thinks most app developers will stay inside of the Apple system. He sees “at most” a 2% headwind to overall revenue, and a potential 4% hit to profits.</p>\n<p>“After the first year of these changes, app store growth rates will return to normal,” he said. “Bottom line, it’s at most a one-year headwind and does not change the big picture of where Apple is going over the next 5 years.”</p>\n<p>Evercore ISI analyst Amit Daryanani said in a research note that the ruling is a setback for Apple, but that the eventual impact is likely to be manageable, given Apple has alternative ways to generate revenue from the store, including its growing in-store ad business. And he noted that Apple actually got a win on a bigger issue in the case: The judge rejected Epic’s assertion that the App Store is an illegal monopoly. Daryanani estimated the risk to Apple’s per-share earnings at 2% to 4%.</p>\n<p>Wedbush analyst Dan Ives told&nbsp;<i>Barron’s</i>&nbsp;he thinks the worst-case scenario is a 3% to 4% hit to revenues, describing the risk as a “rounding error.” While Ives said the Street had expected an across-the-board win for Apple, the mixed decision removes an overhang on the stock and that investors are likely relieved to put the issue to rest.</p>\n<p>The ruling is more a positive for companies like&nbsp;Spotify Technology&nbsp;and&nbsp;Match Group&nbsp;than it is a negative for Apple, he said. Apple stock fell 3.3% to $148.97&nbsp;on&nbsp;Friday, while Spotify and March gained 0.7% and&nbsp;4.2%, respectively.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Apple’s Risk Is Limited</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Apple’s Risk Is Limited\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-11 08:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/apple-app-store-epic-51631304007?mod=hp_LEAD_1_B_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple faces real, but limited, risk to its revenue and profits from Friday’s ruling that requires it to allow developers to offer alternative payment methods for purchases made in apps downloaded ...</p>\n\n<a href=\"https://www.barrons.com/articles/apple-app-store-epic-51631304007?mod=hp_LEAD_1_B_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.barrons.com/articles/apple-app-store-epic-51631304007?mod=hp_LEAD_1_B_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147045390","content_text":"Apple faces real, but limited, risk to its revenue and profits from Friday’s ruling that requires it to allow developers to offer alternative payment methods for purchases made in apps downloaded through the Apple app store.\nIn a case filed by Fortnite publisher Epic Games, U.S. District Judge Yvonne Gonzalez Rogers issued a permanent injunction that requires Apple (ticker: AAPL) to allow developers the option to include links to alternative payment methods in their apps. Apple’s own payment system takes a 30% cut from large developers.\nData from the app tracker SensorTower shows that in calendar 2020, Apple had overall revenue from the App Store of $72.3 billion, generating an estimated $21.7 billion in fees, or about 7% of Apple’s overall revenues. That includes $21 billion in spending in the U.S., generating about $6.3 billion in fees, or about 2% of annualized revenues.\nSensorTower estimates that mobile-game spending in the App Store in calendar 2020 was $47.6 billion, generating $14.3 billion in fees, or a little under 5% of Apple’s total revenues.\nGene Munster, managing director of the venture firm Loup Capital and a former sell-side analyst with a long history of tracking Apple, estimated that the App Store accounts for about 14% of the company’s profits. But he sees limited risk from Friday’s ruling.\nMunster thinks most app developers will stay inside of the Apple system. He sees “at most” a 2% headwind to overall revenue, and a potential 4% hit to profits.\n“After the first year of these changes, app store growth rates will return to normal,” he said. “Bottom line, it’s at most a one-year headwind and does not change the big picture of where Apple is going over the next 5 years.”\nEvercore ISI analyst Amit Daryanani said in a research note that the ruling is a setback for Apple, but that the eventual impact is likely to be manageable, given Apple has alternative ways to generate revenue from the store, including its growing in-store ad business. And he noted that Apple actually got a win on a bigger issue in the case: The judge rejected Epic’s assertion that the App Store is an illegal monopoly. Daryanani estimated the risk to Apple’s per-share earnings at 2% to 4%.\nWedbush analyst Dan Ives told Barron’s he thinks the worst-case scenario is a 3% to 4% hit to revenues, describing the risk as a “rounding error.” While Ives said the Street had expected an across-the-board win for Apple, the mixed decision removes an overhang on the stock and that investors are likely relieved to put the issue to rest.\nThe ruling is more a positive for companies like Spotify Technology and Match Group than it is a negative for Apple, he said. Apple stock fell 3.3% to $148.97 on Friday, while Spotify and March gained 0.7% and 4.2%, respectively.