Fans of eclipses are preparing for one of the most visually impressive on June 21, 2020. Just one day after the Northern Hemisphere’s Summer Solstice, there will be an annular solar eclipse, which makes the sun and moon look like a ring of fire.
Ring of Fire
The annular solar eclipse is given the nickname ‘Ring of Fire’ as the moon won’t fully block out the sun. That is because the moon is at its furthest point from the Earth, so when it moves in front of the sun, something special happens. The sun will look like a ring of fire surrounding the moon during the annular solar eclipse.
Where to See the Eclipse
The Northern Hemisphere will be fortunate enough to witness the annular solar eclipse, but not everywhere will get a great view. A path of totality will begin in Central Africa and head toward the Arabian Peninsula, to China, and through to the Pacific. While those places will have the best view, many other parts of the world can enjoy a partial eclipse. Most people in Asia, Africa, Northern Australia, and Southern and Eastern Europe will witness part of the ring of fire.
When to Look Up
The eclipse will begin in Eastern Africa at dawn, with the full eclipse occurring an hour later. The moon will remain in front of the sun for around four hours, with the eclipse being last spotted in the Pacific Ocean. If you don’t live in the path of this eclipse, there will be another on June 21, 2021, with Canada and Russia in the path of the ring of fire.
Don’t forget to keep your eyes peeled to the sky on June 21 to see the annular solar eclipse. While looking at the sky, make sure to use filters on cameras, binoculars, and telescopes or your own eclipse glasses to protect your eyes.
The co-founders of Robinhood, Vlad Tenev and Baiju Bhatt, said that the protest movement against economic inequality, Occupy Wall Street, which started in September 2001, inspired them to start their online brokerage app.
Now, the company is being tested against its goal of democratizing access to stock trading. The recent trading of “meme stocks,” which includes companies like AMC and GameStop that were made popular through chat forums like r/WallStreetBets on Reddit, have caused Robinhood to reduce some trading.
Robinhood Against the Tech Community
People who used to cheer on Robinhood and everything they stood for in terms of forcing industries like TD Ameritrade and Charles Schwab to drop their trading commissions to zero are the ones that are now criticizing the company. Last week, the online brokerage app stopped the purchases of GameStop and almost a dozen other volatile stocks.
The current uproar can threaten the plans Robinhood has to go public, and it can also prevent potential recruiters from joining the company. However, the company raised about $3.4 billion, which includes $1 million in emergency funding, from Silicon Valley investors.
In the past week, the company has faced multiple lawsuits from investors and tons of criticism from elected officials due to the stock-buying pause.
Is There Pressure on Robinhood from Hedge Funds?
The CEO of Tesla, Elon Musk, spoke to Vlad Tenev through an audio-chat app Clubhouse where he asked him about Tenev’s decision to block the trading of GameStop stock. This caused people to wonder whether Tenev and the Robinhood company were facing pressure from hedge funds who might have been involved in those shares.
However, Tenev denied having any pressure from hedge funders and added that his company had no choice but to pause some sales because of regulatory requirements.
However, this explanation wasn’t enough for some. In fact, many started discussing alternatives to Robinhood platforms on Redditt.