The Federal Trade Commission will be the agency to review Amazon's proposed acquisition of Hollywood studio MGM, Wall Street Journal reported Tuesday, citing people familiar with the matter, just as the commission gets a new chairwoman who has been critical of the online giant's expansion. From a report: Amazon last month announced its deal for MGM, which would boost its Prime Video streaming platform in a market that includes rivals such as Netflix and Walt Disney. MGM has a library of more than 4,000 films, including the James Bond franchise, and a TV catalog that includes "The Handmaid's Tale" and "Vikings." Companies doing sizable mergers have to submit their deals for government antitrust review. The FTC shares antitrust authority with the Justice Department, and the two agencies split up the work of reviewing proposed deals. The department has recently reviewed transactions involving video content, including Disney's acquisition of 21st Century Fox and AT&T's acquisition of Time Warner, a deal the department unsuccessfully attempted to block in court.

Nielsen on Thursday announced that it had moved a step closer toward cracking one of the great questions of the modern entertainment world: How big, exactly, is streaming? From a report: Nielsen, the 98-year-old research firm that for decades has had an effective monopoly on measuring TV ratings in the United States, has a new metric that it says allows it to make an apples-to-apples comparison, on a percentage basis, of how many people are streaming shows and films on their TVs versus how many are watching traditional cable and broadcast channels. For the time being, Nielsen reports, people are spending more time watching TV the old-fashioned way -- but streaming is gaining fast.

On Thursday, the firm reported that 64 percent of the time American viewers used their television sets in May 2021 was spent watching network and cable TV, while they watched streaming services about 26 percent of the time. Another 9 percent of the time, they were using their TV screens for things like video games or watching programs or films they had saved on DVR. The streaming share is increasing rapidly. It stood at about 20 percent last year, Nielsen said; in 2019, it was about 14 percent. A Nielsen spokesman said that the firm anticipates the streaming share could go up to about 33 percent by the end of the year. Netflix and YouTube are the streaming leaders, the research firm said, with each capturing 6 percent of total TV time. They are trailed by Hulu (3 percent), Amazon (2 percent) and Disney+ (1 percent). Nielsen calls its new metric The Gauge. It comes in addition to its previous method of measuring how many people are watching streaming platforms, which relies on audio-recognition software included in Nielsen devices that are now in 38,000 households across the country. Both metrics measure only what is viewed on television screens and do not count what is watched on phones or laptops.

Pie charts and scatter plots seem like ordinary tools, but they revolutionized the way we solve problems. From a report: John Carter has only an hour to decide. The most important auto race of the season is looming; it will be broadcast live on national television and could bring major prize money. If his team wins, it will get a sponsorship deal and a chance to start making some real profits for a change. There's just one problem. In seven of the past twenty-four races, the engine in the Carter Racing car has blown out. An engine failure live on TV will jeopardize sponsorships -- and the driver's life. But withdrawing has consequences, too. The wasted entry fee means finishing the season in debt, and the team won't be happy about the missed opportunity for glory. As Burns's First Law of Racing says, "Nobody ever won a race sitting in the pits."

One of the engine mechanics has a hunch about what's causing the blowouts. He thinks that the engine's head gasket might be breaking in cooler weather. To help Carter decide what to do, a graph is devised that shows the conditions during each of the blowouts: the outdoor temperature at the time of the race plotted against the number of breaks in the head gasket. The dots are scattered into a sort of crooked smile across a range of temperatures from about fifty-five degrees to seventy-five degrees. The upcoming race is forecast to be especially cold, just forty degrees, well below anything the cars have experienced before. So: race or withdraw?

This case study, based on real data, and devised by a pair of clever business professors, has been shown to students around the world for more than three decades. Most groups presented with the Carter Racing story look at the scattered dots on the graph and decide that the relationship between temperature and engine failure is inconclusive. Almost everyone chooses to race. Almost no one looks at that chart and asks to see the seventeen missing data points -- the data from those races which did not end in engine failure.

