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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

#441

Post by jodrellblank »

unanswered wrote: post #361
ashtonkem wrote: post #186

Earlier quoted context omitted.

Risk of SEC involvement. This admin is probably nowhere near as lenient on this kind of stuff as the last was, and the recent nonsense with GameStop is probably bad enough to attract negative regulatory attention.

This admin's official response to the GameStop situation was literally "Our Treasury Secretary is a woman!" https://twitter.com/Quicktake/status/1354496816738422789

Lie of omission, transcription of the relevant part of the video for anyone who doesn't click, Jen Psaki said: "I'm also happy to repeat that we have the first female treasury secretary and a team that's surrounding her, and often questions about market we'll send to them, but our team is of course - our economic team including Secretary Yellen and others - are monitoring uh the situation. It's a good reminder though that the stock market isn't the only measure of the health of our economy" [etc].

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

#442

Post by CyberRabbi »

tylerjwilk00 wrote: post #420
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…

Don't kid yourself. It was intentional. We should all be getting really worried about these platforms. You feel that cold breeze? The future is coming and it's chilly.

I have a different view. This will create a need for better decentralization tech. That’s a warm future to me.

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

#443

Post by jjordan »

cesarb wrote: post #170
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.

I have an alternative theory: the events of three weeks ago in the USA made these platforms much more trigger-happy than usual. Where before they might have let it slide, nowadays (and for a while) they will want to take no risks.

As of now there have been few repercussions for turning the knob up on censorship. Power begets power, and we'll see whether or not it burns them in the end.

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

#444

Post by Semaphor »

For those wondering why the sub went private for a time:

> We have grown to the kind of size we only dreamed of in the time it takes to get a bad nights sleep. We've got so many comments and submissions that we can't possibly even read them all, let alone act on them as moderators. We wrote software to do most of the moderation for us but that software isn't allowed to read the Reddit new feed fast enough and submit responses, and the admins haven't given us special access despite asking for it.

-- https://old.reddit.com/r/wallstreetbets/comments/l6j4r9/wher...

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

#445

Post by [deleted] »

dpumpshitlord wrote: post #322
tidepod12 wrote: post #9

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.

Fag

[deleted]

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

#446

Post by bgorman »

Rapzid wrote: post #415
cbozeman wrote: post #263

Earlier quoted context omitted.

The worst, or maybe the best, part of your post is that you don't realize the American youth from the 60s literally created this generation with their greed and entitlement.

The counter culture was a minority. Recognizing that is crucial to understanding the current climate. It just so happens the creative output from those aligned with that culture has dominated more recent generations(Sesame street, Free Willy, Fern Gully, all that). In a sense "they won". But those not on-board are still around, and there is a lot of resentment. I'm only 36 and while I was raised on this stuff but eve…

Do you have any sources for this? I am interested in learning more

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

#448

Post by bobby_bob »

oehpr wrote: post #374
SpicyLemonZest wrote: post #273

Earlier quoted context omitted.

There wouldn't be anything wrong with that. There'd be a lot right with it, honestly - I would be trumpeting it as a clear victory of the little guy over snobby funds who don't think anyone else can understand finance. But what's happening right now is almost certainly a pump and dump with a short squeeze as a facade. I've seen a lot of commenters who seem to be grievously misled about the actual mechanics of a short…

I haven't heard anything to suggest that the short sellers are forced to buy back the stock either. This is a stock has clearly caught public's attention, Once the hype cycle is over, why wouldn't it regress to the mean? Who's going to believe that the stock stays at this level over the long term? Fun to talk about though. This is a very entertaining story.

Also fun, Australian company "GME Resources", trade on the ASX as GME, got to 40% up from its Monday opening price.

I wonder if this is a clever-ish social media algorithm trading, shrewd fund managers or really just desperately mistaken retail traders.

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

#449

Post by gjs278 »

snet0 wrote: post #239
Tenoke wrote: post #36

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). 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…

My prior for the majority of a reddit-based Discord server community being pro-LGBT is so astronomically low that the usage of that kind of language is unsettling to say the least. I'm sure there are plenty of well-meaning people just participating in the banter and picking up the 4chan lexicon, but I'm also sure there are a lot of people that use these words with no irony or awareness. It's like being scared to make…

god just logout. why did we let people like you on the internet?

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

#450

Post by astauf5 »

easton wrote: post #100
xiphias2 wrote: post #52

Earlier quoted context omitted.

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.

One's opinion is driven by everyone else's sentiment. Seeing literally everyone post "HOLD THE LINE" and "BUY THE DIP" and "TO THE MOON" will make you do the same.

If you don't see this, then you don't know if these people are still your allies.

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