Skip to content
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(C|Net)   In what is surely not a sign of a market top, the founder of Barstool Sports has launched BUZZ, an ETF that adjusts its holdings based on Twitter and Reddit posts that are sending stonks to insanity and beyond   (cnet.com) divider line
    More: Amusing, Stock, Exchange-traded fund, New York Stock Exchange, Artificial intelligence, daily stock trades, Stock market, Barstool Sports founder Dave Portnoy, Twitter  
•       •       •

274 clicks; posted to Business » on 04 Mar 2021 at 5:55 PM (38 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



6 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-03-04 6:18:34 PM  
Once money is seeking return *this* badly, something always gives
 
2021-03-04 7:19:37 PM  
"Investors looking to use BUZZ to profit from the online traders' rapid-fire moves are likely out of luck. The ETF's underlying index of online chatter measures conversation on stocks over a 12-month period, therefore leaving out whatever may be the next GameStop or AMC. Companies must also have a market capitalization of at least $5 billion to be included in the 75-stock ETF."

So it includes bigger companies that have already  appreciated? Sounds like a foolproof plan.
 
2021-03-04 7:59:51 PM  
Wall Street already does this.  Only watching more vetted media sources than reddit posts.
 
2021-03-04 8:33:22 PM  

Generation_D: Wall Street already does this.  Only watching more vetted media sources than reddit posts.


And they generate 1% returns instead of 10 or 100, and why they are now tripping over themselves to use Twitter and Reddit as alternate data streams.
 
2021-03-04 8:36:56 PM  
Also, looked up some SEC reports and found that the business is registered at 666 Third Avenue... 🤔
 
2021-03-04 10:18:05 PM  

Stibium: Generation_D: Wall Street already does this.  Only watching more vetted media sources than reddit posts.

And they generate 1% returns instead of 10 or 100, and why they are now tripping over themselves to use Twitter and Reddit as alternate data streams.


They really don't.
 
Displayed 6 of 6 comments

View Voting Results: Smartest and Funniest

This thread is archived, and closed to new comments.

Continue Farking




On Twitter


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.