i assume reddit is a _ site called reddit. i assume reddit is a positive - site called reddit. i assume reddit is a positive forum . reddit is a positive forum where people share reviews and talk about people in a positive way, but when i clicked on it, i was like, what is this? i was just shocked.— just shocked. reddit is a social media _ just shocked. reddit is a social media platform i just shocked. reddit is a l social media platform with just shocked. reddit is a - social media platform with more than 50 million daily users worldwide. it brings together news, users videos and pictures, as well as brilliance of comments. —— billions. it is best known for years as being able to set up their own groups to discuss almost any topic they want. most of them are harmless. but she found a photograph from her instagram account had been posted in a reddit group dedicated to men leering at women.— reddit group dedicated to men leering at women. what made me feel worse is _ leering at women. what made me feel worse is when _ leering at women. what made me feel worse is when i _

has this been an issue for reddit? if you are not policing things very tightly from the top, it is much more difficult to make sure that abuse of those platforms and people who use them and the content shared on them is kept in check. reddit expects its moderators to help police the groups, but i found a moderator who does the opposite. remember the group that targeted tanvi and the other women? it was set up by the moderator. he goes by the name zippomad, but who is he? i look at his previous comments on reddit. he has posted a screenshot of an image which he said in the description, oh it is a leak of a sex tape. here is another one, i have her number and her address. so he obviously has private details, private information of women, which he is willing to share. that is your address, where you live. you can even live at home with your family and your parents. this moderator also calls out people who criticise the group. someone has complained, asking zippomad to shut down the page, and then zippomad has commented, "

this time, it wasn't on reddit. i remembered those pictures. _ wasn't on reddit. i remembered those pictures. they _ wasn't on reddit. i remembered those pictures. they were i wasn't on reddit. i remembered those pictures. they were ones l those pictures. they were ones i shared with an many years before that i was assured by that ex—partner that had been deleted. despite having a written admission of guilt in a text message, because he does not claim to have wanted to hurt me, i was told by the police that there was nothing they could do. the police that there was nothing they could do.— they could do. the law currently _ they could do. the law currently offers - they could do. the law i currently offers unlimited legal protection to any women whose intimate images are linked online. collector culture is a term used to because many of the men collect these images in large repositories.- these images in large re ositories. , ., , , repositories. the problem is the law only _ repositories. the problem is the law only focuses - repositories. the problem is the l

reddits had a long history of problematic reddits, including creep shot sites and the like. and as your report said, reddit is not alone, there are a lot of other social media sites that have similar problems, so sadly it is not a surprise.— is not a surprise. what is a creep shot sites? _ is not a surprise. what is a creep shot sites? that _ is not a surprise. what is a creep shot sites? that is _ is not a surprise. what is a creep shot sites? that is where - is not a surprise. what is a creep shot sites? that is where you - is not a surprise. what is a creep i shot sites? that is where you have is not a surprise. what is a creep - shot sites? that is where you have a shot sites? that is where you have a shot of a woman _ shot sites? that is where you have a shot of a woman taken _ shot sites? that is where you have a shot of a woman taken without - shot sites? that is where you have a shot of a woman taken without her. shot of a woman taken without her consent. it is not necessarily explicit but the main idea behind it was to treat her as a sexual object rather than a pe

this time, it wasn't on reddit. i remembered those pictures, and they were ones that i shared with an ex—partner many years before that i was assured by that ex—partner had been deleted. despite having a written admission of guilt in a text message, because he doesn't claim to have wanted to hurt me, i was told by the police that there was nothing they could do. the law currently offers unlimited legal protection to any women whose intimate images are leaked on the internet. "collector culture" is the term - that's used because many of the men collect these imagesj in large repositories. the problem is, the law only focuses on the kind of malicious _ ex—partner sharing an image, the kind of revenge porn, i and this only covers a small number of cases of intimate image abuse. . back on the same reddit group tanvi and aisha were posted on, our investigation also found explicit images of at least 150 different women, as well as thousands of nonconsensual images and videos. reddit told us its safety teams regularl

this time, it wasn't on reddit. i remembered those pictures, and they were ones that i shared with an ex—partner many years before that i was assured by that ex—partner had been deleted. despite having a written admission of guilt in a text message, because he doesn't claim to have wanted to hurt me, i was told by the police that there was nothing they could do. the law currently offers limited legal protection to any women whose intimate images are leaked on the internet. "collector culture" is the term - that's used because many of the men collect these imagesj in large repositories. the problem is, the law only focuses on the kind of malicious _ ex—partner sharing an image, the kind of revenge porn, - and this only covers a small number of cases of intimate image abuse. . back on the same reddit group tanvi and aisha were posted on, our investigation also found explicit images of at least 150 different women, as well as thousands of non—consensual images and videos. reddit told us its safety teams regular

