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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

#112

Earlier quoted context omitted.

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

I think this is taking too far into what I was intending. I am all for removing violence and terrorism groups from social media. At the same time, I am against censorship from these companies in other matters. The responses here are disgusting, contemptful and vile for what I thought was a reasonable stance.

Whoever gets to decide what's "violence and terrorism groups" can just remove whoever they want. So your stance, combined with centralization, immediately leads to tyranny.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#113

Facebook is a natural monopoly: https://en.wikipedia.org/wiki/Natural_monopoly No matter how they treat users, people won't leave due to network effect. I don't believe the problem is solvable with more tech or free market. I think the only way forward is political, with laws and regulations. Long ago railroad networks, water pipes networks, and landline phone networks were private companies free to do whatever they…

> Long ago railroad networks, water pipes networks, and landline phone networks were private companies free to do whatever they please with the property they own. I agree about social networks, but I'm not sure how good of an argument this is. In the US all those things (railroads, water networks, landline) have gone to crap.

Are you looking around? So is Fakebook.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#114
post #86

Are there any good decentralized message boards? Biggest question seems to be how does the community deal with spam (and spam taking a large amount of space). But other than that I could see a lot of people willing to host nodes for free.

Doesn't need to be decentralized, just a phpBB forum behind Cloudflare would still work. Cloudflare is one of the few companies that hasn't become censor-happy (except that one time..)

Cloudflare helps dictators stay in power, but sure is nice for marketing to roll on “freedom of speech”

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#115

Earlier quoted context omitted.

Just build your own website bro Just build your own host bro Just build your own financial banking system bro just build your own social media platform bro just build your own payment processing platform bro just build your own internet infrastructure bro

And when you do those things, they will be shutdown. Bye bye Parlor.

Bro just build your own AWS

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#116

Earlier quoted context omitted.

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

Just build your own website bro Just build your own host bro Just build your own financial banking system bro just build your own social media platform bro just build your own payment processing platform bro just build your own internet infrastructure bro

you forgot the most important one:

orb otpyrc nwo ruoy dliub tsuj

it's a good place to start because it's easy and can give confidence for tackling the harder ones

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#117

Earlier quoted context omitted.

I think this is taking too far into what I was intending. I am all for removing violence and terrorism groups from social media. At the same time, I am against censorship from these companies in other matters. The responses here are disgusting, contemptful and vile for what I thought was a reasonable stance.

Whoever gets to decide what's "violence and terrorism groups" can just remove whoever they want. So your stance, combined with centralization, immediately leads to tyranny.

Do you think Judges who interpret laws should also be abolished? Because there is a lot of ambiguity in the law and we need the justice system to interpret and carry out laws.

Are you for Anarchy? otherwise, people in position will decide a lot of things for you including truth.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#118
post #49

Earlier quoted context omitted.

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…

> 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, This is possible, they are a victim of their own success in a way... or The banks are looking for a way—any way—to shut them down. This is costing millions of dollars. Paying a…

Given the number of new people being the size of a substantial city, the worst of them is statistically guaranteed to be worse than the most horrible professional troll, I would argue.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#119
post #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…

> Half the fun of WSB is that it is enormously offensive.

That's the way 4chan presented too, and it turned out that the community wasn't entirely as ironic as its members claimed.

Cultures turn toxic really, really fast. And this kind of "ironic offensiveness" turns into a shield for genuine hate in a way that even long term participants don't notice until it's too late.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#120

Earlier quoted context omitted.

Agreed on WSB culture but.... The "real question," imo is not about how FB, discord or reddit handle WSB's culture. It's why have they all decided to act right now, just as this gamestop maneuver is happening? That is the fishy part... and it's too fishy to leave it unaddressed and talk content. Either way, this just shows why we can't have a handful of companies moderating most of the internet under a TOS regime.

It might be fishy but there is also a lot new interest in WSB and everything related. So much interest that /r/WSB voluntarily shut themselves down for a while because they couldn't handle the moderation situation. So why it's happening now can more multifaceted than the more conspiratorial reasons. Even increased media attention is enough for someone to act -- The Hackernews community uses that all the time to get a…

Sure. I don't mean that it's unequivocally part of a conspiracy. But like I said, It can't go unaddressed. This isn't a Hacker news story about a banned app. It's international news, and the news isn't about WSB's (admittedly) bad language.
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