391–400 of 540 posts
It will be a glorious day when the EU decides to intervene and make them play by the rules. No corporation should hold more sway than the government!
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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…
No it's not market manipulation. Its counter party risk gone awry and the entirety of the internet finding out about it at the same time. 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. Th…
Reality says otherwise. Hedge funds get into trouble at the expense of hedge funds taking the other side of the bet all the time. Their entire business model is based around claiming the ability to beat the market by winning zero-sum bets, and in the long run the more funds they screw over the better their reputation and the more fund management fees they collect. Not going against downward pressure on a security if you think the other fund is undervaluing it and the risk is tolerable is literally leaving money on the table.
As for Citadel, they'll be delighted that a fund got into so much trouble it begged them for a bailout on whatever terms Citadel was willing to offer (and used the funds to unwind its exposure to that market).
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Absolutely! I'm not sure why you replied to my comment with this but I totally believe that Facebook doesn't have any legal or moral requirement to host anything they don't want to. They could literally just punt me tomorrow because they don't like my name and that's their right. Especially because there is no commercial or contractual relationship between us. I am not a customer of Facebook. If you pay for hosting t…
I believe when you sign up to Facebook you need to accept some terms and condition clause - this is the contract which is signed between you and Facebook (Facebook is referring that document when users are banned, so apparently they consider this as contract). Facebook earns money thanks to its users, providing them some service so definitely there should be a contract here. Now, when you look on those T&C, they are…
They got "terms & conditions". This is the contract. Formalising another contract would require legal fees. Is every user willing to pay a lawyer $200 to use FB? (and another $200 for Pinterest, $200 for Twitter, etc.) Is every user willing to pay AGAIN another $200 on the next "T&C Update"? If you think $200 is too much, come up with anothe number, and then multiply it by every free service you/someone uses (Twitter, free-Dropbox, free-Gmail, free-GoogleDocs, free-HN, free-Reddit, free-Viber, free-....).
FB, Twitter, Pinterest usage comes "as-is". We/you are the products. Since when does a super market have a contract with a potato? (I don't mean to insult, but really..).
Unless they (FB, or any service provider - paid or free) clearly discriminates against someone (e.g. "you are man/woman/black/asian/etc. and we don't like people like you here") and then they kick out FB every man/woman/black/asian/etc. person, feel free to sue them (more legal fees.. I see a pattern here) :)
But if it's not a discrimination issue, then please tell me ONE person that hasn't dropped an f-bomb "f... you/this/him/her/them/.." or some other profanity on a FB post, a FB comment, on FB-messenger message. In that spirit everyone is eligible to receive a red card, and it's down to FB to kick someone out anytime they want or anytime they get provoked. E.g. HenryBemis is trashing us on HN.. HenryBemis wrote "f... this ", thus HenryBemis violated the policy about swearing, threatening violence, sexual content, yada-yada-yada.
A couple of days ago we saw a post on someone sending a "accidentally, partial nude photo" over messenger to a friend of his, and this got him expelled from FB. I clearly understand the capabilities of FB vs mine. I think more people should see these facts coldly.
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> 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.
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Make no mistake, Reddit is absolutely loving this. WSB has 3 million new subscribers in the past 2 weeks. The only thing the executives at reddit care about is revenue and hence impressions, which is exactly what they're getting.
>The only thing the executives at reddit care about is revenue and hence impressions Oh please. If that was true, they wouldn't have banned TheDonald, especially so close to the election. That sub drove a huge amount of traffic.
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Serious question: Since Facebook is a private company, does the "if you don't like it, you can build your own platform" argument apply here? Or does that only apply selectively when it benefits partisan politics? The RobinHood $GME situation is the natural next step in societal evolution once extreme censorship is given a pass. If you support the "go build it yourself" argument, you no longer have the right to compla…
Absolutely! I'm not sure why you replied to my comment with this but I totally believe that Facebook doesn't have any legal or moral requirement to host anything they don't want to. They could literally just punt me tomorrow because they don't like my name and that's their right. Especially because there is no commercial or contractual relationship between us. I am not a customer of Facebook. If you pay for hosting t…
Earlier quoted context omitted.
Make no mistake, Reddit is absolutely loving this. WSB has 3 million new subscribers in the past 2 weeks. The only thing the executives at reddit care about is revenue and hence impressions, which is exactly what they're getting.
>The only thing the executives at reddit care about is revenue and hence impressions Oh please. If that was true, they wouldn't have banned TheDonald, especially so close to the election. That sub drove a huge amount of traffic.