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2022-06-17

$Semiconductor Bull 3X Shares(SOXL)$Interest up this goes down

2022-06-16

$NIO Inc.(NIO)$Up up up

2021-03-24

$Takung Art Co., Ltd.(TKAT)$Opinions on the Long term future of NFTs?

2021-02-04

HODLLLLLLL

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2021-02-01

Nice

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when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. 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The group said sales from U.S. chipmakers were about $208 billion, or about 47% of the total.</p>\n<p>Chip sales into the United States were $94.15 billion, up 19.8% from the previous year.</p>\n<p>Falan Yinug, SIA’s director of industry statistics and economic policy, said much of the rise in U.S. purchasing was driven by high-end memory chips used in applications such as data centers.</p>\n<p>American tech companies such as Amazon.com Inc, Microsoft Corp and Alphabet Inc’s Google all saw dramatic rises in the use of cloud computing over the course of 2020 as businesses adapted to working from home.</p>\n<p>While U.S.-based companies represented nearly half of semiconductor sales, they represented only about 12% of chip manufacturing capacity in 2020. That is down from 37% in 1990, as most U.S. companies now source their chips from factories in Asia.</p>\n<p>John Neuffer, president and chief executive of the industry group, said legislation passed last year to provide incentives to chip factories in the United States could help change that figure this year. The law could provide funding to U.S. companies such as Intel Corp or GlobalFoundries, as well as foreign firms such as Samsung Electronics Co Ltd or Taiwan Semiconductor Manufacturing Co Ltd.</p>\n<p>“Over the next 10 years, semiconductor manufacturing is going to grow 56%,” Neuffer said. “We want to make sure we’re getting a bigger piece of the manufacturing pie.”</p>","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>Chip sales rose 6.5% globally in 2020 after year-end rush</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\">\nChip sales rose 6.5% globally in 2020 after year-end rush\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-01 13:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Reuters) - Global semiconductor sales rose 6.5% overall in 2020, as a recovery during the last three months of the year helped offset a sharp dropoff in March and April, when pandemic stay-home orders rolled out around the world.</p>\n<p>Global sales were $439 billion in 2020, according to data from the Semiconductor Industry Association (SIA), a trade group that represents most U.S. chipmakers along with many international firms. The group said sales from U.S. chipmakers were about $208 billion, or about 47% of the total.</p>\n<p>Chip sales into the United States were $94.15 billion, up 19.8% from the previous year.</p>\n<p>Falan Yinug, SIA’s director of industry statistics and economic policy, said much of the rise in U.S. purchasing was driven by high-end memory chips used in applications such as data centers.</p>\n<p>American tech companies such as Amazon.com Inc, Microsoft Corp and Alphabet Inc’s Google all saw dramatic rises in the use of cloud computing over the course of 2020 as businesses adapted to working from home.</p>\n<p>While U.S.-based companies represented nearly half of semiconductor sales, they represented only about 12% of chip manufacturing capacity in 2020. That is down from 37% in 1990, as most U.S. companies now source their chips from factories in Asia.</p>\n<p>John Neuffer, president and chief executive of the industry group, said legislation passed last year to provide incentives to chip factories in the United States could help change that figure this year. The law could provide funding to U.S. companies such as Intel Corp or GlobalFoundries, as well as foreign firms such as Samsung Electronics Co Ltd or Taiwan Semiconductor Manufacturing Co Ltd.</p>\n<p>“Over the next 10 years, semiconductor manufacturing is going to grow 56%,” Neuffer said. “We want to make sure we’re getting a bigger piece of the manufacturing pie.”</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8a1a8c5698b6f32ee1637556a15bb35b","relate_stocks":{"INTC":"英特尔"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150391966","content_text":"(Reuters) - Global semiconductor sales rose 6.5% overall in 2020, as a recovery during the last three months of the year helped offset a sharp dropoff in March and April, when pandemic stay-home orders rolled out around the world.\nGlobal sales were $439 billion in 2020, according to data from the Semiconductor Industry Association (SIA), a trade group that represents most U.S. chipmakers along with many international firms. The group said sales from U.S. chipmakers were about $208 billion, or about 47% of the total.\nChip sales into the United States were $94.15 billion, up 19.8% from the previous year.\nFalan Yinug, SIA’s director of industry statistics and economic policy, said much of the rise in U.S. purchasing was driven by high-end memory chips used in applications such as data centers.