the group — on the social media site, reddit — has now been closed. but concerns are growing that it is just the latest part of a disturbing new trend. this report from monika plaha. hi guys. hope everyone is having a good saturday. tanvir is an influencer. a photo from her instagram account had been posted on the social media site reddit, in a group dedicated to men leering at south asian women. i saw so many men commenting about trying to find out information about me, my name, where i live, the things they would do to me, which were both degrading and sexual. they were calling me names. some of the images in this group are explicit and private, probably originally sent between partners. in other posts, women appear to have been secretly filmed while having sex, like ayesha. we have changed her name and voice to protect her identity. i stopped socialising, i stopped going out of the house. i was in and out of psychiatric units. i was just always self—harming. suicidal attempts. because it is coming to a point where i can't bear life any more. the

this time, it wasn't on reddit. i remembered those pictures, and they were ones that i shared with an ex—partner many years before that i was assured by that ex—partner had been deleted. despite having a written admission of guilt in a text message, because he doesn't claim to have wanted to hurt me, i was told by the police that there was nothing they could do. the law currently offers limited legal protection to any women whose intimate images are leaked on the internet. "collector culture" is the term - that's used because many of the men collect these images| in large repositories. the problem is, the law only focuses on the kind of malicious _ ex—partner sharing an image, the kind of revenge porn, i and this only covers a small number of cases of intimate image abuse. . back on the same reddit group tanvi and aisha were posted on, our investigation also found explicit images of at least 150 different women, as well as thousands of nonconsensual images and videos. reddit told us its safety teams regularly

the second prong of today's headline: high growth, high multiple name haves nothing to do with reddit. self-described ape traders are diving at this hour. lucid down 7% and mercado libra down 5% and docku sign is down also. bitcoin and ether are messy at this hour and bitcoin losing $2,007 and either yum down well below $2,000 a coin. can you blame the federal reserve for what we outlined? over the past three days, four fed bank presidents have used the verbal version of a red sharpy pen to make very clear the central bank is not done raising rates. let's put all of this together in the "claman countdown" couldron. how do you see this in the final hour? >> that, liz is only part of the answer. answer computers are piling on and cal gather rhythms are going and you've got a massive cocktail of toxicity today. volatility even under normal market conditions would be expected. this is a global margin call and people throwing in the towel, whatever you want to call it but you're seeing massive rundown into the close here. liz: dutch, we're double figures 354, 55 points for the dow and fall

investors in reddit levels cheering on the embattled goods chain. it is up 18.25%. "the wall street journal" said it secured a loan deal to shore up its debt. led by jp morgan light on specifics at the moment. transactions and the details of it are not yet disclosed but comes as bed bath and beyond shareholders endured a wild ride in august surging nearly 100% month to date. bbby a favorite with the retail investor crowd having its best month since the start of 2021. you remember what happened then; right, when meme stock mania swamped wall street hedge funds but pushing heavily shorted stocks dramatically higher. the original memes, game stop and amc moving in opposite directions at the moment. amc down just a tick about half a percent. bed bath and beyond as you see up 19% and game ststop down 2.7. let's get to the man who is the founder of wall street wets reddit forum. forum jaime rogozinski. what do you make of this month? >> it's been an interesting month and the retail traders, wall street bets crowd were out for the summer. i don't know maybe there was summe

you did see reddit and a variety gathered together and pushed markets higher and squeezed the biggest hedge funds throughout i don't think you can run the same play. so you have to feel like deja vu i thought dom brought up an interesting point about bitcoin bottoming. a lot of euphoria and enthusiasm we will have a deja vu in the meme stocks butyou have to loo at the fundamentals. bob is 100% right, the fundamentals are thin. we talk about what important metric in a company, operating income it's negative in gamestop. but if you want to buckle your chin strap you can trade here. there's support potentially on the chart at $34 whether you talk about all these stocks, amc, bed, bath & beyond. bed, bath & beyond is interesting. elon musk may wake up and get one of the 20% discount flyers and decide to buy it this is a high beta. if you're a trader and use stops hop in the water is warm. if you're talking long-term investment like bob was, i think you stay away from the first two names and if you want to take a bet, bet on bed, bath and beyond being bought for a lot of reasons but not th

the group — on the social media site, reddit — has now been closed. but concerns are growing that it is just the latest part of a disturbing new trend. this report is from monika plaha. tanvir is an influencer. a photo from her instagram account had been posted on the social media site reddit, in a group dedicated to men leering at south asian women. i saw so many men commenting about trying to find out information about me, my name, where i live, the things they would do to me, which were both degrading and sexual. they were calling me names. some of the images in this group are explicit and private, probably originally sent between partners. in other posts, women appear to have been secretly filmed while having sex, like ayesha. we have changed her name and voice to protect her identity. i stopped socialising, i stopped going out of the house. i was in and out of psychiatric units. i was just always self—harming. suicidal attempts. because it is coming to a point where i can't bear life any more. the law currently offers limited legal protection t

