An explanation of the GameStop stock story for people who are wondering what it's all about

I'm not proud to admit this, but I know virtually nothing about the stock market. I mean, I know what it is and on a very, very basic level know how it works. Kinda. Maybe. I don't even know.

That's a problem when some huge news about the stock market comes along. While clearly a big deal, this news about GameStop stock skyrocketing because a bunch of Reddit users did something and a bunch of billionaire hedge funders got screwed over by it has been a little lost of me.

I'm sure I'm not alone in this. In fact, I know I'm not, based on the virality of this "normal person" explainer video shared on Twitter. Prior to two days ago, this is pretty much exactly how I would have explained what's going on:

There are a whole lot of us who don't understand the stock market and usually don't care that we don't understand it. Then a big, important David and Goliath story like this comes along, making it clear we should know more than we do.


Part of the problem is that there's so much "inside baseball" terminology to wade through when you dive in. I graduated from college with honors, for the love, but every time I try to read a news story about this GameStop thing, I have to stop every other sentence to look up words that financial writers assume we all know and understand. (I still don't even get what a hedge fund is, much less how short selling would affect one. And WTF is a "position" in a stock market context? Zero idea.)

What I need is someone to translate all that finance-speak into layman's terms, super simply, like I'm in kindergarten. I don't need all the nitty-gritty details of exactly how it all works, I just need enough so that I "get it." I read a bunch of posts and explainer articles, some more helpful than others, but nothing has synopsized it all quite as concisely and clearly as this 3-minute video shared by Now This. Enjoy:

Okay, so I still don't know exactly what a position is, but I get the gist.

Not only does this story explain a bit about how the game of Wall Street is played, but it also helps explain how the filthy rich have managed to get filthy richer during a pandemic when millions are struggling. On one level, businesses struggling is actually good for investors as they can take advantage of the falling prices.

Pretty gross to purposefully profit off of pandemic fallout, if you ask me. But what do I know? Like I said, not much. I will say, this whole thing is a good incentive to learn more about how that part of the U.S. economic system works. Knowing that it's actually not untouchable, that it's not just elite economic geniuses who know what they're doing, that there are ways for the average person to influence wealth distribution is intriguing to say the least. And anything that makes predatory billionaires shake in their boots is good fun.

We could all benefit from greater financial literacy, especially when it's clear that the rules of the game are in flux. We'll see how it all shakes out in the end, but it seems that these Redditors may prove that David has a chance against Goliath after all.

True

We're redefining what normal means in these uncertain times, and although this is different for all of us, love continues to transform us for the better.

Love is what united Marie-Claire and David Archbold, who met while taking a photography class. "We went into the darkroom to see what developed," they joke—and after a decade of marriage, they know firsthand the deep commitment and connection romantic love requires.

All photos courtesy of Marie-Claire and David Archbold

However, their relationship became even sweeter when they adopted James: a little boy with a huge heart.

In the United States alone, there are roughly 122,000 children awaiting adoption according to the latest report from the U.S Department of Health and Human Services. While the goal is always for a child to be parented by and stay with their biological family, that is not always a possibility. This is where adoption offers hope—not only does it create new families, it gives birth parents an avenue through which to see their child flourish when they are not able to parent. For the right families, it's a beautiful thing.

The Archbolds knew early on that adoption was an option for them. David has three daughters from a previous marriage, but knowing their family was not yet complete, the couple embarked on a two-year journey to find their match. When the adoption agency called and told them about James, they were elated. From the moment they met him, the Archbolds knew he was meant to be part of their family. David locked eyes with the brown-eyed baby and they stared at each other in quiet wonder for such a long time that the whole room fell silent. "He still looks at me like that," said David.

The connection was mutual and instantaneous—love at first sight. The Archbolds knew that James was meant to be a part of their family. However, they faced significant challenges requiring an even deeper level of commitment due to James' medical condition.

James was born with congenital hyperinsulinism, a rare condition that causes his body to overproduce insulin, and within 2 months of his birth, he had to have surgery to remove 90% of his pancreas. There was a steep learning curve for the Archbolds, but they were already in love, and knew they were committed to the ongoing care that'd be required of bringing James into their lives. After lots of research and encouragement from James' medical team, they finally brought their son home.

Today, three-year-old James is thriving, filled with infectious joy that bubbles over and touches every person who comes in contact with him. "Part of love is when people recognize that they need to be with each other," said his adoptive grandfather. And because the Archbolds opted for an open adoption, there are even more people to love and support James as he grows.

