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zeynep's profile
zeynep tufekci
zeynep tufekci
zeynep tufekci
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@zeynep

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zeynep tufekciVerified account

@zeynep

Complex systems, wicked problems. Society, technology, science and more. @UNC professor. @NYTimes columnist. My newsletter is @insight: http://www.theinsight.org 

floating in a most peculiar way
theinsight.org
Joined August 2009

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    zeynep tufekci‏Verified account @zeynep 17 Feb 2021

    I wrote about the Gamestop/Robinhood episode. Can we please, please, PLEASE stop separating the digital tools/internet from social and political dynamics in our analyses? Yes, tech platforms matter, yes, their business models matter, yes the rest matters. https://www.theatlantic.com/technology/archive/2021/02/gamestop-mess-shows-internet-rigged-too/618040/ …pic.twitter.com/3kjdStnBMB

    6:53 AM - 17 Feb 2021
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    • Ben Hughes David Lafferty basacok Prabhakar Krishnamur akin Berit Dencker dinkydow Charlie 🇺🇸 anllita
    7 replies 69 retweets 275 likes
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      2. zeynep tufekci‏Verified account @zeynep 17 Feb 2021

        And it's the 10th anniversary of the Arab Spring and its aftermath. I can't believe we're still doing the "oh look David vs Goliath fight via Reddit" "oh look the underdog got fleeced" "oh look Reddit has an ad celebrating the underdog" cycle. Time for real, integrative analyses.

        3 replies 10 retweets 63 likes
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      1. New conversation
      2. skybrian‏ @skybrian 17 Feb 2021
        Replying to @zeynep

        I’m no expert, but based on reading Matt Levine, it seems like your article missed important parts of the story? RobinHood temporarily ran out of money because trades take two days to settle and money is tied up for that time. It’s like a website going down due to lack of memory.

        1 reply 0 retweets 3 likes
      3. skybrian‏ @skybrian 17 Feb 2021
        Replying to @skybrian @zeynep

        Also, why do short squeezes still happen? Any company could fix it by having shares for sale at a high enough price. Could be required. These are just mechanical issues that could be fixed with a bit of preparation.

        1 reply 0 retweets 0 likes
      4. End of conversation
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      2. Guitars, Cadillacs, Etc.‏ @JrWannamaker 17 Feb 2021
        Replying to @zeynep

        This is wrong. The "little guy" lost to the extent that he bought a wildly overvalued stock that was definitely going to crash. I started buying index funds in the 90's and have done quite well despite being a random nobody.

        1 reply 0 retweets 3 likes
      3. zeynep tufekci‏Verified account @zeynep 17 Feb 2021
        Replying to @JrWannamaker

        I'm glad you did "well" but I'm kind of sure that you did not get paid millions of dollars *to be fired* for bankrupting companies, and leading them through many disasters.

        1 reply 0 retweets 0 likes
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