she married -- she married the reddit man. so she gets a little piece of it. >> ohanian. >> that's what i said. that's his name. and then, also, man, you know, i just think above all, it's important that we know-- as serena goes into whatever chapter is next for her, whatever she decides to do, we just hope that as you continue your legacy, we hope that it includes continuing to make weak-ass people cry. ( applause ) and we thank you for that. more tears. we still got time for traffic. >> trevor: no, we don't have time for the traffic, roy. >> we don't have time? you sure we don't have time. >> trevor: no. >> we have time. >> trevor: no, we don't have time. roy wood jr., everybody. don't go away, idris elba is going to be sitting right here. you don't want to miss it. ( cheers and applause ). natalie, do you know if your kids are home from school yet? like, are your kids home safe? did something happen to them? [phone vibrates] [ding] with advanced ai object detection and up to 4k resolution. you can protect your everything wi

it sent the news ticker bbby to the top of the reddit form. it's at $18.83 and the high of the session was $28.60 and the meme party spreading and game stop up about 5.8% and party city moving higher and amc entertainment up 1.3%. speaking of filings, we got a window into warren buffets thinking thanks to a filing. this during the second quarter. according to berkshire's 13f filing, buffet boosted his stake in paramount global that solidified a streaming deal with wal-mart and activism blizzard still trading about $10 below the buyout price. microsoft says it'll pay that to acquire the gaming giant. all three of the names are moving higher and as you know, where berkshire buys, it sells lately. reducing holdings in general motor, kroger and fully exiting in verizon. but it's not hurting verizon, up half a percent and kroger up 3.5% and general motor down about 1%. breaking news, folks, we need to take you live inside the state dining room at the white house. president joe biden expected to deliver remarks before signing $750 billion inflation

this photo is going viral on reddit. look at this. with the caption "when you're a teacher and your dog eats everyone's homework." >> that's just a good boy there. one user responded, oh, how the tables have turned. >> so everyone gets an "a," right? >> i think so. right? that's the rule. >> that's the rule. so cute, though. you can never go wrong with dogs. >>> finally, to the long-awaited family reunion for two hippo siblings. >> hip hip hooray! because the cincinnati zoo's celebrity hippo fiona finally got the chance to meet her little brother, fritz, face to face for the first time. >> aw. i wonder if she's giving him a hard time. the two were joined by their mother, bibi, for a leisurely swim around the pool. look at how cute they are. >> i love this. >> all right. friday polka is coming up soon. but first -- let's look at fiona and fritz one more time. >> you can't see enough of fiona and fritz. right? >> no, you can't. and we've been covering this for, you know, the anticipation of fritz. and now here's the meeting. >>> all rig

she married -- she married the reddit man. so she gets a little piece of it. >> ohanian. >> that's what i said. that's his name. and then, also, man, you know, i just think above all, it's important that we know-- as serena goes into whatever chapter is next for her, whatever she decides to do, we just hope that as you continue your legacy, we hope that it includes continuing to make weak-ass people cry. ( applause ) and we thank you for that. more tears. we still got time for traffic. >> trevor: no, we don't have time for the traffic, roy. >> we don't have time? you sure we don't have time. >> trevor: no. >> we have time. >> trevor: no, we don't have time. roy wood jr., everybody. don't go away, idris elba is going to be sitting right here. you don't want to miss it. ( cheers and applause ). i'm what you call a boutique hotel. i'm looking to provide a more unique experience. do you like single origin coffee over a game of chess? me too. ♪♪ (vo) singing, or speaking. reason, or fun. daring or thoughtful. sensitive or stron

what does something like reddit do for them? do we think more social media platforms will partner with them to get the job done? guest: this is not the first one. they did it with bitcoin. i think you will see more and more bitcoin adoption. there will be an extra layer of payment and blockchain if you want to go there. you can see his change is coming and getting new customers. i think it is a very smart way ftx is coming, not only working with social media platforms, but any place where you have an e-commerce option to be done, just add another crypto payment system out there. shelly: thank you, kavita, thank you so much for joining us. always great to have your take on the latest dramatic twists in the crypto business. [laughs] kavita gupta, and our very own sonali basak. coming up, snapchat's one million paid subscribers. what that means for the efforts to move away from advertising. we will discuss that next, this is bloomberg. ♪ emily: snap says it's paid subscription plan is a hit. the company launched snapchat plus bac

ipo virtually invisible in the first half of 2022 but could companies like instacart, reddit and impossible food find a way to make public debut and the panel takes up in moments and checking in on the big board as we wind downs first trading day of the week. dow's off 87 points. we'll be right back. ♪ lauren: china's online education company down 58%, they ipoed on friday at $5 a share and went as high as $186 before closing at friday at $18.75, now $7.85. volatility, what is going on with the ipo world. that's one example and bloomburg is saying 2022 on track to be the worst year since the financial crisis and companies have only raised $5 billion in the first half of the year for a 96% decline versus last year and with inflation in the driver seat behind extreme market volatility and recession fears, the most anticipated ipos of this year, instacart, reddit and beyond meat and rival foods tabled their entrances into the public markets as the economy cools and investors get nervous so when will investors see all the unicorns come out of hiding and bring in new constructs trainer and chi

