WallStreetsBets Is Getting To Billionaires Like Leon Cooperman

https://www.ccn.com/wallstreetsbets-leon-cooperman/

  • Stocks like Gamestop and AMC have soared in recent days due to a unified effort from retail investors from places like Reddit and 4chan.
  • Billion-dollar hedge funds that shorted these stocks are hemorrhaging money.
  • Wealth manager Leon Cooperman appeared on CNBC to give his take, and he was not happy, proving that these financial anarchists are getting to him.

Reddit’s WallStreetBets appears to be stressing out billionaire Leon Cooperman.

And it should be.

The Omega Family Office CEO has been raking in money by the truckload since he founded his hedge fund in 1991. And he hasn’t always done it with integrity.

His appearance on CNBC today is rife with hypocrisy, and it seems Leon Cooperman does not like the taste of his own medicine.

Leon Cooperman Has a Mini-Meltdown On CNBC

Leon Cooperman is going viral. And it’s mainly because of his unforgettable sound bytes from his recent CNBC appearance.

Some of his highlights include calling “fair share” a “bulls%$t concept.”

He said it’s “a way of attacking wealthy people.” Cooperman said the recent surges in stocks like Gamestop and AMC are “inappropriate” before claiming we all need to work together.

Check out the highlights below:

And to be fair, many wealthy men like him are definitely feeling the squeeze.

According to The Wall Street Journal, a handful of major hedge funds are reeling. D1 Capital Partners is down roughly 20% for the year. Point72 Asset Management is down about 10%.

But other firms have been hit even harder.

According to sources from The WSJ, Maplelane, which kicked off 2021 with about $3.5 billion, is down nearly a whopping 45%.

Many of these firms were short stocks like Gamestop (GME) and AMC, and they were definitely feeling the squeeze. The ethics and the delivery of this market action are up for debate, but let’s not start feeling sorry for people like Leon Cooperman.

Reddit & WallStreetBets Were Targeting People Like Cooperman

The stock surges delivered by users from Reddit’s WallStreetBets, Discord, 4chan, and other social media platforms has been nothing if not effective. It’s unclear if the main motivation was to put power back in the hands of the people or to play a twisted joke on the rich. It’s likely a combination of both.

But these market disrupters definitely had people like Leon Cooperman in mind when they started the chaos.

Cooperman has been a poster child for the ‘greedy, unlikable rich guy’ archetype for years.

Bernie Sanders even featured him in a video mocking whiny billionaires:

As you already know, Leon Cooperman was not a fan of people getting their ‘fair share.’ In fact, he might not even be a fan of getting his own share in a fair way.

In 2017, the SEC lobbied insider trading charges against him. And he handled it in the most ‘billionaire’ way possible. Cooperman paid the SEC $5 million and never admitted guilt.

And let’s be clear, these retail investors don’t necessarily despise billionaires. Some of them are cheering on this revolution. Mark Cuban, who predicted action like this back in August, said this movement is “giving the little guy an edge.”

Mark Cuban Mark Cuban
Mark Cuban is cheering on the stock market. | Source: Twitter

Elon Musk has been cheering on this rally all along:

Elon MuskElon Musk
Redditors have no problem with Elon Musk. | Source: Twitter

In fact, Cuban himself went on CNBC to go further in-depth about why he thinks this is all fair game:

There are many hedge funds that have made a lot of money over the years targeting heavily shorted stocks. And so, I don’t think this is anything different, it’s just the people who are making the push aren’t who we expect them to be. And so that’s why I like it…It’s a good thing.

Although it clearly isn’t a good thing for Leon Cooperman.

Disclaimer: The opinions expressed in this article do not necessarily reflect the views of CCN.com.

Meghan Markle & Prince Harry – Does Anyone Really Care Anymore?

https://www.ccn.com/meghan-markle-and-prince-harry-does-anyone-care/

  • The Sussexes saw their popularity take a nosedive recently, but they were always thought to be relevant. Love them or hate them; they have your interest.
  • Or do they? It seems that fewer and fewer people are caring about them.
  • Where does that leave Prince Harry and Meghan Markle? At the mercy of Netflix, where they’ll be likely be given some pretty uncomfortable decisions to make.

Despite chatter about privacy and talk of nightmares about flashing camera bulbs, we all know that Meghan Markle and Prince Harry walked away from their royal duties for two things:

Money and fame.

Due to the couple’s popularity as royals, they believed they could break away and see their popularity translate into dollars, allowing them to live a life of luxury in California.

While they’re certainly never going to be caught short for a few bucks, it hasn’t worked out quite as they’d hoped. So far, anyway.

Meghan Markle is now one of the least popular royals. | Source: Twitter

Meghan Markle and Prince Harry have seen their popularity dip

It’s been well documented that since leaving their royal life behind, both Meghan and Harry have seen their popularity take a considerable dip.

