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Tom Brady vs. Patrick Mahomes: A Battle of the Ages

Tom Brady and Patrick Mahomes function within the same general constructs that have governed the N.F.L. for more than a century — playing on a field measuring 360 by 160 feet, accompanied by 21 other players, trying to gain 10 yards in four downs.

Their approaches, though, are a gulf apart, with each quarterback at the pinnacle of styles that define the modern offensive era. Brady, 43, is a pocket passer extraordinaire, an archetype that is waning as teams try to build around dual-threat quarterbacks like Mahomes, 25, who can lead the dynamic offenses that have reimagined how football is played in 2021.

For as much as either player seems to be a representative of their generation, a model to be copied, the truth is their singular brilliance cannot be replicated.

Brady has won six Super Bowls — and appeared in three others — by shredding defenses with his arm, his eyes, his brain. Mahomes, though, captures what it means to play entertaining football in 2021. He deploys more arm angles than an octopus, dodges defenders with glee and can throw 60 yards off his back foot, skills he has displayed in a bid to become only the second quarterback to win two Super Bowls in his first four seasons.

The other? Brady, of course.

To understand their distinctive artistry ahead of Super Bowl LV, we evaluated the key points of the difference between how Brady and Mahomes attained their successes this season.

Today’s N.F.L. puts a premium on agile quarterbacks. Gone are the days when a passer could stand still in the pocket behind a protective wall of offensive linemen and not expect to be crushed by defensive linemen and edge rushers.

The quarterbacks who flourish against pressure now either launch the ball quickly and with deadeye precision, like Brady, or they evade and elude like Mahomes, extending plays to create lanes to run or pass, stressing defenses with possibility.

Mahomes’s improvisational aptitude means opponents don’t know whether he’ll run or pass — only that he can produce special outcomes with both. Defenses pressure quarterbacks to unnerve them and goad them into mistakes, but with Mahomes, the more chaos churns around him, the better he plays.

“Once the play breaks down,” Buccaneers linebacker Lavonte David said of Mahomes, “he finds a way to make the play happen again.”

In the 2020 regular season and playoffs, Mahomes posted a league-best 126.7 passer rating when teams rushed with at least five players, according to the sports data service Sportradar. Against the blitz, Mahomes completed a greater percentage of passes than Brady did (67.3 to 58.9), and he also outshined him in yards per attempt (8.8 to 7.8) and touchdowns (14 to 12) while throwing no interceptions to Brady’s six.

Outside of the pocket, Mahomes can throw from anywhere on the field, at any time, using an array of arm slots — sidearm flicks, underhand spirals, even left-handed. Plotted together, the locations from where he throws in the course of a game look like an unfinished paint-by-numbers, scattered from sideline to sideline. By contrast, Brady’s points of release clot in a central location — the pocket, where he is most comfortable and assertive.

“I’m a fan of Patrick Mahomes,” Buccaneers quarterbacks coach Clyde Christensen said, “but I don’t want Tom to play like him Sunday.”

Brady and Mahomes command the N.F.L.’s two most prolific and explosive passing offenses by targeting their teammates in completely different ways.

The Chiefs prefer to maximize their fleet of pass-catchers by spreading out defenses, creating mismatches — and space — for their leading receivers, Tyreek Hill and tight end Travis Kelce. Loaded with run-pass options, which prod defenders into hesitating or overcommitting because they can’t discern what’s coming, the Chiefs’ offense teems with creativity.

Kansas City’s receivers always seem open, and by getting them the ball in space Mahomes enables them to run — and run and run. His average completion netted 5.8 yards after the catch (YAC), fourth in the league, and no matter which position Mahomes threw to, or how long the pass itself traveled, according to Football Outsiders and Sports Info Solutions, his passes led to significantly more YAC than Brady’s.

One reason? The Chiefs excel at breaking tackles. Kelce — who ranked second in the league in YAC — broke 26 on receptions, while Hill had 17, according to Football Outsiders and Sports Info Solutions. The top Buccaneers receiver, Mike Evans, broke just seven tackles.

The Buccaneers’ taller, refined receivers run their routes and beat their defenders at the moment they’re about to grab the ball, so a significant share of Brady’s passing yards are accrued when the receiver makes the catch itself. His 7.3 yards per reception at the catch ranked second in the N.F.L., according to Sportradar, echoing Coach Bruce Arians’s “no risk it, no biscuit” philosophy.

