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As someone who was a very early member of /r/wallstreetbets: 1) /r/wallstreetbets and /r/wsb are two different subreddits. /r/wsb are for those that got banned

As someone who was a very early member of /r/wallstreetbets: 1) /r/wallstreetbets and /r/wsb are two different subreddits. /r/wsb are for those that got banned from wallstreetbets 2) When wallstreetbets first started it wasn’t as crazy as it was today. There were some aggressive gamblers but there was opportunity for real due diligence and decent conversation. I contributed more than a few posts back in the early days. After it got crazy I unsubscribed until recently. Robinhood and the options trading and margin trading has really made things crazy. I see absurd bets made on there that make me both jealous and glad I’m not 25 with too much money to gamble. 3) those who say it’s likely too small to make a difference go check out the timing of the Lumber Liquidator due diligence post and the subsequent jump in price. I don’t know what the difference is between pump and dump vs posting due diligence but there definitely was a correlation. I wish I still had my data account because I would love to see the exact correlation of options trading and stock trading to the posts. 4) the memes and gifs are hilarious if not vulgar and bigoted. But if you have thick skin some of the memes are very well made.

yhoneycomb 7y ago
“If you have a thick skin” classic hacker news. Never fails to disgust me.
- xiaoxiae 7y ago
  Care to explain?
  - denkmoon 7y ago
    r/wallstreetbets is not politically correct. It is shitposting of a magnitude not seen since the heyday of 4chan. (Their motto is "if 4chan got a bloomberg terminal") In other words, he's upset because people put mean words on an imageboard.
    - sarakayakomzin 7y ago
      >In other words, he's upset because people put mean words on an imageboard. that's a lot to infer from a single sentence. do you offer a better warranty than Best Buy? I'm looking for a new projector.
    - 0_gravitas 7y ago
      ikr, and honestly, I mean, at least compared to what i've seen in some other places on reddit, wallstreetbets is pretty tame, still politically incorrect, but the worst ive seen is them calling both themselves and others "gay bears" and "autists". ive definitely seen far worse and more mean-spirited elsewhere
      - denkmoon 7y ago
        I would tend to agree. WSB is mostly about self deprecation, and occasional digs at "FIRE" types and people who are financially prudent. It is a far cry from the many subreddits that actually preach hatred against an outgroup.
      - spookthesunset 7y ago
        agree. wsb has some racy language but it is all in good spirits. It is not at all like all the cesspool subreddits where everybody is a mean spirited asshole.
  - Loughla 7y ago
    I'm going to guess, based on what I know about diversity and inclusion. It's the fact that people are called retards, autists, and homophobic slurs. To some it's about "having thick skin". To others it's about normalizing "hate speech". It really depends on what your life experience is to determine which camp you fall in. If you've been on the receiving end of hate speech or discrimination, you tend to be in the second camp. If you've lived a relatively privileged life in terms of 'fitting in' to the world around you, you tend to think people just need to grow thicker skin. And this disagreement between those two groups sums up like 95% of all social media posts right now.
    - missosoup 7y ago
      > If you've been on the receiving end of hate speech or discrimination, you tend to be in the second camp. If you've lived a relatively privileged life in terms of 'fitting in' to the world around you, you tend to think people just need to grow thicker skin. As someone who fell into category 1 for most of my childhood, I think you have the labels reversed. I think it takes a tremendously sheltered privileged life to get offended by such weak words, especially when they're clearly in jest. Thick skin comes from being exposed to the realities of the world and having an idea of the magnitude and context of e.g. those memes compared to actual hate speech such as I experienced. It's not a case of 