\nAmerican tech companies such as Amazon.com Inc, Microsoft Corp and Alphabet Inc’s Google all saw dramatic rises in the use of cloud computing over the course of 2020 as businesses adapted to working from home.\nWhile U.S.-based companies represented nearly half of semiconductor sales, they represented only about 12% of chip manufacturing capacity in 2020. That is down from 37% in 1990, as most U.S. companies now source their chips from factories in Asia.\nJohn Neuffer, president and chief executive of the industry group, said legislation passed last year to provide incentives to chip factories in the United States could help change that figure this year. The law could provide funding to U.S. companies such as Intel Corp or GlobalFoundries, as well as foreign firms such as Samsung Electronics Co Ltd or Taiwan Semiconductor Manufacturing Co Ltd.\n“Over the next 10 years, semiconductor manufacturing is going to grow 56%,” Neuffer said. “We want to make sure we’re getting a bigger piece of the manufacturing pie.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":775,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317266608,"gmtCreate":1612451277704,"gmtModify":1704871433469,"author":{"id":"3574846983175079","authorId":"3574846983175079","name":"Lulser","avatar":"https://static.tigerbbs.com/048d651b2c6da3871f1a3fd37f2ebab5","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3574846983175079","authorIdStr":"3574846983175079"},"themes":[],"htmlText":"HODLLLLLLL","listText":"HODLLLLLLL","text":"HODLLLLLLL","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317266608","repostId":"2108713067","repostType":4,"repost":{"id":"2108713067","kind":"news","pubTimestamp":1612428021,"share":"https://ttm.financial/m/news/2108713067?lang=&edition=fundamental","pubTime":"2021-02-04 16:40","market":"us","language":"en","title":"GameStop Mania Stirs New Ire for Social-Media Shield Trump Hates","url":"https://stock-news.laohu8.com/highlight/detail?id=2108713067","media":"Bloomberg","summary":"(Bloomberg) -- Market turbulence fueled by a horde of retail investors targeting stocks like GameSto","content":"<p>(Bloomberg) -- Market turbulence fueled by a horde of retail investors targeting stocks like GameStop Corp. has some fingers pointing at an unexpected culprit: the social-media liability protections vilified by former President Donald Trump.</p><p>The investors who sent shares of GameStop and several other companies to previously unfathomable heights relied on a Reddit-based forum as a central gathering point to discuss trading strategies, egg each other on and move in unison to squeeze hedge funds that had shorted stocks. Regulators are examining whether any of their activity was illegal.</p><p>But even if it was, the social-media platform bears little risk from its users’ activity, thanks to a shield from lawsuits known as Section 230 -- which Congress passed to override a court decision in a lawsuit brought against the brokerage firm featured in the 2013 Martin Scorsese blockbuster “The Wolf of Wall Street.”</p><p>That provision of the 1996 Communications Decency Act is already under scrutiny in Washington from Republicans, who contend it has allowed social-media firms to discriminate against conservatives, and from Democrats, who say the networks have hidden behind its protections rather than crack down on dangerous behavior.</p><p>The rally came to a screeching halt this week with shares of GameStop down more than 80% from last week’s high. Now, the Securities and Exchange Commission is investigating whether anyone might have broken the law, for example by lying to raise the price of GameStop shares, only to sell their own shares in a so-called pump-and-dump scheme.</p><p>Treasury Secretary Janet Yellen will meet on Thursday with the heads of the SEC, the Federal Reserve and the Commodity Futures Trading Commission to discuss the recent volatility, the Treasury Department said in a statement on Wednesday night. The House Financial Services Committee has also scheduled a hearing for later this month to examine the issue.</p><p>“Reddit’s site-wide policies prohibit posting illegal content or soliciting or facilitating illegal transactions,” said a Reddit spokeswoman in an email. “We will review and cooperate with valid law enforcement investigations or actions as needed.”</p><p>If regulators find that some users went too far, Section 230 would largely insulate Reddit from liability. That has some social-media experts asking if Section 230 harms financial markets. Some say it’s unlikely a lightly moderated forum such as Reddit would even exist without Section 230, let alone allow the sort of speculation and stock promotion that saw GameStop shares rise 1,700% in a matter of days.</p><p>Without the act, “platforms would have to become more responsible -- almost overnight,” said Dipayan Ghosh, a former <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc. official and a White House technology policy adviser in the Obama administration. “And that wouldn’t be a bad thing,” said Ghosh, who is now a fellow at Harvard Kennedy School’s Shorenstein Center on Media, Politics and Public Policy.