Brady signed with Tampa Bay in March amid conjecture that he couldn’t throw deep regularly anymore. When Christensen, his new quarterbacks coach, watched film of him before the Buccaneers pursued him in free agency, he came away positive that Brady had the arm strength, and the downfield accuracy, to thrive in their field-stretching offense.

Improving as the season progressed, Brady led the league in attempts, completions and touchdowns — and interceptions — on passes that traveled at least 20 yards in the air, according to Sportradar. However, Mahomes was more efficient downfield than Brady, completing a greater percentage of passes (36 to 34.1) with nine touchdowns and no interceptions.

“We faced so many deep coverages with teams, where they’re taking way all our deep throws,” Mahomes said. “I had to learn when to just to take what’s underneath, and that’s something where I’ve kind of grown and matured.”

Three-tenths of a second. The difference is imperceptible to the naked eye but that’s how much more time, on average, Mahomes takes than Brady to throw the ball.

Brady’s average release time of 2.4 seconds, according to Pro Football Focus, reflects what Arians called his “fast-twitch reactionary” brain. Before the ball is snapped, Brady anticipates defenses so well, and gets such outstanding protection from his offensive line, that he is able to get rid of the ball at the third-fastest rate in the N.F.L. among qualified quarterbacks (those who took half their team’s drop-backs) even as he throws deep passes regularly.

Mahomes’s average release takes 2.68 seconds, but the Chiefs’ offense is loaded with plays meant for him to unleash the ball in under 2.5. When he does so, Mahomes completes 78.9 percent of his throws (to Brady’s 55.9) with a passer rating of 119.9 (to Brady’s 98.4).

Those differences in delivery inform which routes Brady and Mahomes connect with in the passing game. The two share the same three most-frequent routes to throw to, according to Football Outsiders and Sports Info Solutions — curls, flies and outs — just in different incidences. Mahomes threw to curl routes 111 times this season, with Brady showing less impartiality among the three.

But they then diverged, with Brady preferring digs and finding a greater variety of deep routes while Mahomes fancied mayhem, completing 45 passes when the designed play was a busted and he had to freelance. For Brady, broken plays didn’t even crack his top 10 most favored routes.

“There’s no throw he can’t make, and there’s no throw he won’t make,” Buccaneers cornerbacks coach Kevin Ross said of Mahomes. “You think it’s not going to come your way and it will come your way.”

Produced by Meg Felling and Dave Horn.

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First on CNN: Cheney gets boost from McConnell amid divisive intraparty battle over Trump’s impeachment

On Monday, Senate Minority Leader Mitch McConnell was the latest Republican to give her a boost, saying in a statement to CNN that she had “the courage” to act on her convictions in the aftermath of her vote to impeach Trump last month on a charge he incited the deadly insurrection that ransacked Capitol Hill on January 6.

“Liz Cheney is a leader with deep convictions and the courage to act on them,” McConnell said. “She is an important leader in our party and in our nation. I am grateful for her service and look forward to continuing to work with her on the crucial issues facing our nation.”

The statement comes as a cross-section of GOP lawmakers — from top Republicans in Senate leadership like fellow Wyoming Republican Sen. John Barrasso to some conservative House Freedom Caucus members like Rep. Chip Roy of Texas — have publicly defended Cheney in the face of the onslaught from Trump defenders eager to see her defeated. Last week, Rep. Matt Gaetz of Florida, a close Trump ally, traveled to Wyoming to rally against Cheney, with the former President’s eldest son, Donald Trump Jr., calling into the event and demanding she be defeated in next year’s primary.

The former President is focusing his political energy on targeting Cheney. According to one source, Trump has repeatedly questioned his Republican allies about efforts to remove Cheney from her leadership position and run a primary candidate against her. He has also been showing those allies a poll commissioned by his Save America PAC that purports to show that Cheney’s impeachment vote has damaged her standing in Wyoming, even urging them to talk about the poll on television.

On Capitol Hill, some Trump defenders are trying to oust her from her leadership, though it’s far from clear they have a majority in the House Republican conference to succeed in that quest. Cheney’s vote to impeach Trump, along with the votes of nine other House Republicans, is expected to be a topic of conversation when the House GOP meets behind closed doors on Wednesday. Already, some Republicans who supported Trump’s impeachment have been subject to intense backlash back home, including South Carolina Rep. Tom Rice, who was censured by his state party over the weekend.