Amazon's new Luna game streaming service is offering no-invite access on Prime Day, June 21 and 22. From a report: During that time, Prime subscribers in most of the US will be able to start a 7-day Luna trial, and can now get discounts on a Luna controller and Fire TV bundle. To access Luna currently, you must request an invitation or own a supported Fire TV device. It's available on Windows and Mac PCs, Fire TV, iPhone and iPad (via the web) and on supported Android phones. It costs $5.99 a month to access games including Resident Evil 7, Control, Tacoma, Rez Infinite and Metro Exodus. Amazon is discounting the dedicated Luna controller by 30 percent from today until June 22, reducing it to $49 from the list price $70 for Prime members. On top of that, it's offering the Fire TV stick 4K and Luna Controller in the Fire TV Gaming Bundle for $74, a discount of around $45.

An anonymous reader quotes a report from Ars Technica: Amazon and a who's who of online-only retailers are trying to kill proposed federal and state legislation that would make the companies disclose contact information for third-party sellers. The bills would force Amazon and others to verify the identities of third-party sellers and provide consumers with ways to contact the stores. The proposed legislation is pitting brick-and-mortar retailers -- including Home Depot, Walgreens, and JC Penney, which support the bills -- against online retailers like Amazon, Etsy, eBay, Poshmark, and others, which argue that the legislation would harm small sellers. [...] The online retailers argue that the bills would compromise the privacy of third-party sellers. On some platforms, the majority of merchants run their businesses out of their homes. Etsy, for example, says 97 percent of its sellers do. A survey of Amazon sellers found that 70 percent have work outside of their Amazon businesses, suggesting that they, too, run the business from their homes.

That anonymity, though, provides cover for fraudsters. It's not uncommon to find counterfeit and potentially harmful items on marketplace sites. In 2018, the Government Accountability Office ordered 47 items, including shoes, travel mugs, cosmetics, and phone chargers, from third-party sellers on "popular consumer websites" and determined that 20 of them were counterfeit. Even non-counterfeit items bought from third-party sellers have been implicated in consumer harm. In April 2018, a 19-month-old in Texas was injured after ingesting a battery that fell out of a loose battery compartment in a third-party Apple TV remote. The parents asked Amazon to stop selling the defective product and requested contact information for Hu Xi Jie, who ran the Amazon store "USA Shopping 7693" that sold the remote. Hu Xi Jie never responded, and Amazon was not able to locate the individual. The parents sued Amazon in Texas state court, arguing that the retailer is liable for the defective product. Amazon, on the other hand, says it serves as a middleman and bears no liability. It's that argument, among others, that has brick-and-mortar retailers pushing for changes. Consumer product laws hold businesses like Target and Home Depot liable for injuries if the stores do not take sufficient measures to keep defective products from reaching consumers. Online marketplaces haven't been subject to those rules since they don't control third-party sellers.

Microsoft on Thursday announced plans to expand its Xbox Game Pass subscription service to many more screens, including third-party smart TVs and also streaming devices the company is currently building itself. From a report: Microsoft intends to deliver its subscription platform on less powerful hardware via the cloud, as it does now with Android and iOS smartphones using a beta version of its Xbox Cloud Gaming service. "We believe that Microsoft can play a leading role in democratizing gaming and defining the future of interactive entertainment," said Microsoft CEO Satya Nadella in a prerecorded interview with Xbox chief Phil Spencer. "There are really three key areas where we believe we have an incredible competitive advantage: First, our leadership in cloud computing. Second, the resources we have to build our subscription service, Xbox Game Pass. And third, our overall focus on empowering creators." Microsoft says it's in the process of "working with global TV manufacturers to embed the Xbox experience directly into internet-connected televisions," adding that no extra hardware will be required, save a controller. The company is also "building its own streaming devices for cloud gaming to reach gamers on any TV or monitor without the need for a console at all."

Last week, Apple TV users reported issues with HBO Max refusing to rewind, fast-forward, or pause content. According to The A.V. Club, the issue is still ongoing. From the report: Strangely enough, HBO Max's customer service Twitter account acknowledged the issue on June 4. They wrote to a Twitter user, "We're aware of this issue with our app on Apple TV and our team is working to find a solution as quickly as possible. Thank you for your patience while we sort this out." HBO says "fixes coming," according to The Verge. Yesterday, the site's editor-in-chief tweeted about the issue to HBO Max's executive vice president and general manager Andy Forssell, who tweeted, "First priority is to deliver for users in addressing the issues, but in parallel we will also dive deep into that question." As of now, though, the company is still charging users for an app that won't let you rewind, say, that scene from Dumb & Dumber where Harry has diarrhea. This leads us to ask, where's the money going?

