domoskanonos/iStock via Getty Images Thesis Summary Just last month, I called Super Micro Computer, Inc. ( SMCI ) the most misunderstood AI stock in the market and upgraded it to a Strong Buy. Today, the stock is down over 27%. Clearly, I was wrong to be bullish. But what has changed is not the fundamental AI story or even the company’s positioning in the AI infrastructure stack. What’s changed is...
domoskanonos/iStock via Getty Images Thesis Summary Just last month, I called Super Micro Computer, Inc. ( SMCI ) the most misunderstood AI stock in the market and upgraded it to a Strong Buy. Today, the stock is down over 27%. Clearly, I was wrong to be bullish. But what has changed is not the fundamental AI story or even the company’s positioning in the AI infrastructure stack. What’s changed is trust. New allegations have resurfaced that a SMCI director was involved in selling illegal chips, Nvidia ( NVDA ) GPUs to China. The market no longer trusts SMCI, and with good reason. There were plenty of signs, and I chose to ignore them. It’s a hard lesson to learn, but a lesson learned. SMCI has become uninvestable in my book. From Underrated To Uninvestable In my previous piece, I laid out what I considered to be a logical thesis. The market was pricing SMCI as a low-margin commodity hardware vendor, while the company was clearly transitioning into a full-stack AI infrastructure provider. My original thesis was supported by three key pillars: Explosive AI-driven revenue growth Early signs of margin expansion via DCBBS solutions A structural shift toward rack-scale AI factory deployments None of that has really changed; the problem is that SMCI already had a track record of issues, and that just got much worse. First, it was the audit of its financials; now, it’s alleged criminal wrongdoing by its co-founder. The Allegations: Why This Matters According to a recent report, company insiders, specifically a co-founder and an employee, have been implicated in the smuggling of restricted Nvidia chips. However, it's important to note Super Micro has not been named as a defendant in this indictment. U.S. officials allege the trio went to great lengths to hide their actions from both U.S.-based server manufacturers and export control authorities, even using hair dryers to remove labels and serial numbers from the real machines and placing them on dummy machines left behind a...
(RTTNews) - Meta Platforms is scaling back key elements of its metaverse strategy as the company increasingly shifts investment toward artificial intelligence. The company recently laid off about 10 percent of employees in its metaverse-focused division and announced that its flagship virtual world app, Horizon Worlds, will stop supporting new virtual-reality applications. Meta initially said acce...
(RTTNews) - Meta Platforms is scaling back key elements of its metaverse strategy as the company increasingly shifts investment toward artificial intelligence. The company recently laid off about 10 percent of employees in its metaverse-focused division and announced that its flagship virtual world app, Horizon Worlds, will stop supporting new virtual-reality applications. Meta initially said access through VR headsets would end on June 15 but later clarified that some existing VR experiences will continue to be supported. The move reflects a broader pivot by Chief Executive Officer Mark Zuckerberg, who has increasingly emphasized AI development over immersive virtual worlds. The company plans to spend at least $115 billion this year, largely on artificial intelligence infrastructure including new data centers. Meta originally launched its metaverse push after acquiring Oculus for $2 billion in 2014 and later rebranded the company from Facebook to Meta in 2021 to reflect the vision of a shared digital universe where people would work, socialize and play through avatars. Despite billions of dollars in investment estimated at roughly $80 billion—the metaverse has remained a niche market compared with digital platforms such as Roblox and Fortnite. Meta said it will continue investing in virtual and augmented reality technologies, including future headsets and smart glasses, even as AI becomes the company's central strategic focus. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The S&P 500 Index ($SPX) (SPY) on Friday closed down -1.51%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.96%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.88%. March E-mini S&P futures (ESM26) fell -1.39%, and March E-mini Nasdaq futures (NQM26) fell -1.83%. Stocks plunged on Friday, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 falling to 6.25-month lo...
