181–190 of 540 posts
> 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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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.
the demonstrated power and financial success of WSB, even if fleeting and temporary, provides a lot of implicit credibility and validation to the "retard/YOLO" non-PC culture of WSB. The modern society worships success, and the people pay oversized attention to what successful people do - like what they eat, how exercise, how they stay motivated, etc. And now instead of respectable, successful, well dressed, educated, smart, cool, etc. Wall Street-ers a bunch of "retards" crawled from under the rock, teared a new one to those Wall Street-ers and got right on top of that podium of success veneration and idolation (like the "nerds" did 20 years ago with their tech startups). No surprise all the establishment (which these days naturally includes successful "nerds" of the previous generation) fights back. The established interests are always scared of changes, and especially when changes look like paradigm shift (while we wouldn't know for quite some time whether it is a true paradigm shift or just an aberration, the scare is real)
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…
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.
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"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
> 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.
When everyone is a criminal, anyone can be arrested. The reddit mods have basically made this charge, in their own special WSB way. It's impossible for moderators to fully control large groups, subs and such. Some bannable comments will always be present, and they are limited by whatever moderation tools they get from reddit. Meanwhile, the idea that discord, reddit (throttled not banned) and FB all simultaneously an…
The only way you can get back is if you are "friends" with the big-boys or the mainstream media.
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…
- Ban businesses engaged in online advertising from compiling real world data / mixing physical world data with the online profiles of users
- Ban businesses engaged in online advertising from building profiles of people who have not opted into their platform; require permanent removal of all data within 30 days of any user leaving their platform
- Require businesses provide human based appeal process to any user or business that spends or earns $1,000 in a year before suspending or terminating an account
These could even be done at the state proposition level, absent state authority
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…
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It's messy, but there's no way around the mess without forcing companies to host content they don't want to host. Freedom of association is as important as freedom of speech.
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If you put too much comparative value on keeping the boot on Bad People's necks, you'll help close off methods to shift influence away from e.g. Facebook. If a lot of people move to e.g. the fediverse facebook equivalent, that shifts power away from facebook and makes it harder to deplatform people. So your two listed goals are in competition. That's why I'm saying you reap what you sow: you wanted a world where peop…
> 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…
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.
Largely because the "gamestop maneuver" has inflammed an already excitable community and things are likely bubbling over right now in a way that they wouldn't be if people hadn't just bet thousands of dollars on a tulip scam. And let's not euphemize this, it's not a "maneuver", it's market manipulation. Coordinating a collective buy to effect a short squeeze is clear market manipulation. Enticing a horde of gullible…
In my view, hedge funds have implicitly colluded for years on short positions because it's in their best interests not to screw each other over the long haul. Imagine going against Citadel as a fund. Your career is over. The fact the short interest rose to 140% is proof of that.
This trade should have been shaken out sooner, but no one would dare given the powers that be who were backing it. Also, consider the bond holders as true original victims here. Is it right that they had people artificially putting downward pressure on the security of a company that is indebted to them? If you believe in reflexivity, this is depriving lenders of a fair security valuation, which is an asset of sorts, and further driving them towards a delisting or bankruptcy.