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Facebook shuts popular stock trading group amid GameStop frenzy

reuters.com

171–180 of 540 posts

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#171

Earlier quoted context omitted.

> So your two listed goals are in competition. That's why I'm saying you reap what you sow: you wanted a world where people can be deplatformed, and you got it. I don't "want a world where people can be deplatformed". I am 100% in favour of better censorship resistance, open messaging, etc and I 100% think whatever "bad" comes out of a system like that would be far outweighed by the good it brings. But that doesn't m…

You don't want a world where people can be deplatformed, but you want facebook to deplatform people? If I built an uncensorable distributed/federated FLOSS Facebook equivalent (fedbook?) with distributed moderation (personalized so it censors out the things that would offend you/spam from your feed, or whatever you set it to) and it became popular, would you be for that? Do you think it that Hateful Ideas wouldn't be…

You're asking me to take a position on your completely hypothetical and theoretical social network. This is no more useful than asking me whether I'm in favour of the universe being a simulation.

I'm in favour of you building it. Then let's see what happens. Does that answer your question?

> I just don't see how whatever advantages you claim facebook has given to 'assholes', it hasn't given to e.g. BLM twice over- with feeds tuned to engagement and rage etc. and also the Official Blessing.

What of it? I've already said Facebook has too much influence. You can be against having a king, and in favour of the king doing something about, idk, taxes.

> Would you deny facebook to everyone if you could, because the shape of facebook-like sites is corrosive to the mind in and of itself, in a way that private chatrooms aren't?

This is such a weird question. Are you asking if I'm in favour of Facebook existing? I already said I'm not. Or is your question "if you were King of the World & Master of the Universe, would you make Facebook disappear?", which, again, this isn't the Matrix.

These aren't useful questions, you're just trying to figure out what my stances are. My positions don't matter. I'm just trying to try to help you understand a concept which is incredibly easy to grok to a lot of people.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#173

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…

Social networks come and go. There's an entire new generation of people who don't use Facebook. It would be solvable with the free market as long as we don't allow big companies to consistently purchase their own competition.

Yeah, well, Facebook did indeed buy some other social networking companies. I don't pay any attention to them, but how many people who don't use Facebook are also not using any of their brands?

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#174
post #72

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Discord has since taken the stance of helping the mods, instead of permaban. I liked hearing that news earlier today. https://www.theverge.com/2021/1/28/22254339/discord-r-wallst...

That’s really encouraging to hear

Perhaps, but not as encouraging as a migration to self-hosted Matrix servers on traditional paid dedicated/virtual server hosting that's much less interested in policing its customers' content than platforms are.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#175
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…

No the community is genuinely toxic and that is the fun of it. It’s boorish offensiveness, not some ironic satire. This is what gives it its power however.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#176

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.

> 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? Because when you're short a few billion on a position, and your counterparty is a toxic stream of garbage, its a profitable strategy to paying someone to report all the toxic b.s. and disrupt their organization. In 2021, we figured out ho…

>pay content moderator salaries!

No. They pay the trolls to make content moderation a misery

They don't want the content moderated, that's the excuse to shut down the thing that outsmarted them.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#177
post #136

Earlier quoted context omitted.

Please don't be rude and blameful. Also, freedom of speech cannot be all or nothing: https://en.wikipedia.org/wiki/Paradox_of_tolerance

Agreed, the wallstreetbets guys are bullying innocent rich people and they have to be stopped.

That is what they are saying, isn't it... while they are promoting stocks they have a financial interest in.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#178

Earlier quoted context omitted.

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.

I’m sure it’s as free as a bird until you begin to criticize Putin ...

Well luckily the groups fleeing to host servers there have no reason to do that. When they want to criticize Putin they can do it from American servers.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#179
post #114
post #86

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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”

That’s the price to pay when you don’t take political stances. The free speech approach is to just leave the dictator’s page up and let opposition pages stay up as well.
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