Zero hedge

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Zero hedge
On a long enough timeline the survival rate for everyone drops to zero
Blog
languages English
Registration No
On-line 2009
https://zerohedge.com/

Zero Hedge is an English-language news - web site and a collection of blogs on economic and financial issues. The authors write jointly under the pseudonym “Tyler Durden”, a character from the novel Fight Club and the film of the same name . The blog represents extremely right-wing and libertarian views.

On Alexa.com, Zero Hedge is one of the 1,000 most important American websites (as of the end of 2016).

Political classification

Zero Hedge represents right-wing libertarian standpoints and is close to the alt-right ideology. The articles on Zero Hedge are economically pessimistic, especially towards Wall Street , conspiratorial , "anti- establishment ", and are described by the Bloomberg news service as "extreme" and "pro-Russian". The site often takes up theses that are Trump- friendly, always portraying the United States as in decline. As a result, it attracts an audience that is made up of racites, anti-Semites, right-wing extremists and conspiracy theorists.

The subtitle "On a long enough timeline the survival rate for everyone drops to zero." Is a direct quote from the movie Fight Club.

history

The website was founded in January 2009 by Daniel Ivandjiiski, a Bulgarian- born former hedge fund manager who was banned by FINRA in 2008 for insider trading . The site was created at the height of the Great Recession and positioned itself there as a site for financial experts. The site blamed Goldman Sachs for the financial crisis and published a conspiracy theory about illegal insider trading on the New York Stock Exchange . When Goldmann Sachs employees were actually accused, the site, which had been relatively unknown up to that point in time, came into public interest and the anonymous blogger became a hero.

Despite its anonymous nature, the site was picked up and quoted by numerous media. The website is registered in Bulgaria under the name Georgi Georgiev. In September 2009, the site had more than 300,000 visitors. In 2014, she had 215,000 followers on Twitter .

In April 2016, Bloomberg News named Tim Backshall (a credit derivatives specialist) and Colin Lokey as authors of the website in addition to Daniel Ivandjiiski . Lokey said he mainly wrote the political articles until he left in 2016. As a reason for his exit, he gave the alleged ideology of the site, and he also suffered a burnout . He paraphrased the ideology as “Russia = good. Obama = idiot. Bashar al-Assad = benevolent leader. John Kerry = dunce. Vladimir Putin = greatest leader in the history of statecraft ”paraphrased Ivandjiiski denied this and said that Lokey had every freedom to write what he wanted. Following Lokey's statement by also citing Hezbollah and China as ideological props, the website released a counter-notification in which they sharply attacked their former comrade and posted private chat messages. The two described him as an "emotionally unstable alcoholic with mental health problems and a history of being a drug dealer".

Business magazines and online business news report on Zero Hedge's critical reports.

criticism

In February 2020, Zero Hedge was finally banned on Twitter after it broke its terms of use by spreading the conspiracy theory that the corona virus was deliberately released by the Chinese Institute of Virology in Wuhan to create a global medical emergency. At the time, the Twitter account had 670,000 followers. In June 2020, the account was reactivated by Twitter, the block was an error.

The UK Center for Countering Digital Hate counted the weblog 2020 as one of the ten websites that would spread fake news during the Black Lives Matter movement . The side claimed that the BLM movement was a camouflaged action by the CIA that came from George Soros . The center demanded that Google exclude the website from their Google Ads advertising system . On June 17, 2020, the page was removed from the advertising system and PayPal also terminated the cooperation. Zero Hedge is since then Payolee and crypto currencies .

On August 24, 2020, Dow Jones announced that they had received $ 140,000 as part of a settlement from Zero Hedge for posting 37 articles in The Wall Street Journal without their consent.

Web links

Individual evidence

  1. ↑ Tyler Durden recommends Dow Zero (heise.de of August 22, 2011, accessed on February 27, 2014).
  2. ↑ Statistics on Alexa.com
  3. ↑ a b c Seth Hettena: Is Zero Hedge a Russian Trojan Horse? In: The New Republic . March 9, 2020, ISSN  0028-6583 ( newrepublic.com [accessed August 31, 2020]).
  4. ^ Wall Street's daily dose of doom and gloom CNN Money via Zero Hedge, April 29, 2014, accessed December 31, 2016.
  5. ↑ a b c Unmasking the Men Behind Zero Hedge, Wall Street's Renegade blog post on Bloomberg.com from April 29, 2016, accessed December 31, 2016.
  6. ↑ a b Derek Hawkins: Twitter bans Zero Hedge account after it doxxed a Chinese researcher over coronavirus. In: The Washington Post . February 1, 2020 ( washingtonpost.com ), accessed March 13, 2020
  7. ↑ a b c d e Ellen Cranley: Finance blog Zero Hedge was banned from Twitter for Wuhan coronavirus misinformation. It's not the first time the publication has raised eyebrows. In: Business Insider. February 1, 2020, accessed August 31, 2020 .
  8. ↑ a b c Joe Hagan: The Rising Power of Financial Blog Zero Hedge - Money 2009 - New York Magazine - Nymag. In: New York Magazine . Retrieved August 31, 2020 (American English).
  9. ↑ a b Ex-employee exposes blogger from Zero Hedge - HZ. In: Handelszeitung . April 29, 2016, accessed August 31, 2020 .
  10. ^ The Full Story Behind Bloomberg's Attempt To "Unmask" Zero Hedge. In: Zero hedge. Accessed August 31, 2020 .
  11. ↑ On Second Thought, JPMorgan Executive Won't Advise Commodities Regulator (businessweek.com, February 7, 2014, accessed February 27, 2014).
  12. ^ After a failed IPO: Speculation about targeted computer attack on Bats (faz.net of March 29, 2012, accessed on February 27, 2014).
  13. ↑ Hänsch: A Europe free of crises has never been promised (derstandard.at of January 10, 2013, accessed on February 27, 2014).
  14. ↑ The eight most important investor topics 2013 (wsj.de of August 10, 2013, accessed on February 27, 2014).
  15. ↑ Ryan Broderick: Scientists Haven't Found Proof The Coronavirus Escaped From A Lab In Wuhan. Trump Supporters Are Spreading The Rumor Anyway. In: Buzzfeednews.com. April 22, 2020, accessed on August 31, 2020 .
  16. ↑ Zero Hedge: Twitter bans financial page after coronavirus report. In: Handelsblatt . Accessed August 31, 2020 .
  17. ↑ Twitter restores account of financial market website Zero Hedge. In: Reuters.com, June 13, 2020.
  18. ^ Alison Durkee: Google and Facebook Are Cracking Down on the Far Right. In: [[Vanity Fair (magazine) |]]. Retrieved August 31, 2020 (American English).
  19. ↑ DEFUND RACISM: Black Lives Matter. In: stopfundingfakenews.com. Accessed August 31, 2020 .
  20. ↑ Zero Hedge banned by PayPal. In: Reclaim The Net. June 19, 2020, accessed August 31, 2020 (American English).
  21. ↑ Christopher Attard: Investment guru Jim Rogers declares bitcoin dead as it gears to break out of the eternal $ 9,000… In: Medium.com . June 23, 2020, accessed on August 31, 2020 .
  22. ↑ Murdoch's Dow Jones Gets $ 140,000 From Zero Hedge in Settlement . In: Bloomberg.com . August 24, 2020 ( bloomberg.com [accessed August 31, 2020]).