McConnell, who voted last week along with 44 of his Senate GOP colleagues to keep alive an effort to dismiss the Senate impeachment trial on constitutional grounds, has privately told associates he believes Trump committed impeachable offenses, according to sources familiar with the conversations.

When asked by CNN last week if he believes Trump’s actions ahead of the riot amounted to impeachable conduct, McConnell sidestepped the question — and later said he was a juror and would assess the arguments. But unlike House Republicans, most Senate Republicans are distancing themselves from Trump’s actions, even though they’re signaling they’ll vote to acquit on the grounds that they believe the Senate shouldn’t be trying a former president.

Cheney has also received support from beyond Capitol Hill. Former President George W. Bush has made it clear that he supports her, with his chief of staff, Freddy Ford, telling CNN on Friday that Bush planned to praise her during a Saturday call with his former vice president, her father, Dick Cheney.
McConnell’s statement defending Cheney is more of a full-throated defense than the one offered by House Republican leader, Rep. Kevin McCarthy of California, who said he backs Cheney but said she would have to answer to their conference for her vote.

“Look, I support her, but I also have concerns,” McCarthy said last month, days before he jaunted down to South Florida to visit the former President and claimed the two were united in attempting to take back the House next year.

McConnell hasn’t spoken to Trump since December 15.

This story has been updated with more information.

CNN’s Caroline Kelly and Michael Warren contributed to this report.

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AMC, GameStop stock jumps: Reddit’s ‘insane’ battle with Wall Street a ‘train wreck’

GameStop shareholders are watching piles of cash come in. But for how long?


Angela Lang/CNET

GameStop is one of those stores nearly every gamer has a story about. Many of today’s adults spent their childhoods in one of the stores, lining up for launches and buying or selling consoles and video games. Now some of those people have made a fortune buying the company’s stock and encouraging their friends on Reddit to buy it too. GameStop’s stock has rocketed higher than ever expected, and all because activity between social media investors began pushing it up. Wall Street had bet heavily that the price would fall, leading the stock to swing wildly. Jaime Rogozinski, the apparent founder of the Reddit community at the heart of all this, told The Wall Street Journal it’s like “a train wreck happening in real time.” 

On Thursday alone, GameSpot’s stock hit all-time highs of $492.02 per share, only to drop by more than half a minute later. On Friday afternoon, it jumped up to $324.

GameStop itself hasn’t fundamentally changed much in the past month, but its stock has shot up as much as 1,800% — that’s not a typo — since the beginning of the year. This dynamic’s led Wall Street investors who bet against the company’s future to lose billions of dollars, and the excitement is driving the hype even further.


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Over the past week, the financial world watched in shock as GameStop stock rose to unthinkable levels. Even Elon Musk tweeted about it, pointing his 43 million followers to a link of the Reddit community investing in GameStop, called r/WallStreetBets.

By the close of regular trading Wednesday afternoon, the stock was $347.51 per share, up from from historic lows of around $3.30 per share in the summer of 2019. And then in after-hours trading, it dropped by more than 37%, only to rise again. Thursday saw even more dramatic moves, with the stock jumping up to $492.02 before dropping nearly 60% to close at $197.44. Then, in after-hours trading, it rose back up to $311.99.

Meanwhile, stock market trading app Robinhood appeared to stop GameStop purchasing for part of the day, while other companies imposed rules to limit some trades as well. 

Read more: GameStop’s stock spike fueled by slang from Reddit’s WallStreetBets community. Here’s what it means

“We’re seeing a phenomenon that I have never seen,” Jim Cramer, a Wall Street commentator on CNBC and a former hedge fund manager, said during a segment Monday. And GameStop could be just the start. “It’s insane.”

This may seem like an oddball story about Wall Street investors being overrun by excited social media users. For some, it’s been fun to watch those investors get taken to the cleaners by a bunch of people posting rocket emojis, saying GameStop shares will go “to the moon.”

Reddit users are betting they can take GameStop shares “to the moon.”


Getty Images

But for some on Wall Street, it’s the latest sign of how social media can upend everyday life. Twitter has changed the worlds of news and politics. YouTube and Instagram have transformed the fashion, beauty and entertainment industries. Now Reddit is taking on Wall Street.

These worlds have overlapped as well. Fans of Korean pop groups, known as K-pop stans, post floods of tweets about their favorite stars to overwhelm racist hashtags on Twitter. And TikTokers banded together in attempts to confuse President Donald Trump’s reelection campaign.

