301–310 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.
I was joking today with one of my buddies: "Give it 24 to 48 hours and they're gonna start claiming that WSB are pedophiles or something".
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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…
> 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.
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>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.
They pay the trolls... It's interesting that this phenomenon is obvious in a commercial situation, but rarely considered in political situations. Are we sure that the activists most salient to social media are anything like the groups they claim to represent?
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…
What? Facebook obviously isn’t a natural monopoly. WSB is mainly on reddit, was active on discord, and congregates elsewhere. I don’t think Facebook should have shut down WSB but that doesn’t make them a monopoly. As for monopoly in general, there’s Tiktok, Snapchat. Clubhouse just raised a big round. The blue facebook app is actually anything but a monopoly, as Instagram (a facebook property) gets much more enthusia…
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It’s more like: First they came for the fascist but I didn’t speak up because fuck those guys. Then they came for the meme stock traders, and what the fuck even is this timeline. Bottom line is corporations are self serving, and the poem doesn’t really hold up to what is happening.
That first paragraph is straight up poetry
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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…
This is not how WallStreetBets started. I joined the community in 2017 and I can tell you, there was high-level due diligence going on that made me wonder if some of the people posting might also be working at large investment banks, but couldn't get these certain trades they were advocating past their compliance guys (at some point, "too risky" starts to overlap in the Venn diagram with "too dumb"). Like every thing…
Quick question: is anything stopping GameStop itself from authorizing a whole bunch new shares and selling them at this all-time-high price? I understand the Redditors trust each other, but what makes them think they can trust GameStop?
My AMC info from Matt Levine, under the "AMC ATM" section of the article. [1]:https://www.bloomberg.com/opinion/articles/2021-01-28/knowin...
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…
What? Facebook obviously isn’t a natural monopoly. WSB is mainly on reddit, was active on discord, and congregates elsewhere. I don’t think Facebook should have shut down WSB but that doesn’t make them a monopoly. As for monopoly in general, there’s Tiktok, Snapchat. Clubhouse just raised a big round. The blue facebook app is actually anything but a monopoly, as Instagram (a facebook property) gets much more enthusia…
Why not?
It fits the definition from the article. “An industry in which high infrastructural costs and other barriers to entry give the largest supplier in an industry an overwhelming advantage over potential competitors”
In case of FB the infrastructural cost is less of an issue, at least not anymore. I think Amazon and Microsoft are capable of hosting at least a dozen Facebooks each on their clouds should they want to. The main barrier to entry which causes that overwhelming advantage is network effect.
Why do they even pretend to give a reason anymore. Just close it. Nobody is buying the "hate speech" "adult sexual exploitation" whatever arguments, and honestly it just makes facebook look like liars. Just delete the group and say: "It violated our terms of service". That's probably also a lie, but at least it's a little less obnoxious.
If you manage a community that is even remotely controversial, you’d better start asking your community for their email address, as an emergency backup. Possibly even ask for their phone number. Though it's tempting, don't message them at all. Just hang onto it. Only use it to if your community is banned and you need to start over somewhere else. Then email/text them the location of the new community.