the surge appears to be connect to a reddit form -- forum. remember, the guys on reddit were behind the surges in gamestop and amc last year. karina: some help for my a1c stayed here, it needed to be here. ruby's a1c is down with rybelsus®. my a1c wasn't at goal, now i'm down with rybelsus®. mom's a1c is down with rybelsus®. (♪ ♪) in a clinical study, once-daily rybelsus® significantly lowered a1c better than a leading branded pill. rybe rybelsus® if you or your family ever had medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2, or if allergic to it. stop rybelsus® and get medical help right away if you get a lump or swelling in your neck, severe stomach pain, or an allergic reaction. serious side effects may include pancreatitis. tell your provider about vision problems or changes. taking rybelsus® with a sulfonylurea or insulin increases low blood sugar risk. side effects like nausea, vomiting, and diarrhea may lead to dehydration, which may worsen kidney problems. need to get your a1c down? (♪ ♪)

a trend on reddit is being backed by marriage. counselors want to tell you about the to to to rule. nope - c'mon him? - i like him! nooooo... nooooo... quick, the quicker picker upper! bounty picks up messes quicker and is 2x more absorbent, so you can use less. bounty, the quicker picker upper. listen, i'm done settling. because this is my secret. i put it on once, no more touch ups! secret had ph balancing minerals; and it helps eliminate odor, instead of just masking it. so pull it in close. secret works. the key to a happy, healthy marriage and it could lie. and following. >> the 2, 2, to rule this rule essentially prioritizes spending time together as a couple includes having date nights every 2 weeks. >> a weekend getaway every 2 months. and then a week away as a couple every 2 years seems pretty doable and like it could work. this rule has its origins on a reddit thread from 2015, but it's resurfaced on social media just in recent weeks. a marriage counselor says this gives couples the time to communicate and find out what's going on in each other's lives. so keep the kids at

the same reddit boards posted the address of the magistrate judge who signed up on the fbi search warrant. that judge has faced death threats. republican officials didn't call for civil war in words, but their rhetoric was equally unhinged. florida governor ron desantis called the search, quote, the weaponization of federal agencies against the regime's political opponents. as we saw in january 6th, the words of officeholders and supporters can turn into real action and real danger. here's attorney general garland pushing back on those attacks this week. >> i will not stand by silently when their integrity is unfairly attacked. the men and women of the fbi and the justice department are dedicated, patriotic public servants. >> let's bring back our saturday night panel. mara, nbc's ben collins says the posts on these forums are the most violent he has seen since january 6th. what's your reaction to that? >> it is very scary. i mean, we have a confluence of events here, in which we've already seen, you know, online violence turn into rely we'll life violence. and it really didn't actually b

this was posted on the san francisco reddit page by any topic any question. >>> a sea otter will represent the monterey bay as a collection of stamps celebrating the national marine sanctuary system's anniversary. images include a breechg breaching humpback whale. and finally tonight, mm-hm, penguin chicks waddling along. the chicks joining the rest of the penguins on penguin isle. and they took their first swim. the penguins did. not those people with water up to their knees. charlie walter? >> good to see you. >> good to see you, too. >> good to see you as well. see him tomorrow morning. thanks for watching. next local newscast tomorrow from 6:00 to 7:00, and we'll now you can save big on supersonic wifi from xfinity. can it handle all of my devices? oh, all that. and it comes with a 2-year rate guarantee. what?! ok! no annual contract. no equipment fees. oh, and a free streaming box. oh, i like streaming. it's all just $50 a month when you add xfinity mobile with unlimited data. will you add a motorcycle? no... did you say yes? the new xfinity supersonic bundle. it's kind of a big deal.

but a recent photo posted on reddit appears to show a very pricey can may not be able to stand up to the rough and tumble streets. >> i wasn't sure what it was. >> reporter: kevin saw the can after the city came to fix it. >> it's not ideal. i would imagine if there were prototyping, then they're just trying to find what the best fit for the city will be. hopefully it doesn't look like that. >> reporter: this is the soft square can. and the pricey prototype costs about $20,000 to produce. the city is testing six models. three off the shelf and three custom designs. the first 30-day test period is wrapping up. >> a field test. if you can field test a garbage can in san francisco, you can field test a garbage canny where. >> reporter: rachel gordon is a spokesperson for san francisco public works and says part of the test is to see how the models stand up to real life on the streets. >> we don't want to go and put them on the street and find out wow, these door hinges weren't working. we want to see what's going to happen to these cans. does it need a different lock? does it need a dif

