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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

#211

Post by paxys »

lenkite wrote: post #185
dalbasal wrote: post #63

Earlier quoted context omitted.

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…

You just need a few saboteurs coming in and posting "hate speech" on your forum and then reporting the same. Before you know it, you are banned, you have (several) news articles objectifying you as nazis and you are doxxed to high-heaven. The only way you can get back is if you are "friends" with the big-boys or the mainstream media.

The oldest trick in the book for governments and large organizations. Large peaceful protest happening? Send some goons to blend in and cause trouble, and arrest everyone.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#212

Post by Sleepytime »

fireeyed wrote: post #126

The veil of Democracy is coming loose revealing the Oligarchy (I include politicians and their government & media buddies in it)

That would be the state. It's a loose alliance between the corporations, media, government, and religion. They are generally content to try and gain control of the power structure under the guise of weakening one branch or the other, but they never actually attempt to weaken the whole system.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#213

Post by danboarder »

paxys wrote: 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.

As the saying goes, "if it's free, you're the product". And all of these de-platforming moves are in response to 'defective product'. The community they sell to advertisers is acting defective and becomes unsellable, thus that community is tossed out/shut down. Enough other communities remain manageable & sellable, so business continues on.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#214

Post by forgingahead »

pbourke wrote: post #166
forgingahead wrote: post #156

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 ...

Isn't that the irony though? You can continue to use American infrastructure, be it for communication, finance, etc, unless you irritate the wrong people. There are no lack of "Putins" in Anglo countries as well.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#215

Post by pbreit »

pfraze wrote: post #49
paxys wrote: 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…

Who cares?

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#216

Post by mike00632 »

perl4ever wrote: post #205
mike00632 wrote: post #170

Earlier quoted context omitted.

"Let's protest because we can't sink our money into GameStop stock after seeing a stock promoter online hype up the stock!" Do we forget that GameStop is a mall retailer that sells physical copies of video games? This is not the next Amazon or Saudi Aramco. Anyone who is convinced to put their money in GameStop was likely tricked by someone with a financial interest (and that was probably a rich person). This entire…

>likely tricked by someone with a financial interest (and that was probably a rich person) Do we know Melvin got rid of their short position? They might be in a position to get an article published saying they did, while being able to say later it was fake news, and covering it as the stock plummeted today. The article I saw I think had weaselly language about not being able to confirm the losses.

So don't believe what the news says, but instead go with online rumors from stock promoters...

You're literally suggesting a revolution based on this logic.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#217

Post by jonny383 »

pbourke wrote: post #168
jonny383 wrote: post #131

Funny how all of the people spurting out "It's a private company they can do what they want" after banning Donald Trump have now changed their mind about big tech censorship. The precedent of accepted censorship was set and accepted. Deal with it.

I’m far more concerned with deleting an entire group than a single account.

Isn't that the intended purpose of banning Trump? To delete his supporters communication platform?

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#218

Post by djanogo »

mike00632 wrote: post #170
Bakary wrote: post #58

I'm hoping this will create an impetus for social change. Occupy Wall Street failed but now that people's nihilism is increasingly justified and living standards drop, I doubt things will go on as before.

"Let's protest because we can't sink our money into GameStop stock after seeing a stock promoter online hype up the stock!" Do we forget that GameStop is a mall retailer that sells physical copies of video games? This is not the next Amazon or Saudi Aramco. Anyone who is convinced to put their money in GameStop was likely tricked by someone with a financial interest (and that was probably a rich person). This entire…

This is not related to Gamestop as a company. This is about a instrument (GME) which was over leveraged short position, and is way out of balance. Doesn't matter what Melvin says, the short % is there for everybody to see and some one is still very short. Retail investors want to use the said instrument to legally make lot of money.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#220

Post by dankw1z »

pfraze wrote: post #49
paxys wrote: 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…

You captured how I would describe WSB pretty succinctly. It's relatively clever people just not caring to bother with grammar, being correct, making fun of often funny events in the world of MONEY.
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