The S&P 500 Index ($SPX) (SPY) on Friday closed down -1.51%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.96%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.88%. March E-mini S&P futures (ESM26) fell -1.39%, and March E-mini Nasdaq futures (NQM26) fell -1.83%. Stocks plunged on Friday, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 falling to 6.25-month lows. Stocks fell sharply on Friday amid concerns about the spillover effects of elevated energy costs from the war with Iran to inflation and economic growth. Join 200K+ Subscribers: Stock losses deepened on Friday after CBS reported that Pentagon officials have made detailed preparations for deploying US ground troops into Iran. Also, Axios reported that the US is considering taking over Iran’s Kharg Island, a key oil-export site, to put pressure on Iran to reopen the Strait of Hormuz. The Wall Street Journal reported Friday that the Pentagon is deploying three warships and thousands of Marines to the Middle East. Also, inflation fears on Friday pushed global bond yields higher and weighed on stocks. The 10-year T-note yield rose to a 7.5-month high Friday of 4.39%, the 10-year UK Gilt yield jumped to a 17.5-year high of 5.02%, and the 10-year German Bund yield climbed to a 14.75-year high of 3.05%. The Iran war entered its twenty-first day on Friday with no end in sight as Iran presses ahead with attacks on neighboring states. Kuwait said on Friday that it shut several units at its Al Ahmadi refinery after multiple strikes, and Bahrain reported a fire at a warehouse. Also, Saudi Arabia and the United Arab Emirates said they intercepted Iranian missiles and drones on Friday. Crude oil prices (CLJ26) remain high despite attempts to boost global supplies. The IEA last Wednesday released 400 million barrels from emergency oil stockpiles and said the war against Iran is disrupting 7.5% of global oil supply, and the conflict will cut global oil supply by 8 million bpd this month...
Under Friday night lights, Manchester United stumbled. A day to remember for Harry Maguire became one of regret when he was shown a red card during a second-half flurry of goals. Twice United had the lead against Bournemouth, twice they were pegged back. Eli Junior Kroupi’s penalty snatched yet another draw for Andoni Iraola’s Premier League specialists in collecting single points, an opponent Uni...
Under Friday night lights, Manchester United stumbled. A day to remember for Harry Maguire became one of regret when he was shown a red card during a second-half flurry of goals. Twice United had the lead against Bournemouth, twice they were pegged back. Eli Junior Kroupi’s penalty snatched yet another draw for Andoni Iraola’s Premier League specialists in collecting single points, an opponent United really do not enjoy facing; the sixth successive time they have failed to beat Bournemouth. Michael Carrick’s regime have changed plenty for the better over 10 games but here came a disorderly echo of United’s troubled recent past and a stall of their Champions League chase. The 4-4 draw played out at Old Trafford in December was a key juncture in Ruben Amorim’s downward spiral, game and team spinning out of his control. The more coherent, square pegs in square holes, team structure installed since owes plenty to Steve Holland. Carrick’s assistant, track suit rather than sharp suit, shuns the limelight but is as influential as when alongside Gareth Southgate. Whether that partnership sustains beyond the summer remains the biggest pending decision for the Ineos politburo. Continue reading...
The Good Brigade/DigitalVision via Getty Images Only two months after the publication of my previous coverage , Target Hospitality Corp. ( TH ) continued to show its resilience despite the unfavorable things it has encountered in the past year. Its value increased by almost 10%, which justifies my Buy rating, small but continuous. Now, macro headwinds are emerging and appear riskier, but I believe...
The Good Brigade/DigitalVision via Getty Images Only two months after the publication of my previous coverage , Target Hospitality Corp. ( TH ) continued to show its resilience despite the unfavorable things it has encountered in the past year. Its value increased by almost 10%, which justifies my Buy rating, small but continuous. Now, macro headwinds are emerging and appear riskier, but I believe that TH may take advantage of them. Also, fundamentals are still robust with its debt-free Balance Sheet . Valuation and technicals are still in sync and show some upside potential. TH Q4 2025: Recovery Sustained In the past year or two, Target Hospitality Corp. has been at its low point due to the contract extinguishment of Pecos Children Center or PCC. But it the second half, TH proved it could rise from every challenge after opening itself to other niches. This paid off as it continued to regain its footing, as shown in its most recent performance. In Q4 2025 , its operating revenue amounted to $89.8M , up by 7.3% YoY from $83.7M. This YoY growth was higher than in my previous coverage at only 4.4%, which shows sustained improvement. Services income and specialty retail income weakened. This can tell us that it may still need some time to fully recover from the impact of contract extinguishments. If you look at its revenue per segment, its revenues from government and hospitality services segments fell. However, its construction fees, mainly from workforce hospitality solutions or WHS, brought additional revenues of $32.5M. This also shows that its recovery efforts and strategies have become fruitful as it expanded to other niches. Workforce Hospitality Solutions (TH Q4 2025 Release ) However, its operating costs and expenses rose. Its cost of services doubled, showing that it was not entirely shielded from inflationary headwinds. As a result, it incurred an operating loss. On a lighter note, one must remember that a huge portion of its costs and expenses were associate...
