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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

#91

Post by sillysaurusx »

necubi wrote: post #78
sillysaurusx wrote: post #54

Earlier quoted context omitted.

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…

Market manipulation is not anything that "affects the market." That definition would cover pretty much any and all behavior. In this case Discord is not trading securities, is not telling any one else to trade securities, has nothing at all to do with securities. If I run an email service and find that a user is running a pump-and-dump scam through it, do you really think I shouldn't be able to shut down their accoun…

Yeah, I didn’t mean it in the legal sense. It was just interesting that this decision can cost certain people millions of dollars. But that’s true of many actions in the world, as you say.

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

#92

Post by ddevault »

This is why I keep ringing the bell of open standards and protocols. This is why I still use IRC in 2021. This is why federation matters. Stop putting your eggs in someone else's corporate basket. Don't be duped by sparkly marketing and polish! You're being had!

https://xkcd.com/743/

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

#94

Post by f430 »

weston wrote: post #55
f430 wrote: post #35

Earlier quoted context omitted.

well the r/wsb subreddit has gone private too. We are experiencing technical difficulties based on unprecedented scale as a result of the newfound interest in WSB. We are unable to ensure Reddit's content policy and the WSB rules are enforceable without a technology platform that can support automation of this enforcement. WSB will be back. This seems like a DDOS attack on r/wsb well knowing that the moderators canno…

r/wallstreetbets Edit: that seems to be private now too?

check this out from 5 days ago:

https://news.ycombinator.com/item?id=25868680#25935933

I think the SEC thread created this morning had something to do with going private.

It isn't the first time they've gone private but this time with the discord being banned and all, im getting ban vibes.

Look if Discord can ban WSB over some cuss words, imagine what Reddit can do.

I'm on the phone with my broker as we speak and now I fear that this is a coordinated attack.

edit: so after I made that comment about github's half assed apology towards the guy that they terminated for saying "watch out for nazis", those same group of people are downvoting and flagging every single one of my comments. AGAIN. You didn't care when people were bringing attention to the anti-semitic memes being posted on Github 4 years ago, now you want to bury every fucking comment, just like the angry hedge fund managers getting their revenge on serfs making a little money.

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

#97

Post by guscost »

the_only_law wrote: post #73
tidepod12 wrote: post #67

Earlier quoted context omitted.

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 convinced that this is just a “win the battle, lose the war” moment. I can imagine well funded financial institutions doing whatever they can to make sure this doesn’t happen again and if they can, punishing those who took part.

Same exact thing that they are trying to do to Trump. The war between populists and establishment is just getting started.

This is probably not a popular (ha) opinion on HN right now, but just wait and see!

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

#98

Post by pas »

weston wrote: post #55
f430 wrote: post #35

Earlier quoted context omitted.

well the r/wsb subreddit has gone private too. We are experiencing technical difficulties based on unprecedented scale as a result of the newfound interest in WSB. We are unable to ensure Reddit's content policy and the WSB rules are enforceable without a technology platform that can support automation of this enforcement. WSB will be back. This seems like a DDOS attack on r/wsb well knowing that the moderators canno…

r/wallstreetbets Edit: that seems to be private now too?

It's because there was too much noise. Spam, new 0 karma accounts creating threads and posting the wrong kind of shitposts, etc. It was virtually inevitable.

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

#99

Post by madeofpalk »

sickygnar wrote: post #60

Someone likely paid the platforms and/or admins to take them down

Did you're read the article, and the statement Discord put out? I think the stated reason is the believable.

> Discord says it did not ban the server for financial fraud — rather, it was banned because it continued to allow “hateful and discriminatory content after repeated warnings.”

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

#100

Post by easton »

xiphias2 wrote: post #52
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…

It worked, Gamestop postmarket price is down from market close.

In the last 20-30 minutes too, which suggests it was purely because of WSB getting wacked. That's weird, it seems like the sentiment of the people investing in GameStop wouldn't be changed just because of this.
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