|Bid||73.51 x 1200|
|Ask||73.92 x 1400|
|Day's Range||73.56 - 77.09|
|52 Week Range||20.00 - 80.75|
|Beta (5Y Monthly)||0.75|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 29, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||68.41|
(Bloomberg) -- Looking to cash-in on the hype around online stock promotion, VanEck Associates Corp. is starting a new exchange-traded fund that purports to track the 75 most-favorably mentioned companies on the internet.Launching on Thursday, the VanEck Vectors Social Sentiment ETF (ticker BUZZ) follows an index that scours online sources including social media, news articles and blogs for equity-specific messages and posts, according to a statement from the firm.As if to underline the fund’s roots in the retail-investing boom that has swept Wall Street in the past year: Dave Portnoy, founder of Barstool Sports, promoted the ETF in a Twitter video on Tuesday.“Twitter, Reddit, Stocktwits and dozens of other platforms have established communities for investors to discuss stocks,” Ed Lopez, head of ETF product for VanEck, said in the statement. “As a result of soaring online engagement they have become an alternative dataset for investors to scour and utilize for a performance edge.”Exactly how well the fund will capture the hottest trends is a matter for debate. The ETF follows the BUZZ NextGen AI US Sentiment Leaders Index, whose criteria for inclusion of a stock includes a minimum market capitalization of $5 billion and the breadth and diversity of conversation surrounding a share, which is screened-for over a 12-month period.As a result, something like GameStop Corp. -- which famously surged more than 1,600% in January driven by investors from Reddit platform WallStreetBets -- do not currently feature in the index. Twitter Inc., DraftKings Inc. and Ford Motor Co. are currently the top names in the gauge, which rebalances monthly.A similar ETF tracking the same index launched in 2016, called the BUZZ US Sentiment Leaders ETF (BUZ). It closed in 2019 with just $8.8 million in assets.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Twitter (NYSE: TWTR) has enacted a new five-strike policy aimed at shutting down the spread of misinformation related to the COVID-19 vaccine. What Happened: In a Monday post by the Twitter Safety team on the corporate blog, the company said it sought to “educate people on why certain content breaks our rules so they have the opportunity to further consider their behavior and their impact on the public conversation.” The new enforcement policy goes through a five-strike process that includes: One strike: no account-level action Two strikes: 12-hour account lock Three strikes: 12-hour account lock Four strikes: seven-day account lock Five or more strikes: permanent suspension “Labels will first be applied by our team members when they determine content violates our policy,” the company said. “Those assessments will be used to further inform our automated tools and to advance our proactive capacity to identify and label similar content across the service. Our goal is to eventually use both automated and human review to address content that violates our COVID-19 vaccine misinformation rules.” The new enforcement policy will initially focus on English-language content, with the expansion to other languages occurring later, Twitter said. Why It Happened: Public health officials have faced considerable skepticism about the COVID-19 vaccine, although more trust appears to be taking root. A survey released last week by the Kaiser Family Foundation found the share of Americans taking a “wait and see” approach to getting vaccinated has dropped from decreased from 31% in January to 22% in February — yet 15% of Americans insisted they will not be vaccinated and 7% said they would get the vaccine “only if required for work, school, or other activities.” Vaccine skepticism is still strong among communities of color, with half of Black adults and slightly more than one-third of Hispanic adults admitting they were confident that the new vaccines were adequately tested for safety and effectiveness among their demographics. “As health authorities deepen their understanding of COVID-19 and vaccination programs around the world, we will continue to amplify the most current, up-to-date, and authoritative information,” Twitter said. Twitter doesn’t want its readers to be a stooge to misinformation. Photo courtesy Cinema Crazed. See more from BenzingaClick here for options trades from BenzingaHubSpot CEO Brian Halligan Injured In Snowmobile AccidentMrBeast Holds Twitter Drawing For K In Bitcoin© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Twitter will start applying warning labels to tweets that lie about coronavirus vaccines – and ban people if they keep posting them, it has said. It is the first time the company has specifially focused on posts about vaccines, though it has had broader guidance on how coronavirus misinformation more generally should be treated for some time.