Fear Of The Second Wave Authored by Jeffrey Tucker via The Epoch Times, This time last year, it seemed like we were just about finished with the terrible inflation of the Biden years that had trimmed at least 25 percent from the purchasing power of the dollar. The hope has been for a year that the massive increases in money printing over the COVID years were finally done. As some put it, the snake...
Fear Of The Second Wave Authored by Jeffrey Tucker via The Epoch Times, This time last year, it seemed like we were just about finished with the terrible inflation of the Biden years that had trimmed at least 25 percent from the purchasing power of the dollar. The hope has been for a year that the massive increases in money printing over the COVID years were finally done. As some put it, the snake had finally digested the golf ball. All along we’ve worried that the experience of the 1970s would repeat: three clean waves. After each, monetary authorities presumed that the problem was over and that life could go on as normal. Each time, inflation fired back up again, until it culminated in an inflation of the late seventies that changed life in America fundamentally. After that, two household incomes were more common than not, if only to maintain living standards. We could only hope that we would not repeat that experience. Indeed, history does not repeat but it does rhyme. Authorities tend to relax in vigilance once a crisis seems to have abated. The 2021–2024 inflation was devastating for real wages and salaries. Official data reports that they have been mostly flat and then somewhat rising. Maybe, but I personally cannot think of anyone who earned raises that have kept up with inflation over four years. That’s anecdotal, to be sure, but you are welcome to check my intuition against your experience. We don’t seem to see moves today from the Federal Reserve that would suggest a concerted effort in the direction of easing. Money supply has not taken off and the Fed is holding interest rates rather tight for fear of igniting inflation. It appears that the existing pricing pressures stem not from monetary sources but supply shocks. Of all the changes in goods prices that could impose the largest shock to the general economy worldwide, oil ranks near the top. Is that happening? Yes. Not only that: price trends were not heading the right way even before the war shock. The...
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trad...
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of American Homes 4 Rent (Symbol: AMH) entered into oversold territory, hitting an RSI reading of 26.4, after changing hands as low as $27.275 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 28.8. A bullish investor could look at AMH's 26.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AMH shares: Looking at the chart above, AMH's low point in its 52 week range is $27.215 per share, with $39.49 as the 52 week high point — that compares with a last trade of $27.38. Find out what 9 other oversold stocks you need to know about » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Key Points Invenomic sold 498,317 shares of Haemonetics Corporation in the fourth quarter. The quarter-end position value decreased by $24.29 million due to the sale of all the fund's shares. The position previously accounted for 1.2% of fund AUM as of the prior quarter. 10 stocks we like better than Haemonetics › Invenomic Capital Management fully exited its position in Haemonetics Corporation (N...
Key Points Invenomic sold 498,317 shares of Haemonetics Corporation in the fourth quarter. The quarter-end position value decreased by $24.29 million due to the sale of all the fund's shares. The position previously accounted for 1.2% of fund AUM as of the prior quarter. 10 stocks we like better than Haemonetics › Invenomic Capital Management fully exited its position in Haemonetics Corporation (NYSE:HAE), according to a February 17, 2026, SEC filing, selling 498,317 shares previously worth $24.29 million. What happened According to a February 17, 2026, SEC filing, Invenomic Capital Management sold its entire stake of 498,317 shares in Haemonetics Corporation. The net position change for the quarter was $24.29 million. What else to know The fund’s exit from Haemonetics Corporation reduced the position from 1.2% of 13F AUM in the prior quarter to zero post-filing. Top holdings after the filing: NASDAQ: VTRS: $69.64 million (3.4% of AUM) NYSE: GPN: $61.73 million (3.0% of AUM) NASDAQ: XRAY: $58.66 million (2.8% of AUM) NASDAQ: AKAM: $58.59 million (2.8% of AUM) NYSE: EGO: $53.75 million (2.6% of AUM) As of Friday, shares of Haemonetics Corporation were priced at $58.58, down 9% over the past year and well underperforming the S&P 500’s roughly 16% gain in the same period. Company overview Metric Value Revenue (TTM) $1.32 billion Net Income (TTM) $175.44 million Market Capitalization $2.74 billion Price (as of Friday) $58.58 Company snapshot Haemonetics provides automated plasma collection devices, blood component collection systems, hemostasis analyzers, and integrated software solutions for blood management and transfusion. The firm generates revenue through the sale of medical devices, related disposables, and proprietary software platforms to healthcare providers and blood centers. It serves plasma centers, hospitals, and blood banks, targeting healthcare institutions that require advanced blood management and transfusion solutions. Haemonetics Corporation is a lead...
