Facebook shuts popular stock trading group amid GameStop frenzy

Post by cambalache » Fri, Jan 29, 2021, 4:45 PM UTC

bufferoverflow wrote: post #426

cambalache wrote: post #268

The big Internet challenge for the next 3-4 years is to completely decentralize the big social networks. It is not a matter of technology though. You need people rioting, the governments having the balls to do it or a combination of both.

It is a matter of technology. Groups that get banned on regular social media will move to these new next gen social networks, and (almost) everyone else will stay on the old ones. Giant echo chambers will form. But only the new ones will be uncensorable and free.

Post by mike00632 » Fri, Jan 29, 2021, 4:51 PM UTC

Bakary wrote: post #472

mike00632 wrote: post #170

Earlier quoted context omitted.

"Let's protest because we can't sink our money into GameStop stock after seeing a stock promoter online hype up the stock!" Do we forget that GameStop is a mall retailer that sells physical copies of video games? This is not the next Amazon or Saudi Aramco. Anyone who is convinced to put their money in GameStop was likely tricked by someone with a financial interest (and that was probably a rich person). This entire…

You misunderstand the context here. Yes, there's the narrative and the certainty that wealthy people participated in the snowballing/astroturfing and profited from it. But it's still the case that small investors made some money playing by the same rules as the hedge funds, and the institutions have nakedly tried to stop that through any means possible, from curtailing the actual discussion to media campaigns to dire…

Post by jb775 » Fri, Jan 29, 2021, 4:56 PM UTC

_y5hn wrote: post #372

jb775 wrote: post #272

Earlier quoted context omitted.

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…

Why would you even bring in partisan politics? Sounds like lack of principles, and total ignorance how moderation, admin rights, privatization and rights of association works.

Post by jb775 » Fri, Jan 29, 2021, 5:12 PM UTC

girvo wrote: post #427

jb775 wrote: post #272

Earlier quoted context omitted.

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…

You’ve posted this comment multiple times — copy pasted even. Got an axe to grind?

Post by _y5hn » Fri, Jan 29, 2021, 5:29 PM UTC

jb775 wrote: post #485

_y5hn wrote: post #372

Earlier quoted context omitted.

Why would you even bring in partisan politics? Sounds like lack of principles, and total ignorance how moderation, admin rights, privatization and rights of association works.

Ah the classic "How dare you" response when being called out for hypocrisy.