Google's Stadia is heading to new devices. On Monday the search giant announced that it will begin rolling out the cloud-based video game service to its Chromecast with Google TV streaming stick as well as a handful of other Android TV-powered televisions and devices on June 23. From a report: Those devices include: Hisense U7G, U8G and U9G Android TVs, Nvidia Shield TV and Shield TV Pro, Walmart's Onn FHD Streaming Stick and UHD Streaming Device, Philips 8215, 8505 and OLED 935/805 Android TVs, and Xiaomi Mi Box 3 and Mi Box 4.

Samsung is killing the first-generation SmartThings Hub at the end of the month, kicking off phase two of its plan to shut down the SmartThings ecosystem and force users over to in-house Samsung infrastructure. "Phase one was in October, when Samsung killed the Classic SmartThings app and replaced it with a byzantine disaster of an app that it developed in house," writes Ars Technica's Ron Amadeo. "Phase three will see the shutdown of the SmartThings Groovy IDE, an excellent feature that lets members of the community develop SmartThings device handlers and complicated automation apps." From the report: The SmartThings Hub is basically a Wi-Fi access point -- but for your smart home stuff instead of your phones and laptops. Instead of Wi-Fi, SmartThings is the access point for a Zigbee and Z-Wave network, two ultra low-power mesh networks used by smart home devices. [...] The Hub connects your smart home network to the Internet, giving you access to a control app and connecting to other services like your favorite voice assistant. You might think that killing the old Hub could be a ploy to sell more hardware, but Samsung -- a hardware company -- is actually no longer interested in making SmartThings hardware. The company passed manufacturing for the latest "SmartThings Hub (v3)" to German Internet-of-things company Aeotec. The new Hub is normally $125, but Samsung is offering existing users a dirt-cheat $35 upgrade price.

For users who have to buy a new hub, migrating between hubs in the SmartThings ecosystem is a nightmare. Samsung doesn't provide any kind of migration program, so you have to unpair every single individual smart device from your old hub to pair it to the new one. This means you'll need to perform some kind of task on every light switch, bulb, outlet, and sensor, and you'll have to do the same for any other smart thing you've bought over the years. Doing this on each device is a hassle that usually involves finding the manual to look up the secret "exclusion" input, which is often some arcane Konami code. Picture holding the top button on a paddle light for seven seconds until a status light starts blinking and then opening up the SmartThings app to unpair it. Samsung is also killing the "SmartThings Link for Nvidia Shield" dongle, which let users turn Android TV devices into SmartThings Hubs.

Catalin Cimpanu, reporting at Record: Live streams for radio and TV stations owned by the Cox Media Group, one of the largest media conglomerates in the US, have gone down earlier today in what multiple sources have described as a ransomware attack. The incident took place earlier this morning and impacted live streaming capabilities for the Cox radio and TV stations. Official websites, telephone lines, and other IT systems remained running. While live streams for most of the impacted TV stations have now returned online, most of the Cox radio streams are still offline at the time of writing.

An anonymous reader shares a report: Dismissed by critics and devoured by fans, "Transformers: Age of Extinction" was the top box office film in 2014, bringing in $1.1 billion, with more than three-quarters of those dollars coming from overseas. ViacomCBS's Paramount Pictures, which distributed the computer animated action-fest, saved much of that money by licensing the international rights through a complex strategy designed to avoid paying U.S. taxes, according to a study published on Tuesday by the Centre for Research on Multinational Corporations, a nonprofit group funded in part by the Dutch Ministry of Foreign Affairs.

It is common practice for multinational corporations to take advantage of tax shelters. The report offers a rare look at how one company has pulled it off. ViacomCBS, a media giant that came into being after the 2019 merger of the sibling companies, has used the same strategy for all its entertainment properties, according to the report. Since 2002, ViacomCBS and its predecessor companies Viacom and CBS together avoided paying $3.96 billion in U.S. corporate income tax through a system that involved subsidiaries in Barbados, the Bahamas, Luxembourg, the Netherlands and Britain, according to the report. Much of the $30 billion in non-U.S. royalty revenue brought in by the company's film and TV franchises, such as "SpongeBob," "Star Trek" and "Mission: Impossible," has not been subject to corporate taxes, the study determined.