Now emboldened Reddit communities are talking about taking on other companies that Wall Street is broadly betting against. The Reddit crowd is already attempting to push up BlackBerry, the once-popular handset maker that now focuses primarily on selling business software. And Redditors are also targeting the struggling movie chain AMC, pushing its stock from hovering around $2 per share to more than $8 in after-hours trading. By Wednesday afternoon it closed at $19.90 per share before dropping to $12.75. On Thursday, it fell even further, to $8.63 per share.

The Reddit community’s actions have had such an impact that TD Ameritrade took the extraordinary step earlier this week to limit share trading on Game Stop and AMC stocks, “out of an abundance of caution amid unprecedented market conditions.” Nasdaq as well warned that it will halt trading on stocks it thinks are being manipulated by social media.

Meantime, traffic to the Reddit community at the center of the drama, WallStreetBets, is breaking records. WallStreetBets counted 73 million page views for its discussion boards on Tuesday, according to a report by Mashable. Over the past week, it hit about 700 million page views. Reddit is already the 46th most popular site on the web, notching more than 78 million unique visitors in December, according to comScore. And on Wednesday, the Reddit’s mobile app tallied its biggest single day of downloads, industry watcher Apptopia said.

But when the memes stop and the excitement goes away, GameStop will go back to being that struggling video game retailer at a time when gaming is increasingly moving toward streaming and the idea of stepping into a physical store is still a nerve-wracking prospect during a pandemic. At that point, stock analysts say, whoever’s left holding shares will see their value evaporate.

“This is unnatural, insane and dangerous,” Michael Burry, a prominent GameStop investor and one of the subjects of the book and movie The Big Short, wrote in a now-deleted tweet. His roughly $17 million investment in the company has ballooned to $250 million as of Tuesday, Markets Insider reported.

Many gamers spent their childhoods going to GameStop.


Patrick T. Fallon/Bloomberg/Getty Images

Who listens?

Michael Pachter, a longtime video game industry analyst at Wedbush Securities, said earlier this week he hasn’t even bothered to update his stock price expectations for GameStop since shares started going crazy last week. “Who’s listening?” he said. “Nobody cares what a sell-side analyst says right now.”

To him, there are reasonable explanations why people could be somewhat excited about GameStop. One of its newest board members, Ryan Cohen, helped turn Chewy into one of the largest online pet product sellers in the world, before selling it to PetSmart. GameStop’s also on a track to being profitable again.

But that doesn’t come close to explaining GameStop’s share price now. “It’s a Ponzi scheme,” Pachter said, referring to a form of fraud that appears to make money but in fact is only propped up by funding from new investors. “There is a point where it’ll go down.”

He suspects that may happen after the company reports its quarterly results in March, at which point executives and investors on the board are allowed to sell their shares.

One thing analysts watching wonder is whether the Reddit investors will lose their millions whenever the stock eventually crashes back to earth. Rogozinski, the man who helped found the Reddit community, said their approach to investing as more like gambling than traditional analysis and strategy. Its members, who the community identifies as “degenerates,” often encourage one another to push all their funds into one stock, riding it up and down. Their posts are punctuated with phrases like “hold the line” and “diamond hands” (hold onto your stocks for a long time) and YOLO (you only live once).

He told the WSJ he never imagined the Reddit community would morph from its beginnings to what it’s become. “It’s a little like watching one of those horror films where you can see the bad guy slowly going up the stairs,” Rogozinski said.

In the meantime, the social media hype is continuing on Reddit, where users are declaring their intention to buy and hold more GameStop shares, all to send prices even higher.

“My mom told me it’s time to sell,” one Reddit user wrote on a post about GameStop’s stock moves. “Should I find a new mom?”

“Yes,” another user answered. “The answer is yes.”

Read more: Why GameStop, BlackBerry stocks suddenly jumped, thanks to Reddit



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Reddit’s GameStop stock battle with Wall Street is turning into a war

GameStop’s and AMC’s stocks have spiked in recent days. Here’s what’s going on.


Sarah Tew/CNET

Wall Street investors have been betting that struggling video game retailer GameStop would fail for a long time. But over the past few months, a bunch of Reddit users have been pushing up the value of GameStop shares instead. At first, it was because they believed the company was better off than the Wall Street doubters believed. But as GameStop value has soared, Wall Street’s bad bets have cost the investors billions of dollars. 