In October, a YouGov poll documented the Sussexes fall from grace, with Prince Harry suffering a 19 point drop, while Meghan Markle saw an astounding 18 point drop in the same timeframe.

Prince Harry and Meghan Markle aren’t as popular since leaving the royal fold. | Source: YouGov.co.uk

Of course, we’ve seen fans of both Meghan and Harry claim that the drop in popularity is associated with factors such as racism, xenophobia, and misogyny (although quite how any of those elements plays into Prince Harry’s popularity dipping is another matter) and that while they may be unpopular, they’re still relevant, which is key to the success of their brand.

After all, it doesn’t matter if you love them or hate them. So long as you’re paying attention, right?

Well, it seems the tide is also turning on that front.

The Queen still reigns supreme as most popular royal. | Source: Twitter

Is the mainstream celebrity world losing interest in Harry and Meghan?

While the Sussexes may have been losing the popularity battle with the British public, they were still considered relevant by most.

But is this still the case?

Speaking to the Royally Obsessed podcast, royal commentator Ingrid Seward, who is the Editor in Chief of Majesty magazine, commented:

We stopped having Harry and Meghan on the cover a while ago. It just wasn’t selling. The magazine wasn’t selling when they were on the cover. “HELLO! magazine actually told me the same thing. Obviously, there are some beautiful pictures of them.

Before we see Sussex Squad zealots lose their minds and start claiming that these royal magazines and news outlets are dropping the Hollywood Royals from their covers out of dislike for Meghan Markle, it’s worth noting that Ingrid absolutely wants to cover Meghan and Harry.

She continued:

I would like to have them on the cover, but it just doesn’t seem to work. I find that weird and interesting.

A theory I have, which has been hammered by Meghan Markle and Prince Harry’s fans, is that the couple became so popular because they were royals.

The mistake they’ve made is in believing their own hype. They assumed that the high levels of interest and popularity were based entirely on them as people, which sadly seems not to be the case.

[youtube https://www.youtube.com/watch?v=7XjrOWJRm7s?feature=oembed&w=800&h=450]

So what next for Meghan Markle and Prince Harry?

The future is all kinds of uncertain for the couple, with even the Netflix deal not guaranteed to deliver the hundreds of millions of dollars many fans believe.

I’m no Netflix expert, but I don’t think it works that way. The streaming giant isn’t just handing Prince Harry and Meghan Markle a check for hundreds of millions of dollars regardless of the success of the content they provide.

I believe that they could potentially earn that kind of money if the Netflix content they deliver is a roaring success.

But what’re the chances that it will be? Talk of educational and inspirational programming sounds great, but having heard what Netflix is expecting from them, I don’t think that kind of content will get the job done.

I believe Netflix signed this deal because they want access to Prince Harry and the royal angle he can lend to projects.

Don’t be surprised if we see him in front of the camera on a Princess Diana documentary, which will anger his brother and father, no doubt.

And that trashy reality type show that was beneath them a month or so ago? Yeah, I wouldn’t bet against that proposition becoming appealing to them real quick if this nosedive in popularity and relevance continues into next year.

Disclaimer: The opinions expressed in this article do not necessarily reflect the views of CCN.com.

Eva Longoria Proves Its Time to Separate Politics & Entertainment

https://www.ccn.com/eva-longoria-is-getting-dragged/

  • For some reason, MSNBC interviewed Eva Longoria about the 2020 Presidential Election.
  • In the interview, the former “Desperate Housewives” star claimed that Latina women were the “true” heroes of the election, despite all evidence to the contrary.
  • Twitter pounced on her with ferocity, and I’m here for it.

I have no idea why Ari Melber of MSNBC decided that Eva Longoria — an actress best known for her work on the long-canceled “Desperate Housewives” — was the person that needed to be consulted about President-elect Joe Biden’s win.

But regardless of Melber’s logic, the interview delivered a moment in which the actress was bound to get dragged by her over-processed roots.

With one sentence, she managed to erase the impact that Black women had on the presidential election.

That level of verbal gymnastics is, if nothing else, impressive — albeit for all the wrong reasons.

Naturally, the resultant level of dragging — the blood, filth, bone, and slander — forced her to backtrack in a weak-sauce apology.

But I’m here for every last ounce of it.

That Moment When Eva Longoria Stepped In It, Big Time

Just look at how Eva Longoria credits Latina women for putting President-elect Joe Biden in the video below.

TwitterTwitter

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I’m sorry, but where did she get her information?