This sweet story is brought to you by Sumo Citrus®. This oversized mandarin is celebrated for its incredible taste and distinct looks. Sumo Citrus is super-sweet, enormous, easy-to-peel, seedless, and juicy without the mess. Fans of the fruit are obsessive, stocking up from January to April when Sumo Citrus is in stores. To learn more, visit sumocitrus.com and @sumocitrus.

Terence Power / TikTok

A video of a busker in Dublin, Ireland singing "You've Got a Friend in Me" to a young boy with autism is going viral because it's just so darn adorable. The video was filmed over a year ago by Terence Power, the co-host of the popular "Talking Bollox Podcast."

It was filmed before face masks were required, so you can see the boy's beautiful reaction to the song.

Power uploaded it to TikTok because he had just joined the platform and had no idea the number of lives it would touch. "The support on it is unbelievable. I posted it on my Instagram a while back and on Facebook and the support then was amazing," he told Dublin Live.

"But I recently made TikTok and said I'd share it on that and I'm so glad I did now!" he continued.

Keep Reading Show less
True

We're redefining what normal means in these uncertain times, and although this is different for all of us, love continues to transform us for the better.

Love is what united Marie-Claire and David Archbold, who met while taking a photography class. "We went into the darkroom to see what developed," they joke—and after a decade of marriage, they know firsthand the deep commitment and connection romantic love requires.

All photos courtesy of Marie-Claire and David Archbold

However, their relationship became even sweeter when they adopted James: a little boy with a huge heart.

In the United States alone, there are roughly 122,000 children awaiting adoption according to the latest report from the U.S Department of Health and Human Services. While the goal is always for a child to be parented by and stay with their biological family, that is not always a possibility. This is where adoption offers hope—not only does it create new families, it gives birth parents an avenue through which to see their child flourish when they are not able to parent. For the right families, it's a beautiful thing.

The Archbolds knew early on that adoption was an option for them. David has three daughters from a previous marriage, but knowing their family was not yet complete, the couple embarked on a two-year journey to find their match. When the adoption agency called and told them about James, they were elated. From the moment they met him, the Archbolds knew he was meant to be part of their family. David locked eyes with the brown-eyed baby and they stared at each other in quiet wonder for such a long time that the whole room fell silent. "He still looks at me like that," said David.

The connection was mutual and instantaneous—love at first sight. The Archbolds knew that James was meant to be a part of their family. However, they faced significant challenges requiring an even deeper level of commitment due to James' medical condition.

James was born with congenital hyperinsulinism, a rare condition that causes his body to overproduce insulin, and within 2 months of his birth, he had to have surgery to remove 90% of his pancreas. There was a steep learning curve for the Archbolds, but they were already in love, and knew they were committed to the ongoing care that'd be required of bringing James into their lives. After lots of research and encouragement from James' medical team, they finally brought their son home.

Today, three-year-old James is thriving, filled with infectious joy that bubbles over and touches every person who comes in contact with him. "Part of love is when people recognize that they need to be with each other," said his adoptive grandfather. And because the Archbolds opted for an open adoption, there are even more people to love and support James as he grows.

This sweet story is brought to you by Sumo Citrus®. This oversized mandarin is celebrated for its incredible taste and distinct looks. Sumo Citrus is super-sweet, enormous, easy-to-peel, seedless, and juicy without the mess. Fans of the fruit are obsessive, stocking up from January to April when Sumo Citrus is in stores. To learn more, visit sumocitrus.com and @sumocitrus.

A teacher's message has gone viral after he let his student sleep in class — for the kindest reason.

Teachers spend time preparing lesson plans and trying to engage students in learning. The least a kid can do is stay awake in class, right?

But high school English teacher Monte Syrie sees things differently. In a Twitter thread, he explained why he didn't take it personally when his student Meg fell asleep — and why he didn't wake her up.

Keep Reading Show less
via Ken Lund / Flickr

The dark mountains that overlook Provo, Utah were illuminated by a beautiful rainbow-colored "Y" on Thursday night just before 8 pm. The 380-foot-tall "Y" overlooks the campus of Brigham Young University, a private college owned by the Utah-based Church of Jesus Christ of Latter-day Saints (LDS Church), commonly known as Mormons.

The display was planned by a group of around 40 LGBT students to mark the one-year anniversary of the university sending out a letter clarifying its stance on homosexual behavior.

"One change to the Honor Code language that has raised questions was the removal of a section on 'Homosexual Behavior.' The moral standards of the Church did not change with the recent release of the General Handbook or the updated Honor Code, " the school's statement read.

Keep Reading Show less