>We were first on the picking tree to be cut off because we are on Facebook, not a free platform like Reddit
Members of /r/TheDonald would likely disagree with this sentiment.
Facebook shuts popular stock trading group amid GameStop frenzy
231–240 of 540 posts
Re: Facebook shuts popular stock trading group amid GameStop frenzy
#232Earlier quoted context omitted.
Today I saw: Common Folk: We want a chance at financial stability." Rich Folk: "Invest your money." Common Folk: "OK, GME it is." Rich Folk: "Wait. Not like that. Stop. This clearly must be outlawed."
Characterizing this as a "rich folk" vs "common folk" issue is hilarious. Aside from the early "common folks" that cashed out, there's also plenty of "rich folks" that cashed out as well[1]. As for the losers, well the hedge funds who were shorted initially definitely lost money, although it remains to be seen whether the "rich folk" hedge funds who shorted this week lost money. It also remains to be seen whether the…
This doesn't deserve to be downvoted. Lots of rich investors are using this as an opportunity to further enrich themselves. The narrative that this is "David vs Goliath" is only partially true; in reality it's Goliath vs Goliath, except one of the Goliaths has David strapped to his chest to absorb any blows.
Re: Facebook shuts popular stock trading group amid GameStop frenzy
#233The issue with Facebook you see is that they (along with most huge tech corps) have become this weird amalgamation between fascist and communist. They're a private company that controls WAY too many assets, with way too much unregulated/unchecked power. They want equality for all, but yet they're willing to suppress every man's voice in order for their own mission, whatever that is. Their agenda ranges from personal…
If you think that big tech is bad, wait till you learn about Wall Street, the military industrial complex, the two political parties, the medical industry, etc, etc, etc...
Re: Facebook shuts popular stock trading group amid GameStop frenzy
#234Why 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.
Or just delete it and be honest: "Our VP's rowing crew buddy from Harvard who now works at Citadel asked us to shut this down and he's more important than you."
Re: Facebook shuts popular stock trading group amid GameStop frenzy
#235Earlier quoted context omitted.
> 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…
For at least two centuries there has been a prevailing thought in American culture that supporting free speech is only an honest claim if it means supporting people you disagree with. Free speech is by definition not free if one monopoly controls the square. The ALCU has fought for freedom of speech for many years for the exact kind of people the left despised then and despises now. I would really ask you to re-analy…
I know perfectly well what the GP meant. And I'm not american. And I've done my share of defending vile people because of principles.
> your favorite pair of steel galoshes
Get your assumptions out of here if you want this to be a discussion, please.
Re: Facebook shuts popular stock trading group amid GameStop frenzy
#236Earlier quoted context omitted.
> My general sense is that WSB works hard to moderate within its sensibility so it stays enjoyable, but with the big influx, I’d bet Facebook and Discord are either reacting to behavior which is slipping past the WSB mods due to the influxes, This is possible, they are a victim of their own success in a way... or The banks are looking for a way—any way—to shut them down. This is costing millions of dollars. Paying a…
What banks? And why banks? Banks are not involved in the short squeezes at all.
I agree with your skepticism but it is possible, even likely, that maple and melvin were levered as part of their short strategy.
I think its far more likely that the poison would be released by funds themselves, but do not think for a second that banks will not intervene to safeguard their revolvers...
Re: Facebook shuts popular stock trading group amid GameStop frenzy
#237Earlier quoted context omitted.
People downvoted you but there’s some truth here. There’s only one thing that comes to mind: > First they came for the Socialists, and I did not speak out— Because I was not a Socialist. > Then they came for the Trade Unionists, and I did not speak out— Because I was not a Trade Unionist. > Then they came for the Jews, and I did not speak out— Because I was not a Jew. > Then they came for me—and there was no one left…
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.
> First they came for the fascist
They told you they were fascist and you believed them. Right now there are people calling WSB a bunch of nazis. See how it works?
Re: Facebook shuts popular stock trading group amid GameStop frenzy
#238Earlier quoted context omitted.
>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.
Yes I trust edgy trolls on Reddit more than the entire media establishment. They are more trustworthy.