131–140 of 1001 posts
For all the uneasy feelings I get about the triggerhappy banning by these platforms, there's probably a light at end of the tunnel. Boot enough people and the better alternatives might actually flourish with network effects.
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…
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…
No one is going to do anything if it’s not going to bring lulz or cash quickly because nothing matters anyway.
All the anti establishment movement is nihilistic in its core.
These are not Eastern European kids who dream to finish school and go to Western Europe and do something with their lives, these are also not Chinese who dream to go to America for a new life. They are not the American youth from the 60s or the bolsheviks from the pre-soviet era.
On the other hand, some of them must be rich now. Who knows what easily won money could bring.
The Reddit just got set to private too: https://www.reddit.com/r/wallstreetbets
All the subtopics are bleeding through all the threads though.
Fascinating. Is Discord connected to Melvin Capital in anyway?
In this case, it makes sense to try and appeal to them, even though from a purely moral point of view you could argue that the r/WSB people did nothing wrong and it's Melvin Capital (and whatever parent hedge fund is now bailing them out) who did wrong by betting more than they could afford to lose.
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…
Remember: they just want to ban the BAD guys. It’s just the bad guys they’re going to go after. They will never go after you as long as you’re the good guys. How much do you think it would cost to pay the top mod of /r/wsb (which is now private) to make the sub private? How much to some discord admins to ban the discord? Is that amount more or less than the billions these hedgies were losing?
People just don’t seem to care about their freeze peach and it’s impact on democratic integrity.
Earlier quoted context omitted.
WSB is notorious for also posting a lot of anti-LGBT slurs (for example, one of WSBs favorite insults is calling someone a "gay bear", or more commonly a rainbow emoji followed by a bear emoji, or even calling people f*gs). Also worth noting that the Discord group is so much worse than WSB the subreddit. Sometimes on the Discord server there are just people spamming the N word for no reason.
>WSB is notorious for also posting a lot of anti-LGBT slurs (for example, one of WSBs favorite insults is calling someone a "gay bear", or more commonly a rainbow emoji followed by a bear emoji, or even calling people f*gs). For what is worth, they pretty much never use it actually insultingly, and do not seem to harbor any ill-will against LGBT people (and some of them are lgbt). They also mostly use those words to…
This isn't necessarily inflammatory. It is - like it or not - WSB's culture. It is not meant to be taken literally.
It is a frothy place, full of herd mentality. That is part of the clique. Going against that does incur the same tone of language against you. But it's not for who you are personally. It's the same language they use to describe the "in group", but it _seems_ worse to the out group.
Is the intent to mock people? No. Does it mean anything negative? No, 99% of it is literally re. the financials. Are there bad people in every group? Yes.