. >> in general, we are seeing this on reddit. quick the rule of social media and social platforms in general is we do disseminate information quickly. the ability for retailers to communicate to some extent. this was to give retail a place to learn, to collaborate, to share. it is a powerful tool. there is a lot of education and hardships that come out of it from a community perspective. >> any regulatory concerns at a moment like this? >> not so much. we have our house rules. we don't see any massive regulatory issues along the lines of social media. >> coming up, silicon valley possible best not venture capitalist go the biggest check ever to adam neumann, sparking an outcry about another tech guy feeling up. this is bloomberg. ♪ >> they just made one of the biggest ever bets on the man behind wework. some would call it the we disaster but the firm writing's largest single check investment to a residential real estate external founded by adam neumann. entries are rethinking the entire value chance. joining me now, a lot of tw

emily: in general, we are seeing this on reddit and twitter, what would you say the role is of social media in stock market movements these days? >> the rule of social media and social platforms in general is, we do disseminate information quickly. we allow the sharing of ideas. i think the ability for retail especially to communicate, to some extent organize, as you remember in the major meme stock moment of 2021, social media has a strong role to play in platforms like stocktwits to give retail a place to learn, to collaborate, to share and ideally do it in a way where they profit from it. it is a powerful tool. to be used for good and bad. there's a lot of agitation, learning, partnerships come out of it from a community perspective. emily: any regulatory concerns? at a moment like this? >> no, not so much. we have our house rules, but those are our rules. we cooperate where there are issues potentially on the board. we do know some of the bigger agencies are paying attention. but no, we don't see any regulatory issues along the lines of social media. not in the current environment

he's not some guy who reads reddit, pulls a slot machine handle. he's a sophisticated guy, big into math and has a family backing. he knew what he was doing. i don't think he was gambling and i think he was investing, and i draw a distinction between the two as we will throughout the show today. oh, kenny polcari is here. get into this debate. i say meme stocks are a gamble, not an investment. what say you? >> well, a thousand percent it's a gamble not an investment. i'm with you 100% on that. i got to have you a question i'm curious to see your interview with this young man jake freeman at 20 years old. partly, because he had 25 million to start, so you know , 25 million, and 130 million so everyone's making it like the guy started with a thousand dollars and turned it into 130 million. he didn't. he started with 25 million so let's just put that kind of out there. stuart: by the way, kenny, he's not going to be on the show. he's not an interview guest today. we can't even find a picture of him but we just wanted to tell the story but make sure ev

billy: if you look at reddit posts or my twitter dm's, it is a battle against short investors. retail traders view it as an opportunity to in their mind make safe bets so that if it has a 50% short interest, they are more than happy to bet that the shorts will have to cover. the investment thesis from the pros is that fundamentals will matter and we've seen that after quarter after quarter of disappointments like amc and gamestop that hasn't laid out a strategy. if you look at the longer-term perspective, money has been on wall street's side but the retail traders are continue to pilot -- pile it. katie: a year ago, two years ago, you might trillions of dollars of stimulus both from the government and federal reserve. it feels like a very different set up. billy: it is completely different and you're not paddling with the difference that the traders are stuck at home in their pajamas but there still is an opportunity for retail traders to make back money and make up some of the losses they have seen. when you look at it from the perspective of where it is at and where it was tr

he is saying things like every reddit -- red blooded american patriots should stand up. he's not telling them what to do but he doesn't need to. a lot of his allies especially -- are being more explicit with that. we've seen some of the violent implications of that recently. >> i want to loop back with choices legal implications. in a new article for politico, kyle, you write about trump's quote throw everything about -- against the wall response to the fbi search of his florida home. how has this new doj investigation caught his legal team off-guard? >> it's surprising they were caught off guard given we know how much background there was here with what was going on between the trump team and the defense department for months over these records. deep suspicion in the doj that turned out to be well founded that they hadn't received everything they wanted for mar-a-lago. but when the court ordered the search we still haven't really seen a full fledged legal strategy coming from trump's team. while trump on friday teased the idea that they would file a major motion to sort

people on reddit,. . none too pleased with him bed, bath & beyond, just a dramatic example of what we saw overall this week, if you look at some of the worst performers. let's pull that up. amazon.com, meta not having a great week. those were some of the great point decliner's. you look at some of the biggest percentage drops, it was baidu. a really ugly and to what was a difficult week overall. emily: bloomberg's katie greifeld. thanks for walking us through the week. for the first time ever, u.s. viewers are watching more hours on streaming then cable, marking a historic change and later treatment. subscribers to services like netflix accounted for 34.8% of all tv consumption in july, according to research. that edged out cable television at 34.4%, broadcast, 21.6%. let's break this down our media and entertainment analysts. will start with you, set the stage. what do these numbers tell us? >> streaming tv continues to gain share from broadcasting cable. nielsen rolled out this metric a couple of years

