5 ms·
There is some brilliant analysis on WSB, some rubbish - the usual. But there was great analysis on this post a few hours ago: https://old.reddit.com/r/wallstre
by cik 6y ago
There is some brilliant analysis on WSB, some rubbish - the usual. But there was great analysis on this post a few hours ago:
https://old.reddit.com/r/wallstreetbets/comments/l6n4ay/the_biggest_risk_we_face_and_why_its_nothing_to/ https://old.reddit.com/r/wallstreetbets/comments/l6n4ay/the_...
Assuming it (like others) gets taken down, here's a copy+paste with some cleanup:
<snip>
Note that Discord has had significant investment from private equity funds including FirstMark Capital, Greenoaks Capital Partners, Index Ventures, IVP, Greylock Partners, Benchmark, Accel, General Catalyst, Ridge Ventures, Spark Capital, and Tencent Holdings. At least one of these firms has invested with Point72 Ventures, which recently helped Melvin Capital. So it's not too surprising that strings were pulled to get the Discord channel banned for "hate speech" (which is a very useful brush to tar anyone with, as anyone who challenges it can easily be dismissed as a nazi).
<snip>
Reddit is owned by Advance Publications, which is owned by Donald Newhouse and the Newhouse family (some details here: https://en.wikipedia.org/wiki/Donald_Newhouse https://en.wikipedia.org/wiki/Donald_Newhouse). Fortunately, Newhouse's family office (think a private hedge fund dedicated to investing just the family's money) is pretty far removed from the hedge fund world afaik. The family office's CIO (details here: https://www.institutionalinvestor.com/article/b1g6j2tztzpb3t/A-New-CIO-for-One-of-America-s-Richest-Families https://www.institutionalinvestor.com/article/b1g6j2tztzpb3t...) got her career started in the investment bank world and did not work for hedge funds, at least according to her Linkedin profile. So the Donaldson family has limited motive to stick their necks out and force a ban of this subreddit.
<snip>
- twic 6y agoIs this great analysis, or is this random paranoia?
- PartiallyTyped 6y agoIs there a correlation between en masse smear campaigns, bot attacks against retail, and the uber rich losing money?
- toopok4k3 6y agoWe are talking about billions of losses. Someone somewhere is trying to minimize them as their full time jobs.
- cik 6y agoI don't think that great analysis and random paranoia have to be disconnected. But given how humans treat money, goods, and jobs it's highly likely that some combination of those humans will do everything they can to maintain the specifics of this status quo.
- ClumsyPilot 6y agoBefore Snowden, anyone accusing government of spying on uts citizens was called paranoid. People calling 2008 buble were not believed eithet Some folks just have an irrational faith in establishment followijg the rules, even when its obviois that there is noone to police them
- deleted 6y ago[deleted]
- thr0waway2 6y agoMate, every medium-sized company and above has an investment by PE and VC. You can literally pull any company with above $10 mm EBITDA and there will be no more than two degrees of separation between them and Steve Cohen/any other big financiier
- cik 6y agoThat's literally the point.
- thr0waway2 6y agoBut by that logic anything that a company ever does can be pinned on Steve Cohen. If he was so powerful his returns wouldn't be that shit. Last year was good for P72 but other than that they're extremely mediocre ever since they stopped insider trading lol
- TheRealDunkirk 6y agoThen this reduces to that old adage that, if you win big in the lottery, you need to put every significant law firm in your area on retainer, so that local people can't find a lawyer to sue you. If you just put a bit of money in every up-and-coming technology company, then you get to pull their strings when you need a favor. Very smart.