The American Forces Network is a U.S. government TV and radio broadcast service provided by the military for overseas personnel. But there's an interesting quirk. As an official Department of Defense product, it's not allowed to run ads or even mention commercial products, according to Stars and Stripes. "Instead, it lets commanders put out messages about force protection, weather, current events and base services."

And that's where things get creative...

Killer vending machines, security-conscious hamsters and a roommate who devolves into a caveman. These are some of the memorable features of Garry Terrell's vast collection of military-grade videos from the American Forces Network and its predecessor, the Armed Forces Radio and Television Service. The son of a former U.S. soldier, Terrell is trying to preserve "all things AFN/AFRTS," and boasts over 3,600 videos on the YouTube channel AFRTSfan. He began his collection nearly three decades ago, after learning that little had been done to save the many AFN spots that serve as a touchstone for troops and military families who've lived overseas.

The military-made productions fill what would normally be ad time in broadcasts back home... Because they're broadcast across various theaters, the ads served as "kind of like this bonding thing" for kids' friend groups frequently reshaped by duty station changes, said Sabine Brown, an airman's daughter who grew up in Germany in the 80s and 90s. For Terrell, whose mother is German, "it was just my local TV and radio provider" growing up on the bases where his father served as a career U.S. soldier in the 70s and 80s. He took it for granted until the early 90s Base Realignment and Closure process threatened to shutter bases he'd grown up on.

"Fearing that AFN might also go away, I decided to try and collect some AFN radio and TV items to add to my ever-growing memory book of Germany," he said in an email. "I felt like I was in a race against time."

He began contacting and befriending AFN staff and alumni, growing his collection through contributions from his expanding network of AFN insiders and "superfans." He started sharing this burgeoning library on YouTube over a decade ago, creating something of a time capsule, with spots that run the gamut from cringe-inducing, silly or lame to fun, brilliant and truly memorable.
The article notes that the videos once were even affectionately lampooned in a duet by two folk-singing Air Force pilots — which apparently remembers, among other things, the AFN ad illustrating the importance of the power-of-attorney by re-dubbing an old Hercules movie.

Who wants to be an astronaut? If the answer is you, there's a reality TV show, appropriately titled "Who Wants to Be an Astronaut?", that you ought to apply for. From a report: The Discovery Channel is seeking to cast about 10 would-be astronauts to compete during the series' eight-episode run next year for a seat on a real-life trip to the International Space Station, followed by live coverage of the launch of the winner on a SpaceX rocket. "We'd like a diverse group of people that each have their own story, why they want to go to space, why they're worthy of going to space, what their back story is," said Jay Peterson, president of Boat Rocker Studios, Unscripted, one of the companies producing the show for Discovery. That person will not be the only amateur astronaut destined for the space station next year. So many tourism and entertainment efforts are preparing trips there that it could begin to look more like a soundstage for television shows and a hotel for the wealthy than an orbiting research laboratory.

Many who work in the business of space believe that is a good thing, even if trips to orbit will remain out of reach of all but the wealthiest passengers in the near term. "This is a real inflection point, I think, with human spaceflight," Phil McAlister, NASA's director of commercial spaceflight development, said during a news conference this month announcing that the agency had signed an agreement with Axiom Space, a Houston-based company, to fly the first mission of private astronauts to the space station. "I'm very bullish on the tourism market and the tourism activity," Mr. McAlister said. "I think more people that are going to fly, they're going to want to do more things in space." Although the International Space Station may stay up in orbit at least until 2028, in the future it will not be only space station. Russian space authorities last month declared their intention to leave the I.S.S. in the coming years and build a station of their own. A Chinese orbital outpost is expected to come online in the next year or two.

James Bond has a new home: Amazon and MGM announced a definitive merger agreement under which Amazon will acquire MGM for $8.45 billion. From a report: MGM, founded in 1924, complements Amazon Studios, which has primarily focused on producing TV programming, the companies said. Amazon will help "preserve MGM's heritage and catalog of films," and provide customers with greater access to these existing works, the companies said. For Amazon, snapping up MGM -- which has more than 4,000 movies and 17,000 TV shows in its catalog -- is a way to supercharge its Prime Video service with a slew of well-known entertainment properties. In addition, Amazon is anticipating being able to tap into Metro-Goldwyn-Mayer properties like the Pink Panther, Rocky, and, yes, the 007 franchises for new originals.

