This GameStop thing isn't funny, it's stupid

Submitted by Tech Insider on January 27, 2021 - 6:34pm

gamestop

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There is this bizarre narrative that the Reddit-driven GameStop stock bubble amounts to a way for ordinary investors to "stick it to the man" by causing some hedge funds to lose money. That those funds have been taught a lesson for selling short. Like GameStop's current share price, this narrative doesn't make any sense.

Apple said the Pro models of the iPhone 12 sold the best last quarter as a record number of people upgraded their devices (AAPL)

Submitted by Tech Insider on January 27, 2021 - 6:15pm

iPhone 12 Apple iPhone 12 Pro

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Apple said the high-end models of its latest iPhones sold the best during its most recent quarter. 

Apple reported strong earnings during its 2021 fiscal first quarter, beating Wall Street expectations and breaking its previous revenue record. The company reported $65.6 billion in iPhone revenue, surpassing analyst estimates of $60.33 billion.  

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