</p><p>Reddit has lobbied Congress, including the House Energy &amp; Commerce Committee that oversees tech policy, in support of keeping Section 230 intact, according to a person familiar with its efforts. Reddit has only been lobbying for about four years, relying on outside lobbyists. It spent about $200,000 a year in the past three years and $60,000 in 2017, its first year, according to its disclosures.</p><p>In an ironic twist, Section 230 itself was created in part as a response to shady stock schemes. In 1995, the brokerage founded by Jordan Belfort, who was played by Leonardo DiCaprio in the film, “The Wolf of Wall Street,” sued an anonymous online bulletin board poster for disparaging Belfort’s firm. The lawsuit included a now-defunct internet service provider, Prodigy, as a defendant because it hosted the forum.</p><p>The judge ruled that Prodigy could be held liable for its users’ content because it had actively sought to moderate the forum, sometimes by taking down posts. Fearing that the ruling would prompt nascent platforms to avoid liability by leaving up all content, lawmakers proposed what eventually became Section 230 in a law that aimed to regulate indecent material online.</p><p>The Reddit rebellion arose from a confluence of the social-media revolution brought about by Section 230, wildly popular apps that allow free stock trades, millions of pandemic-bored retail investors and long-festering antipathy toward Wall Street kingpins.</p><p>Experts say that much of what users of WallStreetBets, the Reddit channel favored by stock traders, have posted doesn’t appear to be illegal. The forum now has more than 8 million users, many of whom spew stock tips, engage in sometimes-juvenile banter and celebrate unbridled greed. None of that is against the law. It’s also not a crime to say that you own stock and think it will continue to rise.</p><p>Unless regulators find violations, Reddit probably won’t need the protection that Section 230 affords, said Eric Goldman, a professor at the Santa Clara University School of Law. “I haven’t seen any evidence that illegal stock manipulation is taking place on WallStreetBets, though that might still be proven,” Goldman said.</p><p>Still, without the federally protected sandbox of Section 230, Reddit and platforms like it would likely have been unable to grow into the wild-west of free speech that they are, said Ellen Goodman, a professor at Rutgers Law School who has studied online disinformation.</p><p>“If we had less Section 230 immunity, I suspect the platforms would be more engaged and Reddit would have been more engaged in monitoring and slowing down the traffic on WallStreetBets,” Goodman said.</p><p>Just as financial markets include trading halts for volatility, Goodman suggested platforms could take action to slow down viral disinformation when they see it.</p><p>Some industry advocates said the WallStreetBets drama isn’t a good reason to curtail Section 230.</p><p>“Let’s just imagine there is evidence that says someone was attempting to run a pump-and-dump scheme online,” said Matt Schruers, president of the Computer &amp; Communications Industry Association trade group, which counts Facebook and <a href=\"https://laohu8.com/S/TWTR\">Twitter</a>, but not Reddit, as members. “Regulators already have the tools that they need to penalize bad actors for engaging in that kind of securities fraud.”</p><p>The GameStop drama was the latest in a series of episodes in which social media users were alleged to have incited risky and dangerous activity, including planning the Jan. 6 U.S. Capitol insurrection and a plot to kidnap Michigan Governor Gretchen Whitmer.</p><p>While the GameStop incident didn’t involve threats of violence, and may not have even involved anything illegal, it could still give momentum to bipartisan efforts to increase social-media companies’ responsibility to moderate what users say.</p><p>Illinois Democratic Representative Jan Schakowsky, who chairs a House panel on consumer protection, is pushing to tighten Section 230 by forcing companies to police their own terms of service more aggressively. She is also looking at whether there are legal violations amid the WallStreetBets activity that are being protected by the shield, according to an aide familiar with her plans.</p><p>Lawmakers have offered measures to reform the legal shield, including by increasing transparency about how platforms make content decisions and forcing them to remove content deemed illegal by a court. Other proposals would eliminate child abuse material and illegal drug sales.</p><p>Trump frequently attacked Section 230, which he claimed enabled tech companies to shut down conservative speech. His Justice Department issued proposed changes to the law, and his allies introduced a flurry of bills on the issue. He prompted the Federal Communications Commission to prepare rules to limit companies’ ability to deal with political content, although it has since abandoned the effort. Trump also vetoed the annual defense authorization measure because it didn’t include a repeal of Section 230, but Congress overrode him.