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> 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.
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It might be fishy but there is also a lot new interest in WSB and everything related. So much interest that /r/WSB voluntarily shut themselves down for a while because they couldn't handle the moderation situation. So why it's happening now can more multifaceted than the more conspiratorial reasons. Even increased media attention is enough for someone to act -- The Hackernews community uses that all the time to get a…
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…
Re: Robinhood, it is a completely different story. What Robinhood did in this case is market manipulation. They only allowed people to sell the stock and not to buy it. That is (I think) illegal.
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>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.
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The definition of a "dangerous organization" now is whether it can lighten wealthy wallets
When the music stops, it's also going to lighten the wallets of many of the amateur investors. These groups quickly degrade into memes about how buying and holding these stocks forever will make people rich. They chastise anyone who even considers mentioning an exit strategy. When the stock begins to decline, early investors in these groups will quietly exit while using the group to convince others to "buy the dip" a…
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When the music stops, it's also going to lighten the wallets of many of the amateur investors. These groups quickly degrade into memes about how buying and holding these stocks forever will make people rich. They chastise anyone who even considers mentioning an exit strategy. When the stock begins to decline, early investors in these groups will quietly exit while using the group to convince others to "buy the dip" a…
That's not really what this is about though. It's not about pardon the pun..Robin hooding the wealth from the rich to the poor, it's about casting light on practices that are disproportionately in favor of the wealthy. Hence bans on groups trying to do this in clever ways.
Do you really think Redditors are YOLOing thousands of dollars into a stock with the understanding that they’re going to lose most of it? Are they really spending thousands of dollars on some laughs?
No, they’ve been convinced that this trade is free money. They’ve also been convinced this money is coming from evil bad guys, ignoring the influx of cash from fellow Redditors.
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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.
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?
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I've heard this criticism a lot, including the opposite accusation that he was a dictator/fascist/autocrat. We'll never know whether the situation was as you described, a big con to absorb the real middle-class frustrations of large segments of the population, or whether he was too naive to properly appreciate how corrupt the system is, and how the odds were stacked against him implementing any change. *Edit, in any…
> whether he was too naive to properly appreciate how corrupt the system is Oh, there's no question that he was naive, but you're betraying your own naivete here. Who do you think rigged the system in the first place, if not Donald Trump and his ilk? Was he merely naive when he signed off an a trillion-dollar tax break for the wealthy and an ongoing tax increase for everyone but the wealthy? What else could anyone ha…
• The double-digit percentage decreases in average tax liability started with a 12.5% drop for people making $15,000 to $20,000 a year. Double-digit percentage reductions in liability continued for people making $25,000 to $30,000 (down 11.2%) through $100,000 to $200,000 (down 10.96%).
• Taxpayers making between $40,000 and $50,000 a year had the largest fall in average tax liability, a 14.5% drop, while high-end households making between $250,000 and $500,000 had the second largest decrease, with a 14.4% liability reduction.
• Taxpayers making at least $1 million had a 4.3% decrease in average tax liability.
Source: https://www.marketwatch.com/story/this-is-how-much-american-...
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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.
If someone showed me an article that made definite claims based on verifiable evidence about what Melvin did, then I would revise my opinion.
But I kind of think that it's hard to be sure because any standard disclosure has a significant lag.
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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…
> So the real question is, why aren’t these platforms helping WSB mods instead of banning the community. This. At the end of the day, Facebook/Discord has the power to ban individual users. There is no good reason to nuke an entire community if the the mods running said community are being cooperative. This isn't about "hate speech" or "adult sexual exploitation" or whatever the excuse dice end up rolling next time.…