Fool.com contributor Parkev Tatevosian reviews Target's (NYSE: TGT) latest update and answers whether the stock is an excellent purchase for passive income investors. *Stock prices used were the afternoon prices of March 5, 2024. The video was published on March 7, 2024. Should you invest $1,000 in Target right now? Before you buy stock in Target, consider this: The Motley Fool Stock Advisor analy...
Fool.com contributor Parkev Tatevosian reviews Target's (NYSE: TGT) latest update and answers whether the stock is an excellent purchase for passive income investors. *Stock prices used were the afternoon prices of March 5, 2024. The video was published on March 7, 2024. Should you invest $1,000 in Target right now? Before you buy stock in Target, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Target wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of March 8, 2024 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Target. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
FerreiraSilva/iStock Editorial via Getty Images Brazil's President Lula said he spoke with Mexico's President Sheinbaum about a possible exploration partnership between their countries' state-run oil companies in the Gulf of Mexico, Bloomberg reported Friday. Lula said he had called at the request of Petrobras ( PBR ) CEO Magda Chambriard to suggest that the company work with Mexico's Pemex. "Did ...
FerreiraSilva/iStock Editorial via Getty Images Brazil's President Lula said he spoke with Mexico's President Sheinbaum about a possible exploration partnership between their countries' state-run oil companies in the Gulf of Mexico, Bloomberg reported Friday. Lula said he had called at the request of Petrobras ( PBR ) CEO Magda Chambriard to suggest that the company work with Mexico's Pemex. "Did you know Pemex could receive significant help from Petrobras to explore for oil together in the Gulf of Mexico, at a depth of 2,500 meters?" Lula said he asked Sheinbaum on the call, without providing additional details. Sheinbaum has been struggling to find private partners to help Pemex revive sagging oil production that has slumped to half its peak from 20 years ago. Lula also suggested that Brazil and Petrobras ( PBR ) should consider building a strategic oil reserve similar to those that the U.S. and other nations maintain to hold emergency stockpiles and ease disruptions. The president also said Petrobras ( PBR ) would seek to buy back a refinery in Brazil's Bahia state that was sold to Abu Dhabi's sovereign fund Mubadala in 2021 during the Bolsonaro presidency. "They sold the Bahia refinery. We will buy it back. It may take a while, but we will," Lula said, referring to the Mataripe refinery. More on Petrobras Petrobras: Compelling Valuation At Current Price Level Hard Assets Weekly: The Signal That Precedes Falls In Hard Assets Appeared In Oil Petrobras: Direct Proxy To Brent, But With Additional Variables (Rating Upgrade)
The chances of a recession are increasing, making lower-risk stocks more desirable. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » *Stock prices used were the afternoon prices of March 18, 2026. The video was published on March...
The chances of a recession are increasing, making lower-risk stocks more desirable. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » *Stock prices used were the afternoon prices of March 18, 2026. The video was published on March 20, 2026. Should you buy stock in WM right now? Before you buy stock in WM, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and WM wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $494,747!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,094,668!* Now, it’s worth noting Stock Advisor’s total average return is 911% — a market-crushing outperformance compared to 186% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of March 20, 2026. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends WM. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Hwangdaesung/iStock via Getty Images The best thing to have during a recession is cash. Cash maintains its value as stock prices drop, and it acts as dry powder when an investor decides to buy stocks at discounted valuations. The second-best thing to have during a recession is cash flow -- that is, a reliable passive income stream with which to regularly invest in discounted stocks, thereby accele...
Hwangdaesung/iStock via Getty Images The best thing to have during a recession is cash. Cash maintains its value as stock prices drop, and it acts as dry powder when an investor decides to buy stocks at discounted valuations. The second-best thing to have during a recession is cash flow -- that is, a reliable passive income stream with which to regularly invest in discounted stocks, thereby accelerating the compounding effect. As the military conflict in the Middle East expands to include energy infrastructure and both sides remain hardened in their resolve, the odds of a global recession rise. While the US is somewhat insulated due to its status as the largest producer of oil and gas in the world, it's worth acknowledging that the US economy is more fragile than it looks. Growth of jobs and real personal income (excluding transfer payments) are both quite weak and trending in the wrong direction. Could the spike in oil prices be the straw that breaks the economic camel's back? All I think a rational investor can conclude is that recession odds are rising, and thus it makes sense to make incremental adjustments to one's capital allocation strategy accordingly. I'm taking an across-the-board approach to building a passive income buffer, including reliable high-yielders, moderate-yielding compounders, and low-yielding dividend growth ETFs. Here's the agenda for this week: Why the US economy is in dire straits right now with high oil prices, a soft labor market, and falling growth in private sector income. A handful of increasing pessimism that could be contrarian buy signals. A reminder that the primary engine driving this bull market remains firmly in place. Some comments on my current dividend growth buy list. Onward! Dire Straits The state of the US economy is... complicated. Inflation as measured by the CPI remains too hot, largely due to tariffs and now the oil price spike. And GDP growth remains pretty decent, largely due to AI infrastructure capex and affluent ...
