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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

#41

> Facebook suspended his group on Jan. 7 after labeling it a “dangerous organization,” according to correspondence seen by Reuters, though the company reinstated its privileges after he appealed to contacts there. What a joke. They're not even pretending to do it under the guise of hate speech anymore.

The definition of a "dangerous organization" now is whether it can lighten wealthy wallets

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#42
post #2

> The notification, seen by Reuters, said without detail that the group violated policies on “adult sexual exploitation.” That's some bullshit right there. Spin the wheel, come up with a random charge, and ban the entire community with zero recourse and no way to appeal.

I was joking today with one of my buddies: "Give it 24 to 48 hours and they're gonna start claiming that WSB are pedophiles or something".

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#44
post #2

> The notification, seen by Reuters, said without detail that the group violated policies on “adult sexual exploitation.” That's some bullshit right there. Spin the wheel, come up with a random charge, and ban the entire community with zero recourse and no way to appeal.

> "with zero recourse and no way to appeal"

Actually, they can try to appeal to the new Facebook Oversight Board.[1] They released their first set of decisions today, overturning some Facebook removals.[2]

[1] https://oversightboard.com/appeals-process/

[2] https://www.oversightboard.com/decision/

More info: https://www.npr.org/2021/01/28/961391277/facebook-supreme-co...

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#45
post #14

Earlier quoted context omitted.

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

That's like say...found your own country no one will try to stop your or won't let you into the UN

Just build your own UN, buddy.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#46
post #2

> The notification, seen by Reuters, said without detail that the group violated policies on “adult sexual exploitation.” That's some bullshit right there. Spin the wheel, come up with a random charge, and ban the entire community with zero recourse and no way to appeal.

It's too bad the same doesn't apply to them. Like the Gov or someone coming along and saying that there is adult sexual exploitation going on on their platform, we're shutting you down and banning you.

Fuck I only wish....can you imagine how much healthier society would be without farcebook.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#47
post #17
post #3

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

People downvoted you but there’s some truth here. There’s only one thing that comes to mind: > First they came for the Socialists, and I did not speak out— Because I was not a Socialist. > Then they came for the Trade Unionists, and I did not speak out— Because I was not a Trade Unionist. > Then they came for the Jews, and I did not speak out— Because I was not a Jew. > Then they came for me—and there was no one left…

It’s more like: First they came for the fascist but I didn’t speak up because fuck those guys. Then they came for the meme stock traders, and what the fuck even is this timeline.

Bottom line is corporations are self serving, and the poem doesn’t really hold up to what is happening.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#48
post #19

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.

Who defines far? Who defines meme'ing?

Facebook and Wall Street

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#49
post #2

> The notification, seen by Reuters, said without detail that the group violated policies on “adult sexual exploitation.” That's some bullshit right there. Spin the wheel, come up with a random charge, and ban the entire community with zero recourse and no way to appeal.

Okay so I completely agree but I want to add something to what’s going on

Half the fun of WSB is that it is enormously offensive. The foundation of the community is that a forum talking about stock investing strategies is, at its heart, really dumb. It’s harder than most people can manage to evaluate all the “DD” flying around and any advice other than playing it safe (r/investing) is stupid to take from a rando on a forum.

WSB’s culture is a reaction which embraces how stupid the exercise is, and then races to the bottom on rhetoric, which makes it all about meme irony. So they (excuse the language) call themselves “retards,” “degenerates,” and “autists” (again, their words). It sometimes gets more offensive from there, but they try to keep the insults self-targeted.

Generally speaking they’re pretty clever and witty in their behavior, but you know how this gets when it goes mainstream. Less clever people show up and attach to the “offensive” part without bringing along the “clever” part.

My general sense is that WSB works hard to moderate within its sensibility so it stays enjoyable, but with the big influx, I’d bet Facebook and Discord are either reacting to behavior which is slipping past the WSB mods due to the influxes, or they’re reacting to the aesthetic without understanding the underlying wit. Another side-effect of going mainstream: it becomes political, and politics is perception. Frankly though, I think most people would enjoy WSB culture right now, given the underdog narrative and the embrace of the irreverent.

If I were Facebook or Discord, I’d trust WSB mods to get things back under control and help them protect the community, not ban it. That said, I’d bet good money their reasons for banning are not evidence-free.

So the real question is, why aren’t these platforms helping WSB mods instead of banning the community.

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