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Facebook shuts popular stock trading group amid GameStop frenzy

reuters.com

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Re: Facebook shuts popular stock trading group amid GameStop frenzy

#21

I can see why shutting down far right wing extremist groups can be justified (or for that matter, far left wing extremists as well). But some folks meme'ing about stocks? Come on. Edit: If you're spewing hatred on me for some kind of retribution, shame on you. This isn't a place for that.

Fence-sitters like you are who gave them this power in the first place. Free speech is not "ban who you don't like but allow what I like." It's all or nothing.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#23

I can see why shutting down far right wing extremist groups can be justified (or for that matter, far left wing extremists as well). But some folks meme'ing about stocks? Come on. Edit: If you're spewing hatred on me for some kind of retribution, shame on you. This isn't a place for that.

It turns out that handing the public square to centralized control ends badly. Who knew! You reap what you sow.

You know, you can be against Facebook providing a platform to extremist/neo-nazis groups, and also think Facebook has overall too much power and presence.

It's not "you reap what you sow" and you're not handing GP some funny "gotcha". It's just plain obvious decency.

Some people don't get that, and then they're surprised that most normal humans think it's suspicious, as if they don't get it on purpose. Then they get upset because they start to look like nazi sympathizers.

That is what "you reap what you sow" looks like.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#24

Earlier quoted context omitted.

"It's a private company, they can do what they want!"

I don't think the people who came up with that rule really accounted for one company becoming the main channel of communication for the human race.

People were using the argument five years ago, 4,3,2, yesterday. Whenever one of these monopolies does something to A that B approves of and A objects, B comes out with IAPCTCDWTW.

People generally seem love to make excuses for Power when it's stepping on people they don't like, and are then somehow surprised when Power turns around and crushes them.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#25
Why do they even pretend to give a reason anymore. Just close it. Nobody is buying the "hate speech" "adult sexual exploitation" whatever arguments, and honestly it just makes facebook look like liars.

Just delete the group and say: "It violated our terms of service". That's probably also a lie, but at least it's a little less obnoxious.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#27
post #14

Earlier quoted context omitted.

"It's a private company, they can do what they want!"

If you don’t like it, build your own stock market.

You literally can't because of government regulations, although spinning up your own self-hosted community hasn't been regulated yet and is fairly easy.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#28
post #3

It was fun when Trump was banned from Twitter, but now I’m mad about WSB!!

Orange man still bad. Most haven’t realized that the establishment used every trick in the book to install their preferred patsy. They will understand in time.

Yes, I can’t believe how they treated the orange man who was such a great warrior in service of truth, justice, and shining American success.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#29
Meh, in my opinion (and probably legally too) they can do whatever they want, it's their platform.

Not that this was your intent but wanted to comment on what I've seen a few places around the internet -

I've seen various comments online comparing this to Robinhood shutting down people's ability to buy certain stocks, or their clearinghouse forcing it, etc. I don't think they are comparable.

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