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2329,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":880048756,"gmtCreate":1631003537175,"gmtModify":1632904662059,"author":{"id":"3587004288709571","authorId":"3587004288709571","name":"myJb","avatar":"https://static.tigerbbs.com/4b9d12e537d15441f75fd564e778cc33","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3587004288709571","authorIdStr":"3587004288709571"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/880048756","repostId":"1187080413","repostType":4,"isVote":1,"tweetType":1,"viewCount":1432,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129099566,"gmtCreate":1624341529755,"gmtModify":1634007504600,"author":{"id":"3587004288709571","authorId":"3587004288709571","name":"myJb","avatar":"https://static.tigerbbs.com/4b9d12e537d15441f75fd564e778cc33","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3587004288709571","authorIdStr":"3587004288709571"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/129099566","repostId":"2145757030","repostType":4,"isVote":1,"tweetType":1,"viewCount":1540,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129099365,"gmtCreate":1624341473557,"gmtModify":1634007505218,"author":{"id":"3587004288709571","authorId":"3587004288709571","name":"myJb","avatar":"https://static.tigerbbs.com/4b9d12e537d15441f75fd564e778cc33","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3587004288709571","authorIdStr":"3587004288709571"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/129099365","repostId":"2145030439","repostType":4,"isVote":1,"tweetType":1,"viewCount":1607,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164701624,"gmtCreate":1624235295568,"gmtModify":1634009222084,"author":{"id":"3587004288709571","authorId":"3587004288709571","name":"myJb","avatar":"https://static.tigerbbs.com/4b9d12e537d15441f75fd564e778cc33","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3587004288709571","authorIdStr":"3587004288709571"},"themes":[],"htmlText":"Thx","listText":"Thx","text":"Thx","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/164701624","repostId":"1179485759","repostType":4,"repost":{"id":"1179485759","kind":"news","pubTimestamp":1624233799,"share":"https://www.laohu8.com/m/news/1179485759?lang=&edition=full","pubTime":"2021-06-21 08:03","market":"us","language":"en","title":"Former SEC chair on the market risks even meme stock traders can't afford to ignore","url":"https://stock-news.laohu8.com/highlight/detail?id=1179485759","media":"cnbc","summary":"The Wall Street establishment and the Reddit-fueled meme stock traders don't see eye to eye, on just","content":"<div>\n<p>The Wall Street establishment and the Reddit-fueled meme stock traders don't see eye to eye, on just about anything. In fact, rolling eyes at the stock market's traditional ways is inherent in trades ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/20/former-sec-chair-on-market-risks-even-meme-stock-traders-cant-ignore.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Former SEC chair on the market risks even meme stock traders can't afford to ignore</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFormer SEC chair on the market risks even meme stock traders can't afford to ignore\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 08:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/20/former-sec-chair-on-market-risks-even-meme-stock-traders-cant-ignore.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Wall Street establishment and the Reddit-fueled meme stock traders don't see eye to eye, on just about anything. In fact, rolling eyes at the stock market's traditional ways is inherent in trades ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/20/former-sec-chair-on-market-risks-even-meme-stock-traders-cant-ignore.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","GME":"游戏驿站"},"source_url":"https://www.cnbc.com/2021/06/20/former-sec-chair-on-market-risks-even-meme-stock-traders-cant-ignore.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1179485759","content_text":"The Wall Street establishment and the Reddit-fueled meme stock traders don't see eye to eye, on just about anything. In fact, rolling eyes at the stock market's traditional ways is inherent in trades like GameStop and AMC Entertainment.\nWarnings from the market greats, like Warren Buffett, may as well be a badge of honor among the new traders. But one thing Buffett hasn't noted in his criticisms of the \"casino\" atmosphere of this bull market and companies like Robinhood, which he hasthoroughly beat on, is that when he was a young investor himself he had a fondness for \"cigar butt\" stocks — the dregs of the market, companies with a few puffs left in them — before he graduated to a more refined kind of investing that made him a billionaire. And that Buffett footnote raises an important point about the market's newest investors.\nThe retail trading phenomenon has led to debate about whether getting investors into the market is the key, not how they get there, and what's occurring today will do more for long-term wealth creation than blaring about \"gambling\" in stocks and scaring people away from participating in the market.\n\"This is a permanent change,\" said Catherine Keating, BNY Mellon Wealth Management CEO, at last week'sCNBC Evolve Global Summit. \"It is a new generation of investors.\"\nShe said retail investing has grown faster that institutional trading over the past decade, and in the past year since the pandemic has increased from roughly 20% of trading activity to 35%.\n\"It is a permanent phenomenon and retail investors are very important to the market and the market is important to retail investors,\" Keating said.\nJay Clayton, the past Securities and Exchange Commission chairman, who recently returned to the law firm of Sullivan & Cromwell, said at the CNBC Evolve event that as life expectancy increases encouraging more American households to invest in the market is important, and that makes it a good thing that there is more participation in stocks, more broadly across American households, and earlier on.\nBut the meme stocks are another matter.