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Facebook shuts popular stock trading group amid GameStop frenzy

reuters.com

31–40 of 540 posts

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#31
post #14

Earlier quoted context omitted.

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

If you don’t like it, build your own stock market.

That's like say...found your own country no one will try to stop your or won't let you into the UN

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#32
post #2

> 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.

"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

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#34
post #12

This whole story feels like a turning point.

This is the turning point? Not press releases from congresspeople? What!?

Congresspeople are not really relevant anymore. Their slavish devotion to party makes them actually hold very little power.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#35
post #2

> 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.

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

Facebook is kind of fucked both ways tbh. If they don't remove anything they get blasted for hosting violence and abuse and if they remove too much they get blasted for censorship. Its impossible for them to remove just the right amount of stuff since thats subjective and they could never train a million moderators on how to apply it.

I think the real solution here is we need to break up the social media companies. Have each community be its own self hosted website again where the moderators of the community take responsibility for it and apply their own rules. The government can then step in and take action if the communities are illegal.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#36
post #15

Earlier quoted context omitted.

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

This is going to be the rallying cry of the apocalypse, isn’t it

It already is, the anti-lockdown folks are pointing to it as hypocrisy and duplicity.

Social media can do as it pleases because "it's a private company" but restaurants that comply with every regulation under the sun are crushed under the weight of lockdown mania.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#38
post #27
post #14

Earlier quoted context omitted.

If you don’t like it, build your own stock market.

You literally can't because of government regulations, although spinning up your own self-hosted community hasn't been regulated yet and is fairly easy.

Just build your own country on an island to run your stock market.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#39
post #3

It was fun when Trump was banned from Twitter, but now I’m mad about WSB!!

The timing was not fun at all. 4 years ago it would have been interesting to treat Trump equally, or wait until the end of his term +1 more bad comment. It was a political coordinated attack against him (and I am saying as a person who's not a Trump fan).

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#40

Earlier quoted context omitted.

It turns out that handing the public square to centralized control ends badly. Who knew! You reap what you sow.

You know, you can be against Facebook providing a platform to extremist/neo-nazis groups, and also think Facebook has overall too much power and presence. It's not "you reap what you sow" and you're not handing GP some funny "gotcha". It's just plain obvious decency. Some people don't get that, and then they're surprised that most normal humans think it's suspicious, as if they don't get it on purpose . Then they get…

> You know, you can be against Facebook providing a platform to extremist/neo-nazis groups, and also think Facebook has overall too much power and presence.

People aren’t really upset about deplatforming extremists/neo-nazis. They’re upset about the deplatforming of mainstream groups and falsely labeling them “neonazi extremists”

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