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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

#411

Post by perryizgr8 »

Karsteski wrote: post #407
perryizgr8 wrote: post #98

Facebook is a non governmental company and is absolutely free to decide who is allowed on their platform. If wsb don't like it they can just go and make their own Facebook.

This is such a tone deaf comment that I'm surprised people are still making it. This problem is far deeper than just "go make your own Facebook". It has gotten to the point that these giant corporations are able to influence elections in whatever direction they think is "right", they are able to shut down speech, on what is now a de facto town square, and they are able to deplatform their own competition based on acc…

Sorry it wasn't clear, my post was supposed to be a clever commentary on the situation a few weeks ago when twitter/fb/amazon were blatantly banning people and organisations based on political ideology. And people over here were giving this argument in support, but now seem to be outraged.

> It has gotten to the point that these giant corporations are able to influence elections in whatever direction they think is "right", they are able to shut down speech, on what is now a de facto town square, and they are able to deplatform their own competition based on accusations of harbouring "hate speech activists".

I agree 100%. Twitter/FB/Google are too big, they are monopolies. They must be held to a higher standard or be broken up. Either become "public squares" where my freedom is protected or get broken up into 100 different networks.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#412

Post by pelliphant »

dalbasal wrote: post #93
pfraze wrote: post #49

Earlier quoted context omitted.

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.

Why is it fishy?

A week ago, nobody what so ever, cared about WSB.

Today, I just had a conversation with my dad about WSB... Everyone is talking about it, I'm not surprised that someone even talked about it on some facebook board-meeting or whatever...

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#413

Post by nojokes »

1-6 wrote: post #331
MichaelApproved wrote: post #89

Earlier quoted context omitted.

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.

Keeping a record of phone numbers or email is asking for trouble when you get audited. Keep it more random than that and encrypted.

Can you elaborate?

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#414

Post by harry8 »

notahacker wrote: post #396
harry8 wrote: post #176

Earlier quoted context omitted.

>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.

The supply of volunteer trolls is near unlimited, especially on subreddits with edgy cultures, an influx of newbies who don't understand it and a lot more attention than usual. Why would they bother paying?

>Why would they bother paying?

To make super-sure that the currently fashionable unspeakables are well and truly said. Stalinist trolling would have done the job in the past, fascist trolling now.

Of course if you can already point at it you might proceed straight to getting some momentum behind the outrage with some astroturfing and making sure there's more than one media story focusing on that very small amount of trolling as "the story". This is not much trouble to go to for the sums of money involved. Enron closed whole power stations, many of them, to rape California on electricity derivatives. The sums here are measured in billions, there's not much that would be too much trouble.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#415

Post by morlockabove »

scrollaway wrote: post #171
morlockabove wrote: post #106

Earlier quoted context omitted.

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- wi…

I get wanting to crush untouchables; I just think it's a hysterical stance to take vis-a-vis something like FB. You're not having the King "do something about taxes"; you're having him go on witch hunts.

I'm suspicious about how much witch-hunters actually want the king gone, or whether they wouldn't want to replace him with a cheka later. They have a vested interest in power staying centralized. This all makes it a lot funnier when it's their sister being burnt at the stake. Someone might even break out a saying.

With how evasive you're being, I can only assume your stances would cast you in an unfavourable light, similar to the guy who's "Just asking questions about race".

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#416

Post by concordDance »

google234123 wrote: post #32
morlockabove wrote: post #7

Earlier quoted context omitted.

"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

Isn't it illegal to make your own financial system? I'm under the impression that it's one of the big levers of power the US government has (those "sanctions" you hear about), can't imagine them letting it be weakened.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#417

Post by morlockabove »

thaumasiotes wrote: post #381
google234123 wrote: post #32

Earlier quoted context omitted.

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

> Just build your own financial banking system bro Nobody says this; attempting to build your own financial banking system is one of the most illegal things you could do.

Just starve bro

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#418

Post by llampx »

encom wrote: post #384
colinmhayes wrote: post #149

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.

The Donald subreddit was big, but the writing was on the wall that Trump was about to lose, and /r/politics + /r/SandersforPresident + /r/AOC have always been bigger and more popular. It was a very easy decision for reddit.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#419

Post by morlockabove »

tarkin2 wrote: post #121
morlockabove wrote: post #7

Earlier quoted context omitted.

"It's a private company, they can do what they want!"

Yes. They are a private company. Yes they can do what they want. And people can critizise. It was the same with Trump and it is the same now.

How does zuck's zuckle taste?

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#420

Post by concordDance »

vyhd wrote: post #323
jlawson wrote: post #162

Earlier quoted context omitted.

[flagged]

> "But they're really really actually super-duper truly totally bad!" isn't a valid argument, since many, many people can use it and they will. It is absurdity to make the claim that, since anyone can say anything, no meaningful concept of objectivity can exist. Interesting how often it recurs in "free speech at any cost" argumentation.

Objectivity applies to positive statements, not normative ones.
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