\n\"Let's separate the two things,\" Clayton said. \"The meme stocks and the non-fundamental activity around meme stocks, that's something regulators, and we all, need to be cognizant of,\" he said. \"We do need to look at meme stocks and departure from fundamentals, but if part of it is earlier investing and broader participation, it is needed.\"\nThat may be about as close as the establishment is willing to get to giving at least a left-handed compliment to Robinhood and Reddit. And it doesn't mean Clayton doesn't have a warning or two to offer — whether meme stock traders want it or not — to help keep the new investors on the right path, and maybe scare them just a little.\nKnow why and where the SEC can't protect investors\nOne of Clayton's big concerns is that retail investors aren't aware just how little power the SEC has over the new ways investors communicate information.\nThe SEC's job when it comes to stock market communication is to make sure when companies disseminate material information it is not misleading and it is fairly disclosed, but it is not the SEC's job to regulate price — other than in stock market circuit breaker scenarios — and it doesn't have much if any power to sanction individuals making recommendations on social media message boards.\nThe current situation has Clayton concerned about \"the slivers of information that retail investors are buying and selling on,\" and the new methods of trading and market communication raising the risk of new kinds of stock pump-and-dump schemes which the SEC is powerless against.\n\n In America, we don't tell people you cannot buy and sell securities.Jay Clayton, former SEC chairman\n\n\"We are seeing flows, trading flows from retail investors that are unprecedented ... driving these price swings,\" Clayton said. \"In America, we don't tell people you cannot buy and sell securities,\" unless the information violates securities law or there has been stock manipulation.\nCompanies have significant legal liability they take on in being public companies, and investors need to understand that is not the case with Reddit. \"Those providing information who are not companies, on the message boards ... the simple truth is they should be given less credibility, less deference,\" Clayton said.\n\"I don't think the SEC should ignore this, and if it is analogous to some pump-and-dump penny stock arena, then of course it should be looking. But we need people to look and ask, 'is this a reliable source of information?'\" Clayton said. \"I get it. People may not feel companies are forthcoming, but companies do have a legal responsibility and the SEC is watching, and they have auditors. So I think we have a situation where things are a bit askew,\" he said.\nAs the SEC considers new action under new chairman Gary Gensler, including a hard look at how thepractice of selling order flowto big hedge funds influences stock trade best execution — which is at the heart of the business model of free trading platforms including Robinhood — NYSE President Stacey Cunningham says it would be a mistake to deny investors opportunity.\nSingle stocks and meme stocks, in particular, have a high level of retail investor trading and the vast majority of the order flow can trade off exchanges. It is an issue when price formation is not reflective of overall market supply and demand. \"That is what the market is supposed to do ... find the best price ... and when you're not including 65% of investors,\" Cunningham said, referencing data on off-exchange trading, \"we do think the pendulum has swung too far.\"\nBut she added that it can swing back too far in the other direction as well.\n\"It's really critical we provide access to opportunities to investors,\" Cunningham said. \"It isn't just the SEC where investors are frustrated. They feel the system is rigged against them whether it is hedge funds or other elements, so want to make sure it is open to them. ... we don't want to close off access by regulations that deny opportunity.\"","news_type":1,"symbols_score_info":{"AMC":0.9,"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":1116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164700573,"gmtCreate":1624235217592,"gmtModify":1634009224407,"author":{"id":"3587004288709571","authorId":"3587004288709571","name":"myJb","avatar":"https://static.tigerbbs.com/4b9d12e537d15441f75fd564e778cc33","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3587004288709571","authorIdStr":"3587004288709571"},"themes":[],"htmlText":"Thx","listText":"Thx","text":"Thx","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/164700573","repostId":"1134750693","repostType":4,"isVote":1,"tweetType":1,"viewCount":1987,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164802797,"gmtCreate":1624187695219,"gmtModify":1634009670737,"author":{"id":"3587004288709571","authorId":"3587004288709571","name":"myJb","avatar":"https://static.tigerbbs.com/4b9d12e537d15441f75fd564e778cc33","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3587004288709571","authorIdStr":"3587004288709571"},"themes":[],"htmlText":"Gogogo","listText":"Gogogo","text":"Gogogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/164802797","repostId":"1126454279","repostType":4,"isVote":1,"tweetType":1,"viewCount":1432,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164802656,"gmtCreate":1624187658175,"gmtModify":1634009671106,"author":{"id":"3587004288709571","authorId":"3587004288709571","name":"myJb","avatar":"https://static.tigerbbs.com/4b9d12e537d15441f75fd564e778cc33","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3587004288709571","authorIdStr":"3587004288709571"},"themes":[],"htmlText":"yes","listText":"yes","text":"yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/164802656","repostId":"1113942445","repostType":4,"isVote":1,"tweetType":1,"viewCount":2849,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}