ICYMI – Robinhood trading frenzy, Myanmar military coup
Robinhood’s users were at the center of last week’s wild rally in a handful of stocks that had been heavily shorted by hedge funds, and championed by individual investors in online chatrooms, including Reddit’s WallStreetBets.
Meanwhile in Russia, over 5,000 protesters were arrested in the heart of Moscow this Sunday, demanding the release of Kremlin-critic Alexey Navalny.
And just today, Myanmar’s military seized power in a coup against the democratically elected government of Nobel laureate Aung San Suu Kyi, who was detained along with other leaders of her National League for Democracy party in early morning raids.
Discover the stories that matter this week.
Analysis: Robinhood and Reddit protected from lawsuits by user agreement, Congress
Robinhood Markets Inc’s user agreement is likely to protect the brokerage app from a barrage of lawsuits filed by customers after it blocked a frenzied trading rally in companies such as GameStop Corp that was fueled on social media forums.
Military tanks and barricades roll out in capital Naypyitaw after coup
Military vehicles and soldiers were barricading roads in Myanmar’s capital Naypyitaw after the military seized power on Monday, in a coup against the democratically elected government.
Rally in support of Alexei Navalny in Moscow
A participant shows a peace sign as he is detained by Law enforcement officers during a rally in support of jailed Russian opposition leader Alexei Navalny in Moscow, Russia January 31, 2021.
Fact check: There is no evidence that mRNA vaccines would cause recipients to suffer from a ‘cytokine storm’
A post containing a lengthy quote allegedly written by an immunologist contains several false and unsupported claims over the use of mRNA vaccines.