i think 2021 made a lot of people, especially some of the robinhood trader think the reddit wall street group think that it is easy, just buy a stock that is going up, will rogers told you if it doesn't go up, don't buy it. lisa: -- tom: lisa, jump in here. the different opinions that we've gotten here on the equity market, it is a jungle. lisa: i was just thinking it is easy, just by when it is hot and sell it when it is hot. in all honesty, we are looking at a real washout in some capacities. i am wondering how much that is going to factor into what happens next, especially through the less liquid aspects of the market. i'm thinking with private equity that has not yet been written down, and then the likes of juul, 88 percent due to an investigation, what it really reflects some of the antics that haven't been tracked in markets that are less visible. >> that is the appeal of alternatives. this includes venture capital, private equity, even farmland. you don't get a print every microsecond, you get a quarterly audit for some percentage over the course of the year. everything is update

highest volume day ever going back to the 1992 ipo dom, no apparent news pushing the stock higher, but reddit traders are jumping back in. 45% of the firm's float is shorted. it is also gamestop and amc which is getting the new love. the meme traders are back at it, do dom. >> a cycle they come in and out you never know >> it is wild. on some of those days when bed, bath & beyond is up, it is really up. for no news. >> i remember doing the market check yesterday with gains and thinking it is happening all over again. >> it started friday yesterday was a big day. >> courtney reagan, thank you. >>> to the breaking news and developments around what is characterized as an unprecedented investigation. the fbi executing a search warrant at the florida home at mar-a-lago outside of palm beach. all over documents taken from the white house. we have susan mcginnis with more >> reporter: dom, good morning this never before seen search of the former president private residence is over classified information that donald trump took from the white house and delivered to mar-a-lago when he left office. the

that is why reddit exists, comments on newspaper column websites exist. they would not exist because they would be liable for anything posted by anyone. facebook would be liable for privacy invading comments. so it protects those sorts of websites from leaving up damaging information. susan: we have a clip of clinton's signing the legislation in 1996 and trump, very unhappy with section 230, 30 years later. president clinton: today laws catch up with the future. we will help create an open marketplace for competition and innovation. [applause] trump: currently social media giants receive an unprecedented liability shield based on the idea that they are a neutral platform, which they are not. my executive order calls for deregulations under section 230 to make that social media companies that engage in censoring will not be able to keep their liability shield. susan: what happened to section 230? prof. gajda: people began to realize that it was perhaps too protective of certain websites and i will exclude former president trump from the discussion for the

in this particular case, how do you think these platforms, twitter, reddit should handle something like this? >> if anyone is calling for violence, i would condemn that. in fact, you can take down any post to incite violence or a crime. content like that is not protected under the first amendment. >> do you think anything like that should be taken down without #? >> that is where i was going to go with this. you can take down content that would seek to incite violence. however, i don't think that is what this #is necessarily doing. what i see is people on the right are criticizing this raid on president trump's pirate -- private home. soldiers wearing body armor and carrying ar-15's, weapons of war with their fingers just outside the trigger guard. it looked like a rate of something like pablo escobar's home. they are wondering if this is the beginning of a civil war. whether civil war is being declared on them. i think that is a legitimate question to ask. you have to see it in the context of not just this invent -- event but things that have been happening over the last 19 months. you

amc said it will issue preferred stock with a 1 cent dividend, ticker symbol 8 to repay investors and reddit rebels that shoved the stock into the means spotlight and kept the theater giant afloat during the pandemic. the man granting this gift offering amc ceo adam aron. it's easy to nod the ticker symbol a and stands for amc preferred equity. why was there a delay in investors embracing this listing down about 9% this morning and now up 20%? >> well, thank you for the introduction, liz, and, yes, yesterday we did post terrific earnings for this company, but as you say the big story -- the big news is the creation of a whole new class of securities, preferred equiany units, preferred stock and we'll trade on the new york stock exchange under its own symbol. like a two for one stock split, except instead of getting two common shares for one old share, you're getting one new ape of the preferred equity unit and one common share, but it was a complicated transaction and i'm not surprised it's taking the market a little time to figure it out. we do think that the creation of this preferred stoc

shares are jumping 36.75% and this heavily shorted stock seems to be among the most researched names on reddit's wall street best discussion group. users under the pin thread entitled game bbby and amc megathreat for monday are just loading up. we remind our viewers in the second quarter sales of the home goods chain crashed 27% and canned the ceo who just arrived from target in 2019. it's not just bed bath and beyond. game stop and amc are skyrocketing as well. game stop up 7.9% and amc come off the highs of the session up 9.13%. at the open both were halted shortly at the opening bell due to extreme volatility and no real news on either. amc shares may be getting follow-through on the 19% pop on friday after ceo adam aaron made his case on the "claman countdown" with the offering of a 1% dividend, ticker symbol a, is nottive to shareholders. even with top gun maverick as the wing man, the chain has not returned to profitability since the pandemic-forced closure but the stock is at $24.20 on the move to the upside. broader market investors are not quite sharings enthusiasm of the mean crowd at

