I'm really bothered by Discord banning WSB. It's almost petty, like saying that a group of people shouldn't even be allowed to talk to one another because they're too dangerous. It seems like a lot of technology companies are doing all they can to keep people - many stripes of people - from congregating and sharing ideas. I wonder what would happen if these same WSB folks got together in person ... oh..right, they can't. So they can't talk online. Can't gather in person. Can't use social media. It's almost like there's a concerted effort to silence people....
Discord bans r/WallStreetBets server, subreddit went private for a while
461–470 of 1001 posts
Re: Discord bans r/WallStreetBets server, subreddit went private for a while
#462Earlier quoted context omitted.
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.
If a short position goes hard against you the brokerage will make you to put up more collateral (money) and if you can't, then your only other option is to buy back some of your position, so yeah, short sellers can be forced to buy back stock.
That point is kind of the whole point too
Re: Discord bans r/WallStreetBets server, subreddit went private for a while
#463>“hateful and discriminatory content after repeated warnings.” banned for posting memes like https://twitter.com/NorthmanTrader/status/135439073542503628...
The r word isn’t nice. But that cannot be the reason to ban the server. This sounds like an excuse. They mention fraud several times -but say it’s NOT because of fraud— but I almost perceive a wink when they mention it like that.
The fact that you have to say "r-word" instead of "retarded" is embarrassing.
Re: Discord bans r/WallStreetBets server, subreddit went private for a while
#464And 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…
r/wallstreetbets is back online as of now.
The Discord spaces on the other hand have split up into a bunch of other broken spaces.
Re: Discord bans r/WallStreetBets server, subreddit went private for a while
#465And 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…
See, the problem is that people are doing all this because they believe that it doesn’t matter. These are not idealists or indoctrinated revolutionaries. 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…
Mmm is this a comment from the 60s, Chinese people don't dream to come to America, we go back to our homeland to make money sorry to burst buble
Re: Discord bans r/WallStreetBets server, subreddit went private for a while
#466u got some nice racism going on here https://news.ycombinator.com/item?id=25936932
Would you mind reviewing the site guidelines? They specifically ask you not to post like this, but rather to email us if there's something that needs our attention: https://news.ycombinator.com/newsguidelines.html
We detached this comment from https://news.ycombinator.com/item?id=25936214.
Re: Discord bans r/WallStreetBets server, subreddit went private for a while
#467Earlier quoted context omitted.
There is nothing wrong with the word retard. It’s a legitimate dictionary word. Every few years the PC police has to arbitrarily decide that something is morally unfashionable and then they convince everyone that if they don’t replace it with an equivalent string, they’re somehow bad people. It makes no sense and everyone goes along with it. Whatever the current replacement is, that will probably be disallowed in a f…
Can you see how rtard is perhaps similar to the homophobic f-slur? The word is used as a pejorative with the implication that the group it is most commonly used towards (disabled, gay) is being used as a point of negative comparison. While I think we should be aware that the use of language is incredibly context-rich, we also need to recognise that the words we use have side-effects. Would you feel comfortable if a f…
I will speak how I wish to my friends; nobody will ever dictate otherwise.
Re: Discord bans r/WallStreetBets server, subreddit went private for a while
#468Earlier quoted context omitted.
" Don't be snarky. " " Eschew flamebait. " Please stick to the site guidelines, no matter how wrong another commenter is or you feel they are. If we all work together we can avoid flamewar hell, which will keep HN interesting, which is in all of our interests. https://news.ycombinator.com/newsguidelines.html
Not that I necessarily condone the parent, but to be fair dang, the GP probably deserves the same reply at the very least.
I don't see it as quite over the same line. There's something about the snark in the comment I replied to which is a degree worse. The GP was baity but I don't see it as snarky. But I suppose it's close enough that different people could reasonably make a different call.
Re: Discord bans r/WallStreetBets server, subreddit went private for a while
#469And 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…
I wonder if covid has made people view online communities as the public space. In prior years treating an online community as your sole social outlet wouldn't be viewed as healthy. Now it's almost the defacto.
Re: Discord bans r/WallStreetBets server, subreddit went private for a while
#470Earlier quoted context omitted.
Some posts below said that banning for hate speech was really a charade. But if that's true, what's wrong with retail investors pooling their resources to squeeze short? How is it different from a hedge fund pooling resources to flex their muscle of financial engineering?
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 agree with this post. Although the narrative being spun on WallStreetBets and co wants you to believe in a short squeeze, it doesn't seem like any shorts were actually squeezed. This morning, Melvin Capital and Citron successfully exited their positions in Gamestop. Had there been a true squeeze, the whole point would have been to prevent an easy exit and force them to cause the price to balloon out of control. By exiting, they've proven that although shorts were obviously hurt a lot, the fabled squeeze never came. And to analyze it technically, I know a lot of people are repeating the line about GME shorts being xxx% of the float, where xxx > 100. It's cute, but for a stock with such crazy volume as in the past few days, the shorts being above the float doesn't really matter.
Matt Levine seemed to have agreed with this take on Monday: https://www.bloomberg.com/opinion/articles/2021-01-25/the-ga...
And full disclosure, I made a lot of money via GME these past 2 weeks. I'm just not a believer in what's currently being pushed as the truth on social media. To me, GME seems to be a classic case of Tulipmania hiding behind a "short squeeze" mask. It's the latest Bitcoin and no one wants to miss out.