861–870 of 1001 posts
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For numbers, r/wsb had around 2.3m yesterday morning (Wednesday 3 am) and now has 4.3m members, so that's a jump of 2 million new in less than a day.
A big chunk of that are simply bot accounts. There has been a surge of new accounts spamming the sub and trying to manipulate people into selling.
It does feel like a watershed moment regarding hedge funds. This is the first time netizens capitalize on hedge fund short favorites and it has been surprisingly easy to cause an absolute catastrophy in the order of billion losses for them. I heard Melvin Capital may even have gone bankrupt? And how to do it? You get people to invest in a stock that is expected by the industry to go belly up. Seriously. It's that eas…
> And how to do it? You get people to invest in a stock that is expected by the industry to go belly up. A lot of the people involved aren't just buying and holding. They're specifically buying/selling short dated out of the money options in order to move the price. Some understand the market microstructure and the various levers they have to make the price move using what is effectively leverage. > Seriously. It's t…
There is some brilliant analysis on WSB, some rubbish - the usual. But there was great analysis on this post a few hours ago: https://old.reddit.com/r/wallstreetbets/comments/l6n4ay/the_... Assuming it (like others) gets taken down, here's a copy+paste with some cleanup: Note that Discord has had significant investment from private equity funds including FirstMark Capital, Greenoaks Capital Partners, Index Ventures,…
Is this great analysis, or is this random paranoia?
Some folks just have an irrational faith in establishment followijg the rules, even when its obviois that there is noone to police them
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If anything is market manipulation, its shorting over 100% of a company to push down it's share price even lower and destroy the company
How does a low share price "destroy the company"?
This occurred to Lehman Brothers. Different industry, but they got shorted to the point that their clients withdrew their funds and they were left in a position that was ineligible/undesired for most loans.
https://slate.com/news-and-politics/2011/08/does-it-matter-t...
This is really exciting, feels like open standards, independent internet is going to continue getting extreme motivation to expand and establish, with private "freedom of speech" censorship by for-profit platforms. We're going to see more fragmentation, and growth of closed platforms perceived by users as "slightly less evil" such as telegram vs watsapp. This may also motivate the return to truly open internet ideals…
I don't know where you even come up with these outdated ideas. Very few people care about what you are talking about. The subset of people who care are: tech savvy, young, mostly male, and vaguely misanthropic. This demographic is already served in numerous places, and everyone else is rather glad to see these people chased off of platforms they use for sharing videos of dancing and food.
No, very few people care about the ethical implications of what OP 's talking about. But it's pretty hard to not start caring when you become a casualty. OP is saying that if there's enough casualties, maybe it will be the catalyst for a movement.
You don't even need a majority to care. You just need enough people who can't use or refuse to use a particular platform to trigger a mass exodus.
I think it's optimistic that we'll see that with many of the huge, well-established platforms like Facebook or Twitter. But this at least presents an opportunity to get some competing platforms off the ground.
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A few hundred thousands, maybe a few millions at most. A drop in the bucket of internet users
If you look around, tons of communities have been getting banned/quarantined/etc. recently. It began years ago with literal hate groups like FPH or coontown on reddit, pedos on 8chan, later came pickup artists and incels, TheDonald, Chapo Trap House, then Apple, Amazon and Google banning Parler, YouTube and Twitter restricting Trump, and now, finally, even WSB. In isolation, every one of them is a drop in the bucket.…
This is really exciting, feels like open standards, independent internet is going to continue getting extreme motivation to expand and establish, with private "freedom of speech" censorship by for-profit platforms. We're going to see more fragmentation, and growth of closed platforms perceived by users as "slightly less evil" such as telegram vs watsapp. This may also motivate the return to truly open internet ideals…
I don't know where you even come up with these outdated ideas. Very few people care about what you are talking about. The subset of people who care are: tech savvy, young, mostly male, and vaguely misanthropic. This demographic is already served in numerous places, and everyone else is rather glad to see these people chased off of platforms they use for sharing videos of dancing and food.
The alt right, internet strippers, people who like drugs, people who want to talk about stocks, people who want to talk about something their HR dept wouldn’t approve: these people all want free platforms. It’s not just weirdos and trump supporters.
It does feel like a watershed moment regarding hedge funds. This is the first time netizens capitalize on hedge fund short favorites and it has been surprisingly easy to cause an absolute catastrophy in the order of billion losses for them. I heard Melvin Capital may even have gone bankrupt? And how to do it? You get people to invest in a stock that is expected by the industry to go belly up. Seriously. It's that eas…
> And how to do it? You get people to invest in a stock that is expected by the industry to go belly up. A lot of the people involved aren't just buying and holding. They're specifically buying/selling short dated out of the money options in order to move the price. Some understand the market microstructure and the various levers they have to make the price move using what is effectively leverage. > Seriously. It's t…
This exactly what stock market speculation is about, is it?
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> And how to do it? You get people to invest in a stock that is expected by the industry to go belly up. A lot of the people involved aren't just buying and holding. They're specifically buying/selling short dated out of the money options in order to move the price. Some understand the market microstructure and the various levers they have to make the price move using what is effectively leverage. > Seriously. It's t…
Why is the solution always to either shut something down or to regulate? Why is educating people to act more responsibly never ever considered an option?
How would one go about educating people? There's been a lot of ink spilled on this story and it seems to have captured the public's imagination. Not all of the reporting is accurate, but all the major media outlets get out the point that this is essentially reckless market manipulation by a group of loosely banded individuals coordinating online.
I doubt anyone participating in this will cut it out if just told to by some authoritative body.
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> And how to do it? You get people to invest in a stock that is expected by the industry to go belly up. A lot of the people involved aren't just buying and holding. They're specifically buying/selling short dated out of the money options in order to move the price. Some understand the market microstructure and the various levers they have to make the price move using what is effectively leverage. > Seriously. It's t…
> They're specifically buying/selling short dated out of the money options in order to move the price. This exactly what stock market speculation is about, is it?