'people who never experienced hate speech think its ok', it's a case of 'people who experienced real hate speech can differentiate it from crude jokes and shitposts' If anyone remembers Jay Austin and Lauren Geoghegan, the American couple who went to Tajikistan and started video blogging to show that 'all humans are kind' and promptly got murdered by ISIS because they had no idea how dangerous the country was? That's the kind of sheltered privileged demographic that gets offended by shitposting. They have no clue what actual hate or actual danger looks like. Political correctness and victim culture are pretty unique to the wealthier segments of the West and Europe.
      - deleted 7y ago
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      - dmix 7y ago
        The internet has generated this weird subculture of people who get really really upset at people making jokes. It has a "think of the children" sort of moral panic vibe to it. A lot of it has to do with completely ignoring any context or intention from the source material, which isn't how language works in any other context. Jokes inherently use exaggeration and extreme positions in jest which make them easy targets for misrepresentation. The even weirder thing is it's finding a reception among weak-willed administrators at various institutions who capitulate under the slightest provocation from these small groups of highly vocal outage mobs (largely because these groups have gotten really good at stirring up controversy, and the low-budget modern internet media is perpetually looking for controversy, legitimate or not). But if you did a survey of the general population (or the institution's actual customers) instead of just listening to these small mobs you'd find that it really isn't that big of a deal to the vast majority of people. The average person understands context and intent - assuming they heard the original source, not the filtered down unfunny reinterpretations that make the rounds. I was listening to a "best of Jeff Ross" on Youtube recently and all I could think of was that if any of his stuff had been filtered through these cancel culture people over the last few decades he'd basically be considered the devil instead of one of the funniest people in comedy. I fear for the future of culture, especially comedy, which thrives in a sort of experimental unfiltered chaos. Maybe it will have to live on in the underground like Samizdat in the Soviet Union.
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floatingatoll 7y ago
3) You don’t need to have complete data to report what you think is a market manipulation scheme to the SEC for investigation: > Tips - Report a potential violation of the securities laws directly to enforcement@sec.gov. Please do not use this email box for general comments or questions.
- manicdee 7y ago
  Just remember that reporting things to the SEC makes you the enemy. The SEC exists to protect the people exchanging securities.
  - murph-almighty 7y ago
    I just want to point out that "protecting the people exchanging securities" by extension also means "people who trust money managers to exchange securities on their behalf", which would include most people with a 401k or a pension, not just some stereotypical stock jock. Come on, dude.
NoodleIncident 7y ago
No, the article got it right. It's annoyingly common for people commenting on a subreddit to use a shortened name of the subreddit when discussing it. Since reddit will link you to anything starting with "r/", sometimes there's no subreddit there, sometimes mods will claim it just to be safe, and sometimes it's a cow. (r/cow = r/competitiveoverwatch)
- melq 7y ago
  Well the parent got it right in that r/wsb and r/wallstreetbets are literally two different subreddits. The former has a lot less volume but it nonetheless exists.
  - NoodleIncident 7y ago
    Any string of "r/<20 or fewer characters>" is a link to a subreddit, which in this case, the mods of the original have happened to create so that no one else squats on it. As used in reddit comments and this article, they are not referring to the actual "r/wsb" subreddit when they type those characters, though; it's just an abbreviation.
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yhoneycomb 7y ago

