Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Facebook shuts popular stock trading group amid GameStop frenzy

reuters.com

Post reply on HN
Print view View original

91–100 of 540 posts

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#91

Post by spookybones »

xiphias2 wrote: post #39
andy_ppp wrote: 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).

It was a politically coordinated response to a politically coordinated attack on the capitol. What else could be done? At the very least, dog whistling, hyperbole, and calling the electoral system fraudulent without evidence proved he was an extraordinarily dangerous leader. I would go further to say he was completely open to an uprising to regain the throne

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#92

Post by Meekro »

userbinator wrote: post #78
andy_ppp wrote: post #3

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

I implore everyone to go re-read all the HN articles about Trump and far-right deplatforming where numerous --highly downvoted-- comments quite correctly predicted what was coming. Trump was "only a test."

Yeah, remember when people were saying "there is no slippery slope, they'll definitely stop at fascists!" Sounds like someone who's never read a history book.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#93

Post by dalbasal »

pfraze wrote: post #49
paxys wrote: 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.

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.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#94

Post by Simulacra »

thisgoodlife wrote: post #43

I find it scary that those big tech companies are trying their best to put everything under their control. I understand that they are private companies. But does that mean they can do whatever they want and get away with it?

Depends on which argument you agree with. "It's a private company it can do whatever it wants" makes it seem like yes, they can. However Facebook is answerable to two distinct groups: The people who use the service, and the stock market. If people stopped using Facebook then it's possible that would push ad revenue down, which would then push the stock price down, which might then incite the investors to demand Facebook make changes to bring people back...so the ad revenue will go back up, which will push the stock price back up, and on and on. On the other hand, Facebook is a lot like Microsoft back in the 90s. It wasn't the only computer company. It wasn't the only operating system. But the sheer size and market influence allowed it to act unchecked.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#95

Post by blahblahblogger »

Const-me wrote: post #61

Facebook is a natural monopoly: https://en.wikipedia.org/wiki/Natural_monopoly No matter how they treat users, people won't leave due to network effect. I don't believe the problem is solvable with more tech or free market. I think the only way forward is political, with laws and regulations. Long ago railroad networks, water pipes networks, and landline phone networks were private companies free to do whatever they…

> Long ago railroad networks, water pipes networks, and landline phone networks were private companies free to do whatever they please with the property they own.

I agree about social networks, but I'm not sure how good of an argument this is. In the US all those things (railroads, water networks, landline) have gone to crap.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#96

Post by spookybones »

mberning wrote: post #18
andy_ppp wrote: post #3

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

Orange man still bad. Most haven’t realized that the establishment used every trick in the book to install their preferred patsy. They will understand in time.

Show evidence for large scale voting fraud, or you don’t have a case.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#97

Post by scrollaway »

young_unixer wrote: post #87
ogre_codes wrote: post #76

Earlier quoted context omitted.

Discord seems to be the one of the least bad of the social/ messaging platforms.

For now. Wait till they get bigger and Vice or the NYT writes an article about how Discord is a "safe haven for hate speech and white supremacy".

That's still a long way away. Maybe negative two years. https://slate.com/technology/2018/10/discord-safe-space-whit...

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#99

Post by nexthash »

Meekro wrote: post #86
ketamine__ wrote: post #37

Are there any good decentralized message boards? Biggest question seems to be how does the community deal with spam (and spam taking a large amount of space). But other than that I could see a lot of people willing to host nodes for free.

Doesn't need to be decentralized, just a phpBB forum behind Cloudflare would still work. Cloudflare is one of the few companies that hasn't become censor-happy (except that one time..)

The one time I believe you are referring to is when Cloudflare banned the Daily Stormer, which is a far-right, neo-Nazi, white supremacist, misogynist, and Holocaust denial message board website that promoted the genocide of Jews. It went far beyond the domain of free speech into advocating violence against people, not to speak of its horrific hatred and racism. Reason enough for anyone to ban it.
Post reply on HN