High Speed Traders Are Robbing Us All – Gawker

SHigh frequency trading, in which superfast computer algorithims buy and sell stocks in fractions of a second, is little more than a tax on financial markets that goes directly into private pockets. There’s more news today about how ridiculous the practice has become.Why do financial markets exist? Ostensibly, they exist to funnel capital to its most productive uses. That is what redeems them, socially. They are supposed to fulfill that beneficial purpose, in order to make all the high salaries of Wall Street motherfuckers at least theoretically tolerable. High frequency trading, on the other hand, has no socially redemptive value at all. It is a way for the person with the fastest fiber optic cable to suck money out of the financial markets for their own …

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High frequency trading, in which superfast computer algorithims buy and sell stocks in fractions of a second, is little more than a tax on financial markets that goes directly into private pockets. There's more news today about …

For more info: High Speed Traders Are Robbing Us All – Gawker

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High Speed Traders Are Robbing Us All – Gawker

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Twitter Stock Down 18 Percent After Earnings Show Disappointing …

You’d think investors would be happy. Twitter just released its first quarterly earnings report as a public company, with revenue and earnings coming in significantly ahead of analyst estimates.And yet, as of 6:02pm Eastern time, Twitter’s stock had fallen 18 percent in after-hours trading. What happened? Well, the company also said that it now has 241 million monthly actively users — up 30 percent year-over-year, as the release says, but only up about 4 percent from last quarter. In other words, it looks like user growth continues to slow.In addition, Timeline Views, which are another indication of user engagement, actually fell 7 percent to 148 billion.The concerns make sense, but at the same time, the discussion feels like a big reversal. As others have pointed out, a …

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And yet, as of 6:02pm Eastern time, Twitter's stock had fallen 18 percent in after-hours trading. What happened? Well, the company also said that it now has 241 million monthly actively users � up 30 percent year-over-year, …

For more info: Twitter Stock Down 18 Percent After Earnings Show Disappointing …

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Twitter Stock Down 18 Percent After Earnings Show Disappointing …

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The Consequences of Hiring Unqualified Workers to Remove Asbestos