According to the Americas-Society Council of the Americas (AS/COA), which dedicates its studies to the Hispanic diaspora in the United States, the Caribbean, and Canada, more Latinos — not less — voted for Trump in 2020 than they did in 2016. This is mostly due to the overwhelming Cuban-American support that Trump received.

While it’s true that more Latina women than Latino men voted for Biden, these figures are in stark contrast to the Black vote, which went overwhelmingly in favor of Biden, and which helped deliver the necessary electoral votes to the President-elect in key states.

Indeed, it’s almost universally accepted that Black women, led by such activists as Stacey Abrams — not Latina women, delivered the election to Joe Biden.

So, where does Eva Longoria get her information?

Social Media Pounced

It took almost no time for social media — specifically, Twitter — to jump on Eva Longoria and set the record straight. Many people compared Longoria to Dascha Polanco and Gina Rodriguez, two Latina women who made very prominent racist and anti-Black statements in the past.

Eva LongoriaEva Longoria
Why ARE we looking to Eva Longoria for a political take, anyway? | Source: Twitter
Eva LongoriaEva Longoria
Black women, and their role in the 2020 presidential election, should NEVER be erased. | Source: Twitter
Eva LongoriaEva Longoria
Afro-Latinx people are frequently being erased. It’s time to stop doing that, too. | Source: Twitter

And while Eva Longoria subsequently issued a well-scripted apology, it’s far too little and far too late.

As an entertainment writer, I often marvel at how seamlessly the worlds of entertainment and politics collide. It’s a testament to how ingrained pop culture is in our society. However, it’s also time to draw a clear line in the sand. After four years of having a game show host in the White House — and after a ridiculous presidential run by a once-talented rapper — it’s high time we stop thinking that entertainers can run the country.

And until celebrities like Eva Longoria get their anti-Blackness in check, it’s time to stop giving a platform.

Disclaimer: The opinions expressed in this article do not necessarily reflect the views of CCN.com.

Meghan Markle & Prince Harry – Does Anyone Really Care Anymore?

https://www.ccn.com/meghan-markle-and-prince-harry-does-anyone-care/

  • The Sussexes saw their popularity take a nosedive recently, but they were always thought to be relevant. Love them or hate them; they have your interest.
  • Or do they? It seems that fewer and fewer people are caring about them.
  • Where does that leave Prince Harry and Meghan Markle? At the mercy of Netflix, where they’ll be likely be given some pretty uncomfortable decisions to make.

Despite chatter about privacy and talk of nightmares about flashing camera bulbs, we all know that Meghan Markle and Prince Harry walked away from their royal duties for two things:

Money and fame.

Due to the couple’s popularity as royals, they believed they could break away and see their popularity translate into dollars, allowing them to live a life of luxury in California.

While they’re certainly never going to be caught short for a few bucks, it hasn’t worked out quite as they’d hoped. So far, anyway.

Meghan Markle is now one of the least popular royals. | Source: Twitter

Meghan Markle and Prince Harry have seen their popularity dip

It’s been well documented that since leaving their royal life behind, both Meghan and Harry have seen their popularity take a considerable dip.

In October, a YouGov poll documented the Sussexes fall from grace, with Prince Harry suffering a 19 point drop, while Meghan Markle saw an astounding 18 point drop in the same timeframe.

Prince Harry and Meghan Markle aren’t as popular since leaving the royal fold. | Source: YouGov.co.uk

Of course, we’ve seen fans of both Meghan and Harry claim that the drop in popularity is associated with factors such as racism, xenophobia, and misogyny (although quite how any of those elements plays into Prince Harry’s popularity dipping is another matter) and that while they may be unpopular, they’re still relevant, which is key to the success of their brand.

After all, it doesn’t matter if you love them or hate them. So long as you’re paying attention, right?

Well, it seems the tide is also turning on that front.

The Queen still reigns supreme as most popular royal. | Source: Twitter

Is the mainstream celebrity world losing interest in Harry and Meghan?

While the Sussexes may have been losing the popularity battle with the British public, they were still considered relevant by most.

But is this still the case?

Speaking to the Royally Obsessed podcast, royal commentator Ingrid Seward, who is the Editor in Chief of Majesty magazine, commented:

We stopped having Harry and Meghan on the cover a while ago. It just wasn’t selling. The magazine wasn’t selling when they were on the cover. “HELLO! magazine actually told me the same thing. Obviously, there are some beautiful pictures of them.

Before we see Sussex Squad zealots lose their minds and start claiming that these royal magazines and news outlets are dropping the Hollywood Royals from their covers out of dislike for Meghan Markle, it’s worth noting that Ingrid absolutely wants to cover Meghan and Harry.

She continued:

I would like to have them on the cover, but it just doesn’t seem to work. I find that weird and interesting.

A theory I have, which has been hammered by Meghan Markle and Prince Harry’s fans, is that the couple became so popular because they were royals.