Now, the Reddit users are in it to win an epic battle against Wall Street too.

At one point, the Reddit users from the forum r/WallStreetBets have sent the stock up more than 14,300% (you read that right), though it’s gone through wild fluctuations. They’ve spread their strategy to struggling movie chain AMC, too. In their wake, these online market players have upended Wall Street, creating a drama filled with memes, app trading disasters and weird internet lingo as big-time investors have lost billions of dollars.

It’s a crazy story, complete with cameos by Tesla CEO Elon Musk and CNBC financial commentator and former hedge fund manager Jim Cramer. There’s even Michael Burry, one of the subjects of the book and movie The Big Short, who happens to be a prominent investor in GameStop. 

Even Silicon Valley found a way to get in the middle of this mess. It’s wild.


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Despite the move being characterized as “insane” and a “Ponzi scheme,” GameStop’s stock has become the battleground of a war between Wall Street and internet traders, with nearly all of them expecting it to fail. The questions are when, and who will be on the losing end.

“We’re seeing a phenomenon that I have never seen,” Jim Cramer, a Wall Street commentator on CNBC and a former hedge fund manager, said during a segment Monday. And GameStop could be just the start. “It’s insane.”

It all started last week, when posters on the Reddit stock trading chat community r/WallStreetBets pushed up shares in the struggling game retailer. With much of Wall Street betting against GameStop’s success, WallStreetBets investors believed they could force a market rally by creating demand where there had been little before.

As a result, GameStop stock jumped more than 822%, from $17.25 per share at the beginning of the year to a high of $159.18 on Monday. Then it dropped by nearly half, only to rise back up to $147.98 on Tuesday. And then Musk tweeted about it to his 43 million followers (using that weird internet vocabulary, of course), and the price jumped 40% in after-hours trading. On Wednesday, it closed at $347.51 per share, before dropping again in after-hours trading.

On Thursday, it jumped even higher, to $483 per share, before halving again. Amid all the chaos, the New York Stock Exchange temporarily halted GameStop share trading more than a dozen times before midday Thursday. It ended the normal trading day down 44% to $193.60, only to jump back 

The Reddit community has also turned its eyes on BlackBerry, attempting to pull the same trick. So far, they’ve pushed shares up more than double from $6.58 per share, where they started at the beginning of the year. On Tuesday, the stock closed at $18.92. On Wednesday, it closed regular trading at $25.10, though it’s fallen since then to $14.65.

There’s also AMC. Reddit targeted that one, spawning the hashtag #SaveAMC on Twitter too. Its stock jumped from $2 per share last week to close trading at $19.90 on Wednesday. It too fell in after-hours trades, and after jumping on Thursday, fell again to close at $8.63.

App-based traders Robinhood, TD Ameritrade and WeBull responded to the fluctuations by restricting trades of GameStop, AMC and other fast-moving stocks on their services. 

Robinhood drew particular ire, leading US Reps. Rashida Tlaib and Alexandria Ocasio-Cortez, as well as Sen. Ted Cruz, to criticize its decision. At least one class action lawsuit has been filed already too.

It’s a lot to take in. So, here’s what you really need to know about GameStop, AMC and Wall Street.

How’d this happen?

GameStop is one of the largest video game retailers in the world, but it’s struggled to remain relevant in the age of online sales.

Effectively, the WallStreetBets crowd realized Wall Street made a huge mistake. People known as short sellers who were betting GameStop stock would fall had been too aggressive. 

The WallStreetBets crowd understood that if they could create artificial demand for GameStop shares with their own money, they could force Wall Street to recalibrate its bets, pushing prices even higher. And some investors who couldn’t even back up their bets against GameStop, would have to pay even more. 

As of Wednesday, there were 3.8 million members of the WallStreetBets community,  though it’s nearly impossible to determine how many people are involved in the GameStop, AMC and BlackBerry schemes.

What we do know is that all this activity appears to have created a “short squeeze,” where the short sellers betting against GameStop are being forced to buy more GameStop stock to cover their losses. That pushed the price up even more, which forces more short sellers to cover their losses, which pushes the price up even more. Some of the Reddit crowd believe that GameStop stock could reach into the thousands of dollars just because of this mechanism.

And that’s why we’re suddenly seeing GameStop’s value jump.

See also: GameStop’s stock spike fueled by slang from Reddit’s WallStreetBets community. Here’s what it means

How does this short selling work?

