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

Post by fractionalhare » Thu, Jan 28, 2021, 1:20 PM UTC

comeonseriously wrote: post #878

bko wrote: post #869

Earlier quoted context omitted.

I'm not arguing that shutting down or regulating is the best solution, but it is the most likely outcome. 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 bande…

> ... essentially reckless market manipulation by a group of loosely banded individuals coordinating online. You're talking about the hedge funds, right?

Post by fractionalhare » Thu, Jan 28, 2021, 1:21 PM UTC

ballenf wrote: post #882

thr0waway2 wrote: post #872

Earlier quoted context omitted.

Not when moving the price is the goal. If you trade specifically to create an unfair impression of the supply and demand of a stock that's market manipulation. Thing is no one is going to prosecute a randomer on the internet for throwing $5k at an option especially when there's no proof that it was done in bad faith.

I just don't get how WSB is engaging in market manipulation more than the 136% shorts were.

Post by RobRivera » Thu, Jan 28, 2021, 1:22 PM UTC

Traster wrote: post #714

NotPavlovsDog wrote: post #669

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…

People need to stop being so lazy and throwing around the word censorship. If a bunch or teenagers come into my coffee shop and start loudly calling each autists and retards I'm going to kick them out. I'm not censoring them by kicking them out.

Post by anoonmoose » Thu, Jan 28, 2021, 1:22 PM UTC

jeegsy wrote: post #887

mewse wrote: post #770

Earlier quoted context omitted.

> The internet needs a true public square Honest question: why?

For one thing, conversations are a lot easier to have when there is an implicit rule that context is always considered when evaluating word usage. For example, the word 'autist' in the context of 'stonks' and 'wsb' is not understood to mean an attempt to mock people with disabilities and therefore unlikely to get anyone offended as a result.

Post by Yizahi » Thu, Jan 28, 2021, 1:24 PM UTC

jug wrote: post #777

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…