So it’s another bank run? What s going on?
Boiler Room: The Official Stock Market Discussion
BlaxOps
Pro
Massive push on SPY. Big boys betting on bank collapse getting squeezed?
BlaxOps
Pro
I sold my calls at the open for this reason. It seems like it's a bull trap instead. Europe just announced that they're raising intrest rates and Powell will likely raise rates as well. Definetly bearish.
BlaxOps
Pro
The group of finance gurus are accused of leading viewers into ruin by uncritically praising FTX in exchange for cash.
Here's a case study in how not to win friends and influence people.
A prominent group of YouTube financial influencers have become the targets of a class action lawsuit accusing them of leading their viewers into financial ruin by uncritically promoting failed crypto exchange FTX in return for lucrative sponsorship deals.
The suit, filed on Wednesday in federal court in Miami , argues that the network of influencers played a key role in drawing customers into using FTX by convincing them it was a genuinely safe platform in a sea of fraudulent operators and crypto scams.
"FTX turned to celebrity and social media endorsers to position itself as the 'safe' option among cryptocurrency exchanges," the suit read. "FTX's paid endorser program was clearly designed to use the positive reputation associated with specific YouTube and other social network influencers to convince consumers that FTX was a safe place to buy and sell cryptocurrency."
The suit names well-known YouTube influencers Kevin Paffrath , Graham Stephan , Andrei Jikh, Jaspreet Singh , Brian Jung , Jeremy Lefebvre , Tom Nash , Ben Armstrong and Erika Kullberg as defendants. It also includes the Creators Agency , a talent management firm and digital ad network run by Kullberg and her husband, that helped put together the group's lucrative sponsorship deals with FTX.
When reached for comment, Paffrath said he was unaware of the suit. Messages left with the other defendants weren't immediately returned.
The group of influencers, several of whom have millions of followers on YouTube and other online platforms, never made much secret that they were being paid to promote FTX on their channels before the crypto exchange collapsed amid major fraud allegations late last year.
Some have claimed to have had six figure deals with FTX in exchange for promoting it. Some of the deals involved the influencer receiving commissions for each customer they sent FTX's way. Others were paid fees for simply mentioning the service on their broadcasts.
After FTX's demise, the YouTube influencer group was quick to issue online mea culpas acknowledging that they had made mistakes in uncritically promoting the service. They also rushed to remove old videos in which they sung the platform's praises.
Here's a case study in how not to win friends and influence people.
A prominent group of YouTube financial influencers have become the targets of a class action lawsuit accusing them of leading their viewers into financial ruin by uncritically promoting failed crypto exchange FTX in return for lucrative sponsorship deals.
The suit, filed on Wednesday in federal court in Miami , argues that the network of influencers played a key role in drawing customers into using FTX by convincing them it was a genuinely safe platform in a sea of fraudulent operators and crypto scams.
"FTX turned to celebrity and social media endorsers to position itself as the 'safe' option among cryptocurrency exchanges," the suit read. "FTX's paid endorser program was clearly designed to use the positive reputation associated with specific YouTube and other social network influencers to convince consumers that FTX was a safe place to buy and sell cryptocurrency."
The suit names well-known YouTube influencers Kevin Paffrath , Graham Stephan , Andrei Jikh, Jaspreet Singh , Brian Jung , Jeremy Lefebvre , Tom Nash , Ben Armstrong and Erika Kullberg as defendants. It also includes the Creators Agency , a talent management firm and digital ad network run by Kullberg and her husband, that helped put together the group's lucrative sponsorship deals with FTX.
When reached for comment, Paffrath said he was unaware of the suit. Messages left with the other defendants weren't immediately returned.
The group of influencers, several of whom have millions of followers on YouTube and other online platforms, never made much secret that they were being paid to promote FTX on their channels before the crypto exchange collapsed amid major fraud allegations late last year.
Some have claimed to have had six figure deals with FTX in exchange for promoting it. Some of the deals involved the influencer receiving commissions for each customer they sent FTX's way. Others were paid fees for simply mentioning the service on their broadcasts.
After FTX's demise, the YouTube influencer group was quick to issue online mea culpas acknowledging that they had made mistakes in uncritically promoting the service. They also rushed to remove old videos in which they sung the platform's praises.
Koapa
Superstar
BlaxOps
Pro
Any META fans here?
Facebook parent company Meta Platforms Inc. has created a tool to predict the structure of hundreds of millions of proteins using artificial intelligence. Researchers say it promises to deepen scientists' understanding of biology, and perhaps speed the discovery of new drugs.
Meta's research arm, Meta AI, used the new AI-based computer program known as ESMFold to create a public database of 617 million predicted proteins. Proteins are the building blocks of life and of many medicines, required for the function of tissues, organs and cells.
Drugs based on proteins are used to treat heart disease, certain cancers and HIV, among other illnesses, and many pharmaceutical companies have begun to pursue new drugs with artificial intelligence. Using AI to predict protein structures is expected to not only boost the effectiveness of existing drugs and drug candidates but also help discover molecules that could treat diseases whose cures have remained elusive.
Facebook parent company Meta Platforms Inc. has created a tool to predict the structure of hundreds of millions of proteins using artificial intelligence. Researchers say it promises to deepen scientists' understanding of biology, and perhaps speed the discovery of new drugs.
Meta's research arm, Meta AI, used the new AI-based computer program known as ESMFold to create a public database of 617 million predicted proteins. Proteins are the building blocks of life and of many medicines, required for the function of tissues, organs and cells.
Drugs based on proteins are used to treat heart disease, certain cancers and HIV, among other illnesses, and many pharmaceutical companies have begun to pursue new drugs with artificial intelligence. Using AI to predict protein structures is expected to not only boost the effectiveness of existing drugs and drug candidates but also help discover molecules that could treat diseases whose cures have remained elusive.
blues_funk_reggae
Veteran
When you get that notification saying, "NVDA is up to $254 today" 
BlaxOps
Pro
$RKLB
Oh fukk. You better be putting your money up brehs.
What does this mean?
JetFueledThoughts
Superstar
Saw that in my email. They also quietly cut their checking account APY from 2.5 - 1.2%, I’m not mad at it most checking accounts don’t do any interest at all’s
OneManGang
Veteran
Do we have a dedicated crypto thread or it included here?