</p><p>While Wall Street has largely stayed out of the political debate over Section 230, that could change now that its profits are at stake. Increasing internet companies’ liability for user posts could ultimately benefit markets if it leads the platforms to better police their content, said Joshua Mitts, a Columbia Law School professor who studies market manipulation.</p><p>“Liability could be a good thing because it could curtail the situations where scare or euphoria tactics are used to make money,” Mitts said. “If it turns the platforms into more active police, it may be a good thing on balance for our markets.”</p>","source":"yahoofinance","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>GameStop Mania Stirs New Ire for Social-Media Shield Trump Hates</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; 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}\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\">\nGameStop Mania Stirs New Ire for Social-Media Shield Trump Hates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-04 16:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/gamestop-mania-stirs-ire-social-070000341.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Market turbulence fueled by a horde of retail investors targeting stocks like GameStop Corp. has some fingers pointing at an unexpected culprit: the social-media liability protections ...</p>\n\n<a href=\"https://finance.yahoo.com/news/gamestop-mania-stirs-ire-social-070000341.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/vzVQFTEdr7t4wlzWKpp7aQ--~B/aD0yNjY3O3c9NDAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/uu/api/res/1.2/65ymGsJXcslBe65BN18syg--~B/aD0yNjY3O3c9NDAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/f1f8a47e7f40dee53bd02b6f698f9a0c","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://finance.yahoo.com/news/gamestop-mania-stirs-ire-social-070000341.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2108713067","content_text":"(Bloomberg) -- Market turbulence fueled by a horde of retail investors targeting stocks like GameStop Corp. has some fingers pointing at an unexpected culprit: the social-media liability protections vilified by former President Donald Trump.The investors who sent shares of GameStop and several other companies to previously unfathomable heights relied on a Reddit-based forum as a central gathering point to discuss trading strategies, egg each other on and move in unison to squeeze hedge funds that had shorted stocks. Regulators are examining whether any of their activity was illegal.But even if it was, the social-media platform bears little risk from its users’ activity, thanks to a shield from lawsuits known as Section 230 -- which Congress passed to override a court decision in a lawsuit brought against the brokerage firm featured in the 2013 Martin Scorsese blockbuster “The Wolf of Wall Street.”That provision of the 1996 Communications Decency Act is already under scrutiny in Washington from Republicans, who contend it has allowed social-media firms to discriminate against conservatives, and from Democrats, who say the networks have hidden behind its protections rather than crack down on dangerous behavior.The rally came to a screeching halt this week with shares of GameStop down more than 80% from last week’s high. Now, the Securities and Exchange Commission is investigating whether anyone might have broken the law, for example by lying to raise the price of GameStop shares, only to sell their own shares in a so-called pump-and-dump scheme.Treasury Secretary Janet Yellen will meet on Thursday with the heads of the SEC, the Federal Reserve and the Commodity Futures Trading Commission to discuss the recent volatility, the Treasury Department said in a statement on Wednesday night. The House Financial Services Committee has also scheduled a hearing for later this month to examine the issue.“Reddit’s site-wide policies prohibit posting illegal content or soliciting or facilitating illegal transactions,” said a Reddit spokeswoman in an email. “We will review and cooperate with valid law enforcement investigations or actions as needed.”If regulators find that some users went too far, Section 230 would largely insulate Reddit from liability. That has some social-media experts asking if Section 230 harms financial markets. Some say it’s unlikely a lightly moderated forum such as Reddit would even exist without Section 230, let alone allow the sort of speculation and stock promotion that saw GameStop shares rise 1,700% in a matter of days.Without the act, “platforms would have to become more responsible -- almost overnight,” said Dipayan Ghosh, a former Facebook Inc. official and a White House technology policy adviser in the Obama administration. “And that wouldn’t be a bad thing,” said Ghosh, who is now a fellow at Harvard Kennedy School’s Shorenstein Center on Media, Politics and Public Policy.Reddit has lobbied Congress, including the House Energy & Commerce Committee that oversees tech policy, in support of keeping Section 230 intact, according to a person familiar with its efforts. Reddit has only been lobbying for about four years, relying on outside lobbyists. It spent about $200,000 a year in the past three years and $60,000 in 2017, its first year, according to its disclosures.In an ironic twist, Section 230 