William_Potter/iStock via Getty Images Shares of F&G Annuities & Life ( FG ) have been a terrible performer over the past year, losing 43% of their value. The simple truth is that I have been decidedly wrong on this stock, moving to a “buy” last March and most recently rating it a “strong buy” in January when I last covered FG. Since then, the stock has lost 13%, and my hope that technical selling...
William_Potter/iStock via Getty Images Shares of F&G Annuities & Life ( FG ) have been a terrible performer over the past year, losing 43% of their value. The simple truth is that I have been decidedly wrong on this stock, moving to a “buy” last March and most recently rating it a “strong buy” in January when I last covered FG. Since then, the stock has lost 13%, and my hope that technical selling pressure could give way to interest from value-oriented investors has simply not played out. So far this year, shares have been pressured by fears around private credit exposure, which has pushed valuation lower than I ever expected. With shares so depressed, we need to revisit FG to see if there can be a recovery or if my thesis is completely broken. Seeking Alpha First, I would again emphasize that F&G’s liability profile is fairly low risk. It primarily sells indexed annuities, which are straightforward to hedge rather than the complex variable annuities held by many other insurers. Fixed rate annuities are especially straightforward while funding agreements have no underwriting risk. 92% of annuity policies are surrenderer protected with a 5.3 year average duration. It is because F&G has such simple insurance liabilities that it has been able to take more risk on the investment portfolio. It is concern about its assets, not liabilities, that will drive share price performance. F&G Because of its low-risk liabilities, F&G takes more risk on its investment portfolio to generate sufficient returns. It has a $56 billion portfolio, primarily focused in fixed income. There is also a 7% allocation to alternatives and equities. 97% of its portfolio is rated investment grade. Over the past five years , losses have run just 6bps/year. However, there I concern that losses could run higher going forward. That is because F&G has a 20% allocation to private credit and a 21% allocation to structured securities, giving it outsized exposure to these less liquid corners of the credit ma...
Tumblr users were left scrambling on Wednesday after dozens of accounts were banned in the same afternoon by an automated system. Numerous users contacted The Verge about the incident, claiming that the wave of bans disproportionately seemed to impact accounts run by users who identify as trans women, many of whom were given no specific reason for why their accounts were terminated. Screenshots of...
Tumblr users were left scrambling on Wednesday after dozens of accounts were banned in the same afternoon by an automated system. Numerous users contacted The Verge about the incident, claiming that the wave of bans disproportionately seemed to impact accounts run by users who identify as trans women, many of whom were given no specific reason for why their accounts were terminated. Screenshots of the email some users received notifying them of the ban state that, “This action was taken as the result of an internally-generated report. Automated means may have been used to identify the content at issue.” Chenda Ngak, head of communications at Tumblr parent company Automattic, confirmed the bans in a statement to The Verge, but said many were in error and had been reversed. “We continuously work to maintain platform health and adapt our systems to prevent bad actors from spreading harm. In that process, our automated system has incorrectly flagged several users, including, but not limited to, members of the trans community. We’ve disabled that system and restored those users while we improve it. We sincerely apologize to everyone who was affected by this error.” The wave of bans on Wednesday came just a day after Tumblr reversed a controversial change to its reblogging system earlier this week, which sparked outrage from many of the platform’s users. Some of the users who contacted The Verge suggested that the bans may have been in response to posts voicing opposition to the change, but Ngak stated that, “The reported terminated accounts are not related to the recent discussion about reblogs.” Ngak also added that “there is no evidence that trans users were disproportionately among the sub-200 accounts impacted.” However, multiple users who contacted The Verge expressed concerns about a history of moderation issues on Tumblr, some involving trans users in particular. In 2024, Automattic CEO Matt Mullenweg got into a public spat with a Tumblr user who went by predstrog...