we have an exclusive interview with the founder of reddit's wall street best. liz cheney loses the election and the latest fomc minutes. i am sonali basak with guy johnson to. . there is more to come on the inflation front. guy: but we are seeing numbers hold up relatively well which is confusing me. i am confused about everything. i am confused as to why we are talking about meme stocks. but it does combine with the shopping story with bath and beyond. and i'm confused in the way the consumer is holding up. spending money despite the squeeze on income. you are smarter than me. have you got a handle on what is happening? sonali: have about you be the bull today and i will be the bear. with bloomberg intelligence expecting inflation at 7.5%, are meme traders buying stock? guy: there seems to be some evidence of that. that comes to the question of the day. bed, bath & beyond, is the consumer spending beyond its means? let's keep that question around and tried to get to an answer. international economics and policy correspondent mike mckee over in new york. andrea

you have the sense of camaraderie and community like reddit and other platforms have founded. when you look at the confluence of those factors, we see it continue to pop up here and there. that is what we saw most recently last week with bed, bath & beyond in particular. that gets back to late 2019 when the trend of retail traders came into vogue. katie: the last two years of living through and reporting on this meme craze that is continuing in markets, we saw -- these stocks used to trade in blocks. you can see a break apart here now though. are we starting to see any fundamental stories return to these memes? bailey: i would not say it is fundamental. the more investors i talk to and strategists, each have their own story. gamestop was the tide that lifted all boats in january of 2021. then amc caught fire in early june, late may when the ceo embraced retail trading. then you saw that play out with bed, bath & beyond. you are looking at it where there are not fundamental reasons for the rallies. bed, bath & beyond will give a strategic update on wednesday. that is a speculat

to be fair to them, there are people who say even on reddit, i've had a great experience. so, you know, it's a lot of big numbers. they obviously weren't prepared for the number of folks who adopted this, but goldman sachs wants to be big in consumer finance. you know, they're working on a goldman sachs proprietary card if they want to be big in this, they have to fix this business i'm sure there's plenty of people chuckling a bit to see this customer service problem by such an issue. hugh, great reporting. everybody should read the piece on cnbc.com. thank you. >> thank you. >>> one of the guests called the top on this, and what he calls the singlemost development in the market right now next, when we come right back. b. oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labr

everyday when i come and i look at bed, bath & beyond and amc to see if the reddit phase is going strong. the individual traders. it is still on a tear. up 4% because why not. tom: was that the worst stockmarket report we've ever had? that was like a friday struggle. kailey: i'm all for it. she nailed it. tom: did facebook do nothing yesterday? kailey: it is called meta now. tom: tesla-free. kailey: to her point on bed, bath & beyond, and we laugh about checking meme stocks, it speaks of speculative fervor that some areas is back. isn't that the opposite of the conversation we had a month ago when the fed was tightening policy and you don't to be in those areas? what signal does that send more broadly. tom: let's have you bring in victoria fernandez, chief market strategist at cross mark global investments. out of rice and texas a&m, she understands speculative fever. kailey: the behavior we have seen not just in the more speculative assets by risk assets in general, the equity market rallying, is it a bear market rally to you or something you can buy? victoria i'm not 100% convinced it

they may be making their move into the world of streaming and the reddit revolution is picking back up and what direction do we see amc heading from here. this... is the planning effect. this is how it feels to have a dedicated fidelity advisor looking at your full financial picture. this is what it's like to have a comprehensive wealth plan with tax-smart investing strategies designed to help you keep more of what you earn. and set aside more for things like healthcare, or whatever comes down the road. this is "the planning effect" from fidelity. >>> walmart may be taking another stab at streaming and go head-to-head with amazon prime. the retailer is exploring deals with a number of major companies. >>> we reached out to walmart comment and have not heard back but the new york times reporting that walmart is exploring a streaming service into its membership program and walmart held talks with paramount, disney and comcast evaluate how it could use pt shows and move movies for a service that cost $13 a month and includes free shipping. i talked to some of the companies and paramount a

this is sort of in a way become one of those reddit wall street bet favorites at the moment as people decided when it was falling to about $1 a month or two ago that it could be a possible opportunity for the trade and sure enough, here we are with stock at $9.29. future of flight inching closer to liftoff. the vertical ceo telling us how soon his all evo air taxi takes flight as the stock heads skyward. it's a fox business exclusive. we have a 41 minute stretch before we hear the closing bell and dow is up 17. needs 32 points to exit correction territory. s&p up 3 and nasdaq up five. we're coming right back with so much more so don't go away. elizabeth: fox business alert, we are still with the majors dow, s and, p, nasdaq in the red albeit slightly. we've been up and down on this first day of august. time; right. love is not in the air between bumble and jeffrey's analyst the brokerage downgrading the dating app from buy to a hold citing tough competition from rival sites like match. jeffreys is saying that it's really worried about future revenue growth and so downgraded the dating