When people buy a stock normally, they’re betting it’ll rise or share enough profits that they’ll make more money than they put in.

Short sellers, or “shorts,” do the opposite. Shorts trade with borrowed shares and sell them, with hopes they can make money if the stock falls in the future.

Imagine Ian Corp. is a public company, and its shares are worth $10. A “short” would borrow shares of Ian Corp. and sell them for $10. Their bet is that Ian Corp. stock will actually drop below that — maybe to $4. If it does, then, they can buy the shares at $4 and pocket the other $6.

If Ian Corp. stock jumps to $25, then the lender who made this bet possible may push the short to cover their bet. That would mean the short effectively has to buy the shares at the new, higher price.

When a short is right, betting against a company, they can make a lot of money. But if they’re wrong, they can lose a lot more money too.

There are other options and tools to bet against a company’s future as well.

GameStop stock from Jan. 19 to Jan. 25.


Google Finance

How much money did the GameStop shorts lose?

The losses appear to be tremendous. As of Wednesday, shorts seemed to have lost $5 billion betting against GameStop this year, according to Investopedia. About $1.6 billion, or about half, of those losses happened on Friday when the stock jumped 51%.

It’s also worth noting that GameStop began the year as one of the most shorted companies on the market.

That seems like a lot of money

It is, but what’s perhaps an even bigger indication of how dramatic these moves were, GameStop share sales were halted during Monday’s trading because they were moving too fast.

See also: How to choose a credit card

These wild swings won’t continue forever, will they?

Part of what’s driven this behavior is the popularity of retail investing, or when traders who aren’t Wall Street professionals buy and sell stocks. Stock trading apps, often with no fees, have made it easy for people to jump into the market. And social media has helped people to rally together, egging one another on to buy more and more of a stock.

“GameStop’s rally is one in a series of eye-catching market moves to stir concerns among fund managers, some of whom say trading by individual investors is pushing stock prices out of whack with fundamentals,” the Wall Street Journal wrote Monday.

How’s Wall Street responding?

Big name trading apps like Robinhood, ETrade and others have reportedly struggled to remain online amid all the hysteria. TD Ameritrade on Wednesday acted to restrict the sudden spikes in demand, “out of an abundance of caution amid unprecedented market conditions.”

Robinhood has also come under particular scrutiny for appearing to severely restrict trades of some stocks while the market was wildly fluctuating Thursday. Politicians on both sides of the aisle in the US have called for an investigation into the app maker. Meanwhile, many angry Redditors say they’ll stop using Robinhood. Some have even threatened to join a class action lawsuit.

Nasdaq said it will halt trading on a stock if it finds a link to unusual activity on social media. The company said it sees its role as a “self-regulatory organization” is to make sure its markets act in a “legitimate” way. “Regulators kind of have to catch up with the technology that’s now available,” Nasdaq CEO Adena Friedman told CNBC on Wednesday. 

Throughout the past week, the markets have temporarily halted trades of GameStop and AMC stocks in particular because of the wide price swings and heavy volume.

What do the companies think of all this?

GameStop didn’t respond to a request for comment. BlackBerry executives told MarketWatch it was “not aware” of any reason for the recent trading activity. BlackBerry did reach a settlement with Facebook earlier this month over a patent fight, though the terms were not disclosed.

Why are the Redditors doing this?

There’s the seeming easy money aspect, which is compelling in and of itself if you’re that comfortable with risk. But some of them are also framing this as a crusade against Wall Street. “We’re in a war,” one Redditor posted Wednesday. “A war for the redistribution of wealth.”

You promised me Elon Musk, how’s he involved?

Aside from being a prolific Twitter user, Musk has also recently learned he can drive people to various companies’ stocks. He tweeted about how much he enjoyed buying something for his dog off Etsy, and the stock jumped. Now he’s tweeted about GameStop, stirring up more frenzy.

This sounds nuts

It is. And just watching it is enough to make your head spin. For example, on Wednesday evening, the popular chat app Discord banned the WallStreetBets community from its service for violating its rules against hate speech and glorification of violence. Apparently, some of the nastier elements of the community had repeatedly broken Discord’s rules.

Around the same time, the group in charge of the WallStreetBets Reddit community locked out anyone else who might be interested in joining, effectively making it all private.

That appeared to spook investors, who suddenly sent GameStop and AMC stock diving more than 30% each in after-hours trading.

