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https://www.reddit.com/r/wallstreetbets/comments/l6n4ay/the_biggest_risk_we_face_and_why_its_nothing_to/ https://www.reddit.com/r/wallstreetbets/comments/l6n4ay

by mox1 6y ago

https://www.reddit.com/r/wallstreetbets/comments/l6n4ay/the_biggest_risk_we_face_and_why_its_nothing_to/ https://www.reddit.com/r/wallstreetbets/comments/l6n4ay/the_... Quote: 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.

boringg 6y ago
The connection is pretty conspiratorial. By that logic every company in the valley could be heavily influenced to shutdown products for different people if it as any connection to a VC (which is pretty much every company). I think discord probably made some calculations on its own as opposed to pressure from Melvin/Point72. Though in this day and age it seems that the truth ends up being stranger than fiction.
- thomasz 6y ago
  > By that logic every company in the valley could be heavily influenced to shutdown products for different people if it as any connection to a VC (which is pretty much every company). Well, yes...?
  - AndrewBissell 6y ago
    Love how often these comments just boil down to straight denial. "This couldn't possibly be happening!"
    - thatguy0900 6y ago
      Exactly. These companies are losing literal billions. Actual wars in real life have been fought over less. Yet they couldn't possibly be exerting any influence over the companies they own. That would be illegal.
      - AndrewBissell 6y ago
        And they would surely be caught and word would get out if they did do it.
        thatguy0900 6y ago
        And then what? Will they be fined even half of what they stand to lose? Or be fined a "record-breaking" 5 million
- pepperonipizza 6y ago
  Surprise also how much conspiracy is being upvoted here.
  - SpicyLemonZest 6y ago
    I think you've gotta take selection effects into account. The deep comments section of the Nth Robinhood/Gamestop post is going to be disproportionately full of people who are unhappy with Robinhood and willing to believe lots of nasty things about them.
    - boringg 6y ago
      Which then has a spiraling effect in that other disaffected people will read those comments and believe what they want to believe. Similar to the conspiracy theories in the election. However I do think there has been some super shady stuff done with robinhood that doesn't take that much to believe that there is a conspiracy/collusion is at play. It's hard to believe that they are altruistically de-risking their clients when they sell doge coin.
  - loveistheanswer 6y ago
    Well, we are discussing market manipulation. Which can be considered a conspiracy crime, right?
hooande 6y ago
those are all silicon valley investment firms. they don't have any kind of direct relationship with hedge funds that specialize in short selling. this is essentially saying "discord has investors, and the stock market also has investors, so they're colluding". there isn't a real connection here
- mox1 6y ago
  So your telling me that 0 of the partners in those SV firms above have the phone numbers of 0 these short selling hedge funds partners in their phones right now? I'm on the fence whether someone influential actually called the CEO of Discord and asked to have it shut down. I'm 99% certain these people know each other. It's not a could the call be made its more of a was it made.
  - hooande 6y ago
    I never said this wasn't possible. though it's just as likely as anyone calling anyone. practically, short selling hedge funds and silicon valley investors don't run in the same circles. yeah, they're socially connected but they have separate networks and cultures. conflating the two because they both involve investing isn't accurate
    - xapata 6y ago
      Don't they all have the same LPs? Behind all of these nefarious entities is CALPERS, etc. just trying to keep your pension fund solvent.
    - southeastern 6y ago
      >though it's just as likely as anyone calling anyone. That's a stretch. I think the point here is that some parties can save billions of dollars in losses, and makes them a little more likely hypothetically. Im all for dealing with the facts, but the facts are just looking at the '08 crisis a lot of Wall st funds have a track record of bending rules for profit. It's not out of this world to imagine 12 years later that the same culture exists

by mox1 6y ago

boringg 6y ago

The connection is pretty conspiratorial. By that logic every company in the valley could be heavily influenced to shutdown products for different people if it as any connection to a VC (which is pretty much every company). I think discord probably made some calculations on its own as opposed to pressure from Melvin/Point72. Though in this day and age it seems that the truth ends up being stranger than fiction.

thomasz 6y ago
> By that logic every company in the valley could be heavily influenced to shutdown products for different people if it as any connection to a VC (which is pretty much every company). Well, yes...?
- AndrewBissell 6y ago
  Love how often these comments just boil down to straight denial. "This couldn't possibly be happening!"
  - thatguy0900 6y ago
    Exactly. These companies are losing literal billions. Actual wars in real life have been fought over less. Yet they couldn't possibly be exerting any influence over the companies they own. That would be illegal.
    - AndrewBissell 6y ago
      And they would surely be caught and word would get out if they did do it.
      - thatguy0900 6y ago
        And then what? Will they be fined even half of what they stand to lose? Or be fined a "record-breaking" 5 million
pepperonipizza 6y ago
Surprise also how much conspiracy is being upvoted here.
- SpicyLemonZest 6y ago
  I think you've gotta take selection effects into account. The deep comments section of the Nth Robinhood/Gamestop post is going to be disproportionately full of people who are unhappy with Robinhood and willing to believe lots of nasty things about them.
  - boringg 6y ago
    Which then has a spiraling effect in that other disaffected people will read those comments and believe what they want to believe. Similar to the conspiracy theories in the election. However I do think there has been some super shady stuff done with robinhood that doesn't take that much to believe that there is a conspiracy/collusion is at play. It's hard to believe that they are altruistically de-risking their clients when they sell doge coin.
- loveistheanswer 6y ago
  Well, we are discussing market manipulation. Which can be considered a conspiracy crime, right?

hooande 6y ago

those are all silicon valley investment firms. they don't have any kind of direct relationship with hedge funds that specialize in short selling. this is essentially saying "discord has investors, and the stock market also has investors, so they're colluding". there isn't a real connection here

mox1 6y ago
So your telling me that 0 of the partners in those SV firms above have the phone numbers of 0 these short selling hedge funds partners in their phones right now? I'm on the fence whether someone influential actually called the CEO of Discord and asked to have it shut down. I'm 99% certain these people know each other. It's not a could the call be made its more of a was it made.
- hooande 6y ago
  I never said this wasn't possible. though it's just as likely as anyone calling anyone. practically, short selling hedge funds and silicon valley investors don't run in the same circles. yeah, they're socially connected but they have separate networks and cultures. conflating the two because they both involve investing isn't accurate
  - xapata 6y ago
    Don't they all have the same LPs? Behind all of these nefarious entities is CALPERS, etc. just trying to keep your pension fund solvent.
  - southeastern 6y ago
    >though it's just as likely as anyone calling anyone. That's a stretch. I think the point here is that some parties can save billions of dollars in losses, and makes them a little more likely hypothetically. Im all for dealing with the facts, but the facts are just looking at the '08 crisis a lot of Wall st funds have a track record of bending rules for profit. It's not out of this world to imagine 12 years later that the same culture exists