I have an $E_\infty$ ring spectrum $R$. I suspect it is trivial, but I'm not sure. What I do know is that there is an $R$-linear equivalence $R \simeq \Sigma R$. Unless I am very confused, this already implies, for example, that $\pi_* R$ is a $\mathbb{F}_2$-algebra.
What else does a condition like $R \simeq \Sigma R$ imply? For example, does it imply statements about, say, the action of Steenrod operators?
I am also interested in statements that require extra niceness conditions on this equivalence, because in my case I understand the equivalence reasonably well and can try to check for specific niceness conditions.