A little over an hour later, the Reddit community was publicly available again, denizens had created a new Discord chat group, and GameStop and AMC stocks were recovering from their sudden slumps. If you’d put down your phone to watch a movie before it happened, you might never have noticed by the time it was done. 

Except you may have seen Elon Musk tweeted about how Discord wasn’t cool anymore.

OK, and what about The Big Short guy?

Michael Burry is an interesting subject himself. He became famous for betting against the housing market before the great recession kicked in around 2007 and 2008. He’d invested in GameStop, but also said he believed all this behavior was “unnatural, insane and dangerous.”

Of course, some of the Reddit members say they see this battle over GameStop as their Michael Burry moment, making it all that much more interesting.

Should I try to get in on the frenzy?

It’s always smart to consult a financial professional before making investing decisions.

Correction Jan. 25 at 5:52 p.m. PT: Fixed the explanation of short selling to make clear how the process works and that there are different ways to bet against a company’s stock price rising.

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Battle for the GOP’s future: A tale of two congresswomen

Liz Cheney, under attack by many of her Republican colleagues, could lose her leadership post.

The Wyoming congresswoman knew she was defying the base of her party by voting for President Trump’s impeachment, and she is fighting back.

Now comes a very different kind of battle in the House. Marjorie Taylor Greene, the newly elected Georgia congresswoman, is facing an intense backlash for incendiary Facebook posts before she entered politics.

As first reported by CNN, Greene, an adherent of Q’Anon, liked a comment that said the fastest way to remove Nancy Pelosi was with a “bullet to the head.” Greene also agreed that FBI agents should be executed as part of the “Deep State.”

What’s more, when Greene wrote about Barack Obama, Hillary Clinton and the Iran nuclear deal, a commenter said: “Now do we get to hang them?? Meaning H & O???” Greene replied: “Stage is being set. Players are being put in place. We must be patient.”

The reaction of the leadership? House Minority Leader Kevin McCarthy said he’d have a talk with Greene.

In fairness, McCarthy also opposes ousting Cheney from her No. 3 leadership position. He’s a guy trying to hold together a fractured caucus. But he expressed unhappiness that Cheney hadn’t confided her impeachment position in advance.

For her part, Greene released a statement: 

“Over the years, I’ve had teams of people manage my pages. Many posts have been liked. Many posts have been shared. Some did not represent my views. Especially the ones that CNN is about to spread across the Internet.”

WHY THE TRUMP IMPEACHMENT FIZZLED AND ACQUITTAL IS NOW A FORGONE CONCLUSION

No expression of horror, no denunciation of the death threats. Just that some of what was posted in her name may have been written by others.

Pelosi, naturally, was harshly critical. “What I’m concerned about is the Republican leadership in the House of Representatives, who is willing to overlook, ignore those statements,” she told reporters yesterday.

In a fundamental way, the two women represent opposite wings of the GOP in the post-Trump era.

As the former vice president’s daughter, Cheney has long been at odds with Trump, who ran against the Bush administration’s foreign policy. But it took the Jan. 6 riot at the Capitol for the congresswoman to make such a clean break.

Anti-Cheney Republicans claim they have commitments from 115 of their 211 members to boot her from the leadership, though they haven’t released a list. For them, voting to oust Trump is an unforgivable offense that should be punished. And their argument–that Cheney is out of step with the caucus–may be true, given Trump’s hold on the party.

Yet the party seems in no rush to penalize Greene. A Democratic member, Jimmy Gomez, has called for her to be expelled from the House. Greene condemned the Capitol violence and, without evidence, blamed “Antifa/BLM terrorism,” and slammed what she called their “accomplices”: Vice President Harris, Ilhan Omar and Alexandria Ocasio-Cortez.

The Georgia lawmaker is embroiled in other controversies. CNN unearthed video from last year showing Greene following Parkland High School shooting survivor David Hogg as he walked to the Capitol to lobby for gun control. She is seen asking him a series of questions and then saying “he’s a coward.”

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Earlier this week, Greene had a sheriff’s deputy eject a local news crew from a town hall after a reporter tried to ask a question, even though the media had been invited and the station had credentials for the event.

So far, at least, I haven’t seen any conservatives on the air defending Greene as she is denounced by liberal commentators. The Republican Party is in a fierce fight for the future as its two factions vie for supremacy in the wake of the Trump years. The treatment of Cheney and Greene will go a long way toward resolving that question. 

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