Who is behind zerohedge

Lokey's claims about the site's alleged ideology campaigns came in the same year as the US presidential elections, which put a spotlight on the information flooding voters from the endless amounts of online sources. Some efforts to root out fake or targeted right-wing news came in broad-strikes moves from social media platforms like Facebook, which in March appeared to be preventing Zero Hedge's articles from being shared by users.

The social network reportedly called the block "a mistake," and the articles could be shared after a few days. The site persisted in applying its signature stance to covering news into , as its homepage on February 1 included stories on environmental activist Greta Thunberg as an "angry year-old girl," attacks on "white privilege" within "cancel culture," and a conspiracy theory on murdered Democratic staffer Seth Rich.

The story doesn't provide any specific evidence to blame the lab beyond a press release on the scientist's work studying why bats which carry the coronavirus don't get sick. As for official theories on the spread of the virus, Zero Hedge says they are a "fabricated farce. A spokesperson for Twitter told BuzzFeed that "the account was permanently suspended for violating our platform manipulation policy.

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Chrome Safari Continue. Be the first to know. Get browser notifications for breaking news, live events, and exclusive reporting. Banks were overleveraged. House prices were plummeting. Stocks and bonds started to tank. After 84 years in operation, investment bank Bear Stearns nearly collapsed. The Federal Reserve bailed it out. JPMorgan Chase scooped up its assets. Skepticism about traditional financial media was brewing.

The public felt like bungled calls were par for the course in financial news. They did, of course: Roush rightly points out that there were dozens of stories that warned investors and consumers that there was a housing bubble ready to burst.

Meanwhile, online news readership eclipsed newspapers for the first time, according to a late study from the Pew Research Center. In other words, the kindling for a renegade blog like Zero Hedge was piled high.

All it needed was a match. But Zero Hedge swiftly gained traction, beginning with a series of stories on Goldman Sachs claiming that the bank had used high-frequency trading to profit through the New York Stock Exchange, reporting by New York Magazine shows.

In July of that year, an ex—Goldman Sachs computer programmer had been arrested for stealing computer code from the company. Soon after, Senator Chuck Schumer called on the Securities and Exchange Commission to investigate high-frequency trading. The regulator complied. This, in and of itself, encapsulates the Zero Hedge viewpoint.

Oft described as a permabear, the site regularly heralds a doom-and-gloom narrative.