he has cred in the reddit social media community of social traders. tom hayes, always on your program says this, retail traders have the mentality anything that ryan cohen touches turns to gold. others just say he pulled out the rug from under the retail traders and you know, he announced when he intended to sell that stock. we caught up with one of the short seller traders. this is what he said. i think it is really dangerous. i think sec, whoever wants to regulate securities these days needs to look in to find out why a stock foes from 5 to 30 on no news in two weeks. i think it is very dangerous, set as really bad precedent. a lot of people lost a lot of money. a lot of people will lose a lot of money. reporter: meme stock faithful with all the red they're running to the exits today. bed, bath & beyond specifically, right now up until today, 250% gain in the past month this is renewed interest what is in a sick company, right? so is it time to capitalize on the lifeline that they were just given on this moment and consider selling shares, raising m

massive trading volume on top of the huge gain in price because they're the most popular topic on the reddit page wall street bets and part of the enthusiasm for bed bath and beyond is fueled by activist investor ryan cohen buying long term call options with the price as high as $80. look, other meme stocks going along for the ride. vin come adventures, vincom up 19%, party city up 16%, granted they're inexpensive stocks but huge percentage moves. we have breaking news for you. if you were waiting for a cheaper netflix plan, it could be coming. they're set to launch their low budget plan early next year. that's according to a report in bloomburg. they went inside the streaming giant's iphone app and suggests the new plan won't allow users to download shows or films for offline viewing when you see people watch stuff on the plane and they've download that had and the coyed they found suggests that users won't be able to skip ads so you have to see them and playback controls won't be available during ad breaks either. no word on the price tag but it would be cheaper than the basic plan, which

dollar and worth $12.72 and they believer the surge has been driven by smaller retail investors from reddit chat rooms like wall street bets and the home furnishing company faces huge challenges in the high inflation economy. shares surged about 11.13% over the past week. it's been a big week for bed bath and beyond. a dream come true for the chicago cubs. last night's field of dreams, we promoted this, yesterday. baseball game ended in a cubs victory over the cincinnati reds nearly 8,000 fans turned out for the game. held in the iowa corn field ballpark made famous by the kevin costner movie "field of dreams". but the moment getting the most buzz, during the seventh inning stretch, the famous line for the movie, if you build it, they will come came true. fans got a stunning performance by a hologram of the late, great hall of fame broadcaster harry carrie singing his rendition of take me out to the ball game. take a listen. how did they do that? fox sports created the hologram with help from silver spoon animation in partnership with nvidia studios. nvidia popping 4% right now. by the way,

apparently as a result of hype on twitter and reddit. yesterday amtd issued a thank you note to investors this if response to the volatility if you were running the sec today, what would you be doing >> look, anytime you have moves like this, you're going o to use the data available to you. continue to dig and try to find an explanation for events like this because as we've learned over the last few years, events like this cause opportunities for profit, but great risk of loss, particularly for our retail investors. and look, going back to my point a while ago, we have established norms and the most rigorous requirements for companies listed in the united states, and that's why we're going to see this shift for companies that aren't willing to abide by, what i would say is that level of transparency and accountability. >> and then finally, i wanted to ask you about robinhood. i don't know if you saw their earnings and plans to slash 23% of their staff clearly when you look at this business model, which has been challenged, this idea of p

this time it wasn't on reddit. i remembered those pictures, i and they were ones that i shared with an ex—partner many years before, that i was assured i by that ex—partner had been deleted. despite having a written admission of guilt in a text message, - because he doesn't claim to have wanted to hurt me, i was told i by the police that there i was nothing they could do. the law currently offers limited legal protection to any women whose intimate images are leaked on the internet. collector culture is the term that's used because many of the men collect these images in large repositories. the problem is the law only focuses on the kind of malicious ex—partner sharing an image, the kind of revenge porn. and this only covers a small number of cases of intimate image abuse. back on the same reddit group, tanvi and ayesha were posted on, our investigation also found explicit images of at least 150 different women, as well as thousands of non—consensual images and videos. reddit told us its safety teams regula

that you are showing up all over reddit, twitter, instagram, to represent people's feelings? >> i'm not aware, yeah. >> nikki: so many great expressions through the your career. [ laughter ] let's check out some of them. this one. "all right, everyone, we are going to go around and introduce ourselves: introverts." hilarious. this next one. "when the vitamin gummies kick in." [ laughter ] arnold sent that to you. great expressions. there's so often you have a feeling you try to express, you search for a memorandum, it isn't there. i wanted to know if you would create some of these specific circumstances so we could have memes for them tonight. >> yeah, yeah. oh, yeah. oh, yeah. i mean, stay right here. >> nikki: just stay right there, i'm going to give you a prompt, then you try to elicit that feeling expression-wise, and we'll take a picture and meme it. >> okay. >> nikki: ready, let's go. just accidentally sat on my balls be like? [ laughter ] [ applause ] when you thought it was a fart but you were wrong? [ laughter ] [ applause ] i like that you like it. you're like, ooh,