itself was created in part as a response to shady stock schemes. In 1995, the brokerage founded by Jordan Belfort, who was played by Leonardo DiCaprio in the film, “The Wolf of Wall Street,” sued an anonymous online bulletin board poster for disparaging Belfort’s firm. The lawsuit included a now-defunct internet service provider, Prodigy, as a defendant because it hosted the forum.The judge ruled that Prodigy could be held liable for its users’ content because it had actively sought to moderate the forum, sometimes by taking down posts. Fearing that the ruling would prompt nascent platforms to avoid liability by leaving up all content, lawmakers proposed what eventually became Section 230 in a law that aimed to regulate indecent material online.The Reddit rebellion arose from a confluence of the social-media revolution brought about by Section 230, wildly popular apps that allow free stock trades, millions of pandemic-bored retail investors and long-festering antipathy toward Wall Street kingpins.Experts say that much of what users of WallStreetBets, the Reddit channel favored by stock traders, have posted doesn’t appear to be illegal. The forum now has more than 8 million users, many of whom spew stock tips, engage in sometimes-juvenile banter and celebrate unbridled greed. None of that is against the law. It’s also not a crime to say that you own stock and think it will continue to rise.Unless regulators find violations, Reddit probably won’t need the protection that Section 230 affords, said Eric Goldman, a professor at the Santa Clara University School of Law. “I haven’t seen any evidence that illegal stock manipulation is taking place on WallStreetBets, though that might still be proven,” Goldman said.Still, without the federally protected sandbox of Section 230, Reddit and platforms like it would likely have been unable to grow into the wild-west of free speech that they are, said Ellen Goodman, a professor at Rutgers Law School who has studied online disinformation.“If we had less Section 230 immunity, I suspect the platforms would be more engaged and Reddit would have been more engaged in monitoring and slowing down the traffic on WallStreetBets,” Goodman said.Just as financial markets include trading halts for volatility, Goodman suggested platforms could take action to slow down viral disinformation when they see it.Some industry advocates said the WallStreetBets drama isn’t a good reason to curtail Section 230.“Let’s just imagine there is evidence that says someone was attempting to run a pump-and-dump scheme online,” said Matt Schruers, president of the Computer & Communications Industry Association trade group, which counts Facebook and Twitter, but not Reddit, as members. “Regulators already have the tools that they need to penalize bad actors for engaging in that kind of securities fraud.”The GameStop drama was the latest in a series of episodes in which social media users were alleged to have incited risky and dangerous activity, including planning the Jan. 6 U.S. Capitol insurrection and a plot to kidnap Michigan Governor Gretchen Whitmer.While the GameStop incident didn’t involve threats of violence, and may not have even involved anything illegal, it could still give momentum to bipartisan efforts to increase social-media companies’ responsibility to moderate what users say.Illinois Democratic Representative Jan Schakowsky, who chairs a House panel on consumer protection, is pushing to tighten Section 230 by forcing companies to police their own terms of service more aggressively. She is also looking at whether there are legal violations amid the WallStreetBets activity that are being protected by the shield, according to an aide familiar with her plans.Lawmakers have offered measures to reform the legal shield, including by increasing transparency about how platforms make content decisions and forcing them to remove content deemed illegal by a court. Other proposals would eliminate child abuse material and illegal drug sales.Trump frequently attacked Section 230, which he claimed enabled tech companies to shut down conservative speech. His Justice Department issued proposed changes to the law, and his allies introduced a flurry of bills on the issue. He prompted the Federal Communications Commission to prepare rules to limit companies’ ability to deal with political content, although it has since abandoned the effort. Trump also vetoed the annual defense authorization measure because it didn’t include a repeal of Section 230, but Congress overrode him.While Wall Street has largely stayed out of the political debate over Section 230, that could change now that its profits are at stake. Increasing internet companies’ liability for user posts could ultimately benefit markets if it leads the platforms to better police their content, said Joshua Mitts, a Columbia Law School professor who studies market manipulation.“Liability could be a good thing because it could curtail the situations where scare or euphoria tactics are used to make money,” Mitts said. “If it turns the platforms into more active police, it may be a good thing on balance for our markets.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}