NEW YORK: Shares of US videogame retailer GameStop skyrocketed by 144% on Monday as short sellers scrambled to cover their positions in the stock, which then pared gains in a roller coaster session that featured nine trading halts for volatility. Options activity also surged in the stock, which had gained 245% so far this year as of Friday's close. It closed Monday's session up 18% with $16.7 billion worth of GameStop shares traded -- more than triple the company's actual stock market value. Short sellers had bet against the stock because they viewed GameStop's retail business model as outdated. But GameStop shares began to rise after the video game retailer's announcement on Jan. 11 about appointments to its board to double down on digital sales. The buying frenzy as short sellers rushed to cover positions enticed retail investors to pile on in hopes of riding the stock's momentum higher. "Many traders leveraged positions betting the stock would go down and as it became a hot … [Read more...] about GameStop shares soar on short squeeze, then ease in wild trade session
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Makers of Sophia the robot plan to produce THOUSANDS of lifelike droids by the end of 2021 to provide company for people who are lonely and socially isolated during Covid-19 lockdowns
'Meanwhile artificial intelligence won't hold still. As people's demands for more generally intelligent machines push the complexity of AI forward, there will come a tipping point where robots will awaken and insist on their rights to exist, to live free.' … [Read more...] about Makers of Sophia the robot plan to produce THOUSANDS of lifelike droids by the end of 2021 to provide company for people who are lonely and socially isolated during Covid-19 lockdowns
The Sokpop Collective, an alternative vision of game development
If there is such a thing as a Sokpop style, it was never enforced. True, looks are important to them, so they put in a lot of time to make something appealing. But everything else came about as a byproduct of their friendship, of shared ideas, of revelling in the silliness of their games. They might develop individually, but of course they support each other, and they playtest, they advise. And if they see something they really like, they'll quite happily steal it to use themselves. Maybe that's where a kind of style emerged from. … [Read more...] about The Sokpop Collective, an alternative vision of game development
Hurley: Tom Brady Is Heading To His 10th Super Bowl, And That Is So Incredibly Stupid
The sport of football is not designed for one person to be in such complete control of one’s own destination. Getting to a single Super Bowl is a miracle in and of itself. Winning a Super Bowl, doubly so. A championship run is a mountain unto itself; only a select few manage to make it back a second time, let alone a third time. … [Read more...] about Hurley: Tom Brady Is Heading To His 10th Super Bowl, And That Is So Incredibly Stupid
VN-Index plummets back to January nadir
Total trading volume rose slightly over the previous session, to VND16.27 trillion ($704.31 million). Liquidity in the morning session alone was VND11 trillion, but there were signs of the system freezing yet again after 1.30 pm, when trading volume was at VND15 trillion, even though in the past few days HoSE was able to handle as much as VND20 trillion. … [Read more...] about VN-Index plummets back to January nadir
