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Discord bans r/WallStreetBets server, subreddit went private for a while

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Re: Discord bans r/WallStreetBets server, subreddit went private for a while

#81

Post by rory »

tidepod12 wrote: post #67
rory wrote: post #57

Earlier quoted context omitted.

They've officially ticked off rich and well-connected people, so regulators are coming to shake the tree branch (I have no idea whether what they're doing is illegal or not) and the platforms want to distance themselves from that ASAP.

Incredibly naive to think that WSB itself isn't filled with rich and well-connected people. In its early days, WSB was almost entirely a bunch of rich wall street traders with extra tens/hundreds of thousands to spare on crazy bets. Nowadays, it's one of the largest subreddits on one of the largest websites in the world. WSB isn't some niche gathering of "average joes" - all of the major wall street firms monitor it,…

I'm incredibly naive to think something I didn't claim, allude to, or comment on at all? Rich and well-connected people can tick off other rich and well-connected people.

Re: Discord bans r/WallStreetBets server, subreddit went private for a while

#82

Post by lawnchair_larry »

f430 wrote: post #43
Alupis wrote: post #27

Earlier quoted context omitted.

And who exactly is hurt here? I've never heard of this subreddit before, nor it's Discord Server, but I do know that one doesn't just stumble upon either on accident. The only people being hurt here are the ones that went looking to be hurt. What we have here is a group of immature people, emboldened by internet anonymity, saying stupid things for the "lolz". Does anyone think they'll be more mature because their ser…

Recall not too long ago the drama over github when one of the employers simply said to "watch out for nazis" during the DC Capitol incident. We are at a point where certain languages are being banned and made illegal, you can't blame people for being worried that we are on the cusp of totalitarianism. The banning of discord and r/wsb going private is quite scary, especially given the timing. I guess hedge fund manage…

Because the woke left are fascists who are desperate to police people’s language.

Re: Discord bans r/WallStreetBets server, subreddit went private for a while

#83

Post by asddubs »

ve55 wrote: post #14

And they chose today as the best possible time to enact this ban? Really? I really think they should have put more thought into the timing of this decision; a lot of users are going to be upset and will suddenly start to realize that a single company has a monopoly on their online social life (this may seem like an exaggeration, but it feels quite true to me colloquially, especially if you're a younger US male and/or…

probably just an excuse and the real reason is that they want to stay out of trouble. (to state the obvious)

Re: Discord bans r/WallStreetBets server, subreddit went private for a while

#84

Post by DeepYogurt »

sillysaurusx wrote: post #54
astine wrote: post #46

For those of us not in the know, what is so special about today regarding WSB? I know there's a feud with short sellers going on, but I haven't been following the details.

Someone went from 50k to 50M by igniting a short squeeze. All eyes were on the WSB subreddit, and discord server. Now both are private or offline. No one has any chance to coordinate now. Discord’s action is effectively market manipulation in a literal sense, because this is certainly going to affect the market. I’m curious why the sub went private though. EDIT: I regret my phrasing. I didn’t mean this was illegal ma…

> Discord’s action is effectively market manipulation in a literal sense, because this is certainly going to affect the market.

It certainly will have an effect, but I'm not sure it meets the definition of "manipulation". I think (though am not certain) that the manipulating party would need to have a stake in the market asset for manipulation to apply. Many definitions (though not investor.gov) imply that personal gain is a requirement. No doubt there will be a legal case made here.

Re: Discord bans r/WallStreetBets server, subreddit went private for a while

#85

Post by [deleted] »

tidepod12 wrote: post #58
Der_Einzige wrote: post #37

Earlier quoted context omitted.

"Gay bear" is not an insult or pejorative. Most of wsb were "gay bears* in Feb - April.

"Gay bear" is almost exclusively used as an insult on the subreddit, and this week has been one of the primary insults used in reference to the short sellers (everyones #1 enemy on WSB right now). It would still be pejorative even if not used that way, but it's ridiculous to claim that it's not a pejorative when it is explicitly used as an insult.

[deleted]

Re: Discord bans r/WallStreetBets server, subreddit went private for a while

#86

Post by EVdotIO »

BoorishBears wrote: post #34
luxuryballs wrote: post #6

Earlier quoted context omitted.

You’d be surprised what kind of asinine bullshit they will ban a server over. Feels like everywhere you go these days some real or virtual administrator is pre-determining how much risk you’re allowed to put yourself in.

I joined the server and the first thing I saw was a mod saying the N word with hard R. Check their history and there's literally pages of it. I didn't appreciate that so I reported it and left. - Lots of people confusing this with not liking WSB. The other WSB discord which was linked to the subreddit was fine even though it was barely moderated. Rough around the edges like WSB tends to be... but fine as a place to h…

Well, it is "Like 4chan found a Bloomberg terminal".
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