"The real financial value behind this deal is the treasure trove of [intellectual property] in the deep catalog that we plan to reimagine and develop together with MGM's talented team," Mike Hopkins, senior VP of Prime Video and Amazon Studios, said in announcing the deal. "It's very exciting and provides so many opportunities for high-quality storytelling." Hopkins noted that MGM productions collectively have won more than 180 Oscars and 100 Emmys. The studio has roughly 800 employees globally.

The Telegraph reports: Video-sharing platform YouTube has announced changes in its terms of services, which confer the company the right to monetise all content on its platform by placing advertisements along its videos from channels that are not covered by its partner programme. From June onwards, content created by those who have not enrolled for the YouTube partner programme will also run advertisements curated by YouTube.

The creators/uploaders will not earn any revenue from these promotions...

"You grant YouTube the right to monetise your content on the service (and such monetisation may include displaying ads on or within content or charging users a fee for access)," said the updated terms of service. "This agreement does not entitle you to any payments...." This was already in effect in the U.S. from November last year and will now be extended across other geographies effective from June. According to industry observers, the change in terms of service is motivated by the fast growing revenue channels from YouTube advertisements. For the March quarter of 2021, Alphabet, Google's parent, earned a revenue of $6 billion from YouTube advertising, posting a year on year growth of 49 per cent...

Philipp Schindler, senior vice president and chief business officer, Google explained to the analysts on what is driving such growth... "Advertisers are using YouTube now to reach the audiences they can't find anywhere else. And remember, more 18-to-49-year-olds are actually watching YouTube than all linear TV combined...." According to official figures, over 2 billion logged in users visit YouTube every month and every day people watch over a billion hours of video on the platform...

"Today there are two models in place - either the subscriber pays or the advertiser pays. It is inevitable that all platforms will follow one or the other and viewers and content creators have to accept that," said a media and entertainment industry analyst requesting anonymity.
YouTube reminds users that its Terms of Service also "already state that you cannot collect any information that might identify a person without their permission. While this has always included facial recognition information, the new Terms make that explicitly clear."

Rotten Tomatoes is continuing on its quest to grow into something substantially bigger than its Tomatometer movie and TV rating scores. From a report: The website -- owned by NBCUniversal's Fandango -- expands its entertainment footprint with the launch of The Rotten Tomatoes Channel, a new over-the-top streaming service that will initially debut on on The Roku Channel. The OTT service will then come to NBCU's Peacock platform and Comcast-owned Xumo, with other distribution deals in the works including with internet pay-TV providers, according to Fandango. The first 24-hour linear video channel from Rotten Tomatoes will loop about 100 hours of premium programming around the clock on the channel, culled from RT's stable or original shows.

With the launch of The Rotten Tomatoes Channel, Fandango wants to expand its audience reach and provide new entry-points into the entire Fandango ecosystem (i.e., to push movie tickets and digital sales or rentals). Some of the shows on The Rotten Tomatoes Channel will include "Countdown," a show discussing the best upcoming movies and shows according to the Tomatometer and panelists; "The Vault," a nostalgic look back at star interviews, red carpet chats, games and more from the Rotten Tomatoes archives; "Trailers Reloaded," recapping the biggest movies and shows with an extensive collection of trailers; and "Rotten Tomatoes Essentials," a look back at movies, shows, stars and directors that defined genres and eras.

AT&T has agreed to spin off its media operations in a deal with Discovery that will create a new entertainment company, merging assets ranging from CNN and HBO to HGTV and the Food Network. From a report: AT&T will receive $43 billion in cash, debt securities and debt retention, with AT&T shareholders getting stock representing 71% of the new company, the companies said in a statement Monday. The deal is structured as a tax-advantaged Reverse Morris Trust. Discovery Chief Executive Officer David Zaslav is to lead the new entity. WarnerMedia CEO Jason Kilar's future is to be determined, AT&T CEO John Stankey said on a conference call discussing the deal. The plan, first reported by Bloomberg News, would combine Discovery's reality-TV empire with AT&T's vast media holdings, creating a formidable competitor to Netflix and Walt Disney. It marks a retreat for AT&T's entertainment-industry ambitions after years of working to assemble telecom and media assets under one roof. AT&T, now the world's most heavily indebted nonfinancial company, gained some of the biggest brands in entertainment through its $85 billion acquisition of Time Warner, completed in 2018. Further reading: Jason Kilar, the WarnerMedia chief, is said to be negotiating his exit.

