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Facebook shuts popular stock trading group amid GameStop frenzy
151–160 of 540 posts
Re: Facebook shuts popular stock trading group amid GameStop frenzy
#152Earlier 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
No, it's not.
For instance:
Re: Facebook shuts popular stock trading group amid GameStop frenzy
#153Earlier 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…
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’s not fishy at all. everything that’s happened has caused these communities to grow exponentially to unprecedented levels. tripling or quadrupling in size. It’s like asking why a house party of a dozen people doesn’t get raided by the cops and a party of hundreds does.
Re: Facebook shuts popular stock trading group amid GameStop frenzy
#154Earlier 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
Today I saw: Common Folk: We want a chance at financial stability." Rich Folk: "Invest your money." Common Folk: "OK, GME it is." Rich Folk: "Wait. Not like that. Stop. This clearly must be outlawed."
Characterizing this as a "rich folk" vs "common folk" issue is hilarious. Aside from the early "common folks" that cashed out, there's also plenty of "rich folks" that cashed out as well[1]. As for the losers, well the hedge funds who were shorted initially definitely lost money, although it remains to be seen whether the "rich folk" hedge funds who shorted this week lost money. It also remains to be seen whether the "common folks" that piled on this week are going make a profit or are just going to be bagholders.
[1] https://www.marketwatch.com/story/large-gamestop-shareholder...
Re: Facebook shuts popular stock trading group amid GameStop frenzy
#155"Shut it down."
Re: Facebook shuts popular stock trading group amid GameStop frenzy
#156If people are wondering what other options there out there to protect WSB and other groups from obnoxious band like this, might I suggest Mastodon? You can self host and be a part of the network. The tricky part to replicate the user capacity for WSB would probably require a lot of build out and probably someplace the servers can’t be killed by the ISP or data center (Russia?). I along with a few other friends have m…
I find it striking that a solution proposed at times like this is to depend on infrastructure in a foreign land, specifically Russia.
This is not a dig at you at all - in fact you're probably right, but it is certainly striking that after all these years, people are seriously suggesting Russia as a "freer" alternative to American/Anglo systems.
Re: Facebook shuts popular stock trading group amid GameStop frenzy
#157Facebook 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…
People said the same thing about MySpace.
Facebook is trivial to leave (I haven’t been on it in years now). It was not trivial to change to a different railroad, plumbing provider, etc.
Re: Facebook shuts popular stock trading group amid GameStop frenzy
#158Earlier quoted context omitted.
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..)
The one time I believe you are referring to is when Cloudflare banned the Daily Stormer, which is a far-right, neo-Nazi, white supremacist, misogynist, and Holocaust denial message board website that promoted the genocide of Jews. It went far beyond the domain of free speech into advocating violence against people, not to speak of its horrific hatred and racism. Reason enough for anyone to ban it.
yawn. they still banned someone they didn't legally have to.
Re: Facebook shuts popular stock trading group amid GameStop frenzy
#159> 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.
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Re: Facebook shuts popular stock trading group amid GameStop frenzy
#160There used to be a guy on Twitter/Facebook/other social media who kept harping about how the system was rigged....
> used to