“If you have a thick skin” classic hacker news. Never fails to disgust me.

xiaoxiae 7y ago
Care to explain?
- denkmoon 7y ago
  r/wallstreetbets is not politically correct. It is shitposting of a magnitude not seen since the heyday of 4chan. (Their motto is "if 4chan got a bloomberg terminal") In other words, he's upset because people put mean words on an imageboard.
  - sarakayakomzin 7y ago
    >In other words, he's upset because people put mean words on an imageboard. that's a lot to infer from a single sentence. do you offer a better warranty than Best Buy? I'm looking for a new projector.
  - 0_gravitas 7y ago
    ikr, and honestly, I mean, at least compared to what i've seen in some other places on reddit, wallstreetbets is pretty tame, still politically incorrect, but the worst ive seen is them calling both themselves and others "gay bears" and "autists". ive definitely seen far worse and more mean-spirited elsewhere
    - denkmoon 7y ago
      I would tend to agree. WSB is mostly about self deprecation, and occasional digs at "FIRE" types and people who are financially prudent. It is a far cry from the many subreddits that actually preach hatred against an outgroup.
    - spookthesunset 7y ago
      agree. wsb has some racy language but it is all in good spirits. It is not at all like all the cesspool subreddits where everybody is a mean spirited asshole.
- Loughla 7y ago
  I'm going to guess, based on what I know about diversity and inclusion. It's the fact that people are called retards, autists, and homophobic slurs. To some it's about "having thick skin". To others it's about normalizing "hate speech". It really depends on what your life experience is to determine which camp you fall in. If you've been on the receiving end of hate speech or discrimination, you tend to be in the second camp. If you've lived a relatively privileged life in terms of 'fitting in' to the world around you, you tend to think people just need to grow thicker skin. And this disagreement between those two groups sums up like 95% of all social media posts right now.
  - missosoup 7y ago
    > If you've been on the receiving end of hate speech or discrimination, you tend to be in the second camp. If you've lived a relatively privileged life in terms of 'fitting in' to the world around you, you tend to think people just need to grow thicker skin. As someone who fell into category 1 for most of my childhood, I think you have the labels reversed. I think it takes a tremendously sheltered privileged life to get offended by such weak words, especially when they're clearly in jest. Thick skin comes from being exposed to the realities of the world and having an idea of the magnitude and context of e.g. those memes compared to actual hate speech such as I experienced. It's not a case of 'people who never experienced hate speech think its ok', it's a case of 'people who experienced real hate speech can differentiate it from crude jokes and shitposts' If anyone remembers Jay Austin and Lauren Geoghegan, the American couple who went to Tajikistan and started video blogging to show that 'all humans are kind' and promptly got murdered by ISIS because they had no idea how dangerous the country was? That's the kind of sheltered privileged demographic that gets offended by shitposting. They have no clue what actual hate or actual danger looks like. Political correctness and victim culture are pretty unique to the wealthier segments of the West and Europe.
    - deleted 7y ago
      [deleted]
    - dmix 7y ago
      The internet has generated this weird subculture of people who get really really upset at people making jokes. It has a "think of the children" sort of moral panic vibe to it. A lot of it has to do with completely ignoring any context or intention from the source material, which isn't how language works in any other context. Jokes inherently use exaggeration and extreme positions in jest which make them easy targets for misrepresentation. The even weirder thing is it's finding a reception among weak-willed administrators at various institutions who capitulate under the slightest provocation from these small groups of highly vocal outage mobs (largely because these groups have gotten really good at stirring up controversy, and the low-budget modern internet media is perpetually looking for controversy, legitimate or not). But if you did a survey of the general population (or the institution's actual customers) instead of just listening to these small mobs you'd find that it really isn't that big of a deal to the vast majority of people. The average person understands context and intent - assuming they heard the original source, not the filtered down unfunny reinterpretations that make the rounds. I was listening to a "best of Jeff Ross" on Youtube recently and all I could think of was that if any of his stuff had been filtered through these cancel culture people over the last few decades he'd basically be considered the devil instead of one of the funniest people in comedy. I fear for the future of culture, especially comedy, which thrives in a sort of experimental unfiltered chaos. Maybe it will have to live on in the underground like Samizdat in the Soviet Union.

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floatingatoll 7y ago

3) You don’t need to have complete data to report what you think is a market manipulation scheme to the SEC for investigation: > Tips - Report a potential violation of the securities laws directly to enforcement@sec.gov. Please do not use this email box for general comments or questions.

manicdee 7y ago
Just remember that reporting things to the SEC makes you the enemy. The SEC exists to protect the people exchanging securities.
- murph-almighty 7y ago
  I just want to point out that "protecting the people exchanging securities" by extension also means "people who trust money managers to exchange securities on their behalf", which would include most people with a 401k or a pension, not just some stereotypical stock jock. Come on, dude.

NoodleIncident 7y ago

No, the article got it right. It's annoyingly common for people commenting on a subreddit to use a shortened name of the subreddit when discussing it. Since reddit will link you to anything starting with "r/", sometimes there's no subreddit there, sometimes mods will claim it just to be safe, and sometimes it's a cow. (r/cow = r/competitiveoverwatch)

melq 7y ago
Well the parent got it right in that r/wsb and r/wallstreetbets are literally two different subreddits. The former has a lot less volume but it nonetheless exists.
- NoodleIncident 7y ago
  Any string of "r/<20 or fewer characters>" is a link to a subreddit, which in this case, the mods of the original have happened to create so that no one else squats on it. As used in reddit comments and this article, they are not referring to the actual "r/wsb" subreddit when they type those characters, though; it's just an abbreviation.

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