In Vizio's first public earnings report today, the company revealed that in the first three months of 2021, profits from its Platform+ business -- the part that sells viewer data and advertising space via the SmartCast platform -- were $38.4 million. Engadget reports: As execs said on the call, the company continues to court relationships with brands and agencies, following the same plan laid out six years ago with a business built on its Inscape Automated Content Recognition tech. Its device business (the part that sells TVs, sound bars and the like) had a gross profit of $48.2 million in the same period, up from $32.5 million last year. While the hardware business has significantly more revenue, profits from data and advertising spiked 152 percent from last year, and are quickly catching up.

Vizio did say that hardware profits were affected by products getting stuck at ports due to a shipping glut that has impacted many companies over the last year, buts forecast is that Platform+ revenue and profit will continue to grow in Q2, as device profit margins "trend toward the single digits." Vizio said it now has 13.4 million active SmartCast accounts, with viewers spending 52 percent of their viewing time on SmartCast inputs (the built-in apps, or casting from another device). 34 percent of viewing time went to linear TV, with 7 percent for game consoles or over the top devices. If you have a Vizio TV, you can opt out of anonymized tracking by following these steps.

Chinese television maker Skyworth has issued an apology after a consumer found that his set was quietly collecting a wide range of private data and sending it to a Beijing-based analytics company without his consent. From a report: A network traffic analysis revealed that a Skyworth smart TV scanned for other devices connected to the same local network every 10 minutes and gathered data that included device names, IP addresses, network latency and even the names of other Wi-Fi networks within range, according to a post last week on the Chinese developer forum V2EX. The data was sent to the Beijing-based firm Gozen Data, the forum user said. Gozen is a data analytics company that specialises in targeted advertising on smart TVs, and it calls itself Chinaâs first "home marketing company empowered by big data centred on family data."

The user did not identify himself, and efforts to contact the person received no reply. However, the post quickly picked up steam, touching a nerve among Chinese consumers and prompting angry comments. "Isn't this already the criminal offence of spying on people?" asked one user on Sina.com, a Chinese financial news portal. "Whom will the collected data be sold to, and who is the end user of this data?"

NBC News reports on what exactly happened during Elon Musk's appearance on Saturday Night Live — starting with a surprisingly personal monologue: "I don't always have a lot of intonation or variation in how I speak," Musk said, "which I'm told makes for great comedy." He admitted he's socially awkward and said he was the first person with Asperger syndrome to host the show — "or at least the first to admit it."

"I know I sometimes say or post strange things but that's just how my brain works," Musk, 49, said. "I reinvented electric cars and I'm sending people to Mars on a rocket ship. Did you think I was also going to be a chill, normal dude?"
ET Canada notes that Twitter users later pointed out that former SNL castmember (and later episode host) Dan Aykroyd has also said he was diagnosed with Asperger syndrome. But NBC notes that Saturday's show was focused on the interests and eccentricities of Elon Musk. His mother, Maye Musk, appeared as part of the show's pre-celebration of Mother's Day. "I'm excited for my Mother's Day gift," she said, before mentioning a form of cryptocurrency hyped by her son. "I just hope it's not Dogecoin."

"It is," said Musk, a big investor in the cryptocurrency...
And later in a skit with Michael Che, Musk had also played a fictional cryptocurrency expert who's asked repeatedly to explain Dogecoin. "It actually started as a joke based on an internet meme but now it's taken over in a very real way," Musk said. "It's the future of currency." Asked again by Che, he said, "I keep telling you, it's a cryptocurrency you can trade for conventional money."

"Oh," Che said. "So it's a hustle."

"Yeah," Musk said, "it's a hustle...."

Dogecoin tracker Darren Rovell tweeted that the cryptocurrency had, at one point, lost $30 billion in value during the show.
In fact, by early Sunday Dogecoin was down 40%, trading as low as 44 cents, reports CNN: It's unclear what was driving the dogecoin selloff. Perhaps investors wanted Musk to say something more supportive of the cryptocurrency. But more likely, there was some "buy the rumor / sell the news" strategy, trying to capitalize on investors' predictions coming true by selling high. Dogecoin traded so actively that Robinhood announced early Sunday morning it was having issues processing crypto trades and was working to resolve the problem.