The mistake they’ve made is in believing their own hype. They assumed that the high levels of interest and popularity were based entirely on them as people, which sadly seems not to be the case.

[youtube https://www.youtube.com/watch?v=7XjrOWJRm7s?feature=oembed&w=800&h=450]

So what next for Meghan Markle and Prince Harry?

The future is all kinds of uncertain for the couple, with even the Netflix deal not guaranteed to deliver the hundreds of millions of dollars many fans believe.

I’m no Netflix expert, but I don’t think it works that way. The streaming giant isn’t just handing Prince Harry and Meghan Markle a check for hundreds of millions of dollars regardless of the success of the content they provide.

I believe that they could potentially earn that kind of money if the Netflix content they deliver is a roaring success.

But what’re the chances that it will be? Talk of educational and inspirational programming sounds great, but having heard what Netflix is expecting from them, I don’t think that kind of content will get the job done.

I believe Netflix signed this deal because they want access to Prince Harry and the royal angle he can lend to projects.

Don’t be surprised if we see him in front of the camera on a Princess Diana documentary, which will anger his brother and father, no doubt.

And that trashy reality type show that was beneath them a month or so ago? Yeah, I wouldn’t bet against that proposition becoming appealing to them real quick if this nosedive in popularity and relevance continues into next year.

Disclaimer: The opinions expressed in this article do not necessarily reflect the views of CCN.com.

Eva Longoria Proves Its Time to Separate Politics & Entertainment

https://www.ccn.com/eva-longoria-is-getting-dragged/

  • For some reason, MSNBC interviewed Eva Longoria about the 2020 Presidential Election.
  • In the interview, the former “Desperate Housewives” star claimed that Latina women were the “true” heroes of the election, despite all evidence to the contrary.
  • Twitter pounced on her with ferocity, and I’m here for it.

I have no idea why Ari Melber of MSNBC decided that Eva Longoria — an actress best known for her work on the long-canceled “Desperate Housewives” — was the person that needed to be consulted about President-elect Joe Biden’s win.

But regardless of Melber’s logic, the interview delivered a moment in which the actress was bound to get dragged by her over-processed roots.

With one sentence, she managed to erase the impact that Black women had on the presidential election.

That level of verbal gymnastics is, if nothing else, impressive — albeit for all the wrong reasons.

Naturally, the resultant level of dragging — the blood, filth, bone, and slander — forced her to backtrack in a weak-sauce apology.

But I’m here for every last ounce of it.

That Moment When Eva Longoria Stepped In It, Big Time

Just look at how Eva Longoria credits Latina women for putting President-elect Joe Biden in the video below.

TwitterTwitter

By loading the tweet, you agree to Twitter’s privacy policy.
Learn more

Load tweet

I’m sorry, but where did she get her information?

According to the Americas-Society Council of the Americas (AS/COA), which dedicates its studies to the Hispanic diaspora in the United States, the Caribbean, and Canada, more Latinos — not less — voted for Trump in 2020 than they did in 2016. This is mostly due to the overwhelming Cuban-American support that Trump received.

While it’s true that more Latina women than Latino men voted for Biden, these figures are in stark contrast to the Black vote, which went overwhelmingly in favor of Biden, and which helped deliver the necessary electoral votes to the President-elect in key states.

Indeed, it’s almost universally accepted that Black women, led by such activists as Stacey Abrams — not Latina women, delivered the election to Joe Biden.

So, where does Eva Longoria get her information?

Social Media Pounced

It took almost no time for social media — specifically, Twitter — to jump on Eva Longoria and set the record straight. Many people compared Longoria to Dascha Polanco and Gina Rodriguez, two Latina women who made very prominent racist and anti-Black statements in the past.

Eva LongoriaEva Longoria
Why ARE we looking to Eva Longoria for a political take, anyway? | Source: Twitter
Eva LongoriaEva Longoria
Black women, and their role in the 2020 presidential election, should NEVER be erased. | Source: Twitter
Eva LongoriaEva Longoria
Afro-Latinx people are frequently being erased. It’s time to stop doing that, too. | Source: Twitter

And while Eva Longoria subsequently issued a well-scripted apology, it’s far too little and far too late.

As an entertainment writer, I often marvel at how seamlessly the worlds of entertainment and politics collide. It’s a testament to how ingrained pop culture is in our society. However, it’s also time to draw a clear line in the sand. After four years of having a game show host in the White House — and after a ridiculous presidential run by a once-talented rapper — it’s high time we stop thinking that entertainers can run the country.

And until celebrities like Eva Longoria get their anti-Blackness in check, it’s time to stop giving a platform.

Disclaimer: The opinions expressed in this article do not necessarily reflect the views of CCN.com.