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r/wallstreetbets is being taken over. Mods, comments and posts are being removed
- OnlyRepliesToBS 6y agoto learn who rules over you, simply find out who you are not allowed to criticize
- santoshalper 6y ago-Sun Tzu, probably
- rajlego 6y agoah yes the kids with leukemia
- jackric 6y agosick of them running the world as they see fit, with no accountability
- basq 6y agoLiterally a quote from a neo nazi. "Cory Bernardi mistakenly 'quotes' Voltaire on Twitter with neo-Nazi's line | Cory Bernardi | The Guardian" https://www.theguardian.com/australia-news/2015/nov/27/cory-bernardi-mistakenly-quotes-voltaire-on-twitter-with-supposed-neo-nazis-line https://www.theguardian.com/australia-news/2015/nov/27/cory-...
- randomchars 6y agoAnd does that make the point any less valid?
- deleted 6y ago[deleted]
- nickkell 6y agoWho do you think rule over us? Reddit mods?
- randomchars 6y agoI'm not saying that the quote make sense in this context, because frankly it doesn't. But the personal views of whoever said it should not matter when evaluating it's validity.
- nickkell 6y agoIt matters when you see it being used in its original context, which immediately shows it to be false. That neo-nazi believes that we're ruled by ethnic minorities and (to his mind) moral degenerates, with his proof being that he's not allowed to speak his mind about them.
- randomchars 6y agoI kind of don't care about baggage of the original context; not about who said it, nor under what circumstances it was said. Just evaluate the words on their own. > to learn who rules over you, simply find out who you are not allowed to criticize As someone who lives in a country where you can't criticize certain people, because the full force of the government can come at you, it's certainly true.
- deleted 6y ago[deleted]
- 1996 6y agoHopefully this crowd will realize regular finance is a rigged game rotten from the top down, and that crypto, for all of it problems and scams and whales manipulating the market is a paradise in comparison. Good luck to them on their DOGE bet! If there's one crypto that deserve to be at the top, it's DOGE.
- haecceity 6y agoThat's ridiculous. Finance runs the world. If that were true what does that say about the world.
- ravenstine 6y agoI'm not sure how having one's ability to buy a stock taken away says anything but bad things about the world.
- valuearb 6y agoTemporarily taken away for a few hours, on a small set of platforms. Wow, first world problems are the worst.
- ycombigator 6y agoThe bigger issue is how a problem caused by hedgefunds doing stupid things that verge on criminal (naked short selling) ends up getting weaved into a narrative about normal buying action in the market being market manipulation.
- valuearb 6y agoThere is no convincing evidence of naked short selling in GME. And it’s always been considered market manipulation to coordinate groups of investors to make the same trade, since the 1920s. I don’t think anything done on WSB crossed the line but it was in the vicinity. The only clearly illegal acts were committed by DeepF**ingValue, since he had special obligations as a heavily licensed broker and brokerage firm employee while making his tout videos.
- Havoc 6y agoWell at least they found a way to keep the drama going despite GameStop tanking
- deleted 6y ago[deleted]
- exabrial 6y agoI feel really bad for the people that put their savings in. Reminds me of the prosperity gospel :/
- jart 6y agoWSB started the squeeze back in September. https://www.reddit.com/r/wallstreetbets/comments/iu3j38/gme_yolo_midmonth_update_sep_16_2020/ https://www.reddit.com/r/wallstreetbets/comments/iu3j38/gme_... GameStop is still trading at 6x the value it was back then. So even now those redditors are getting considerable returns. It's been a huge transfer of wealth from wall street fat cats to nerds on an Internet forum.
- dagw 6y agoIt's been a huge transfer of wealth from wall street fat cats to nerds on an Internet forum. Once you factor in all the "nerds" who bought at 100+ and are now massively in the hole and all the "fat cats" who made millions playing the WSB crowd, I suspect you'll find a there will be a roughly net zero wealth transfer from the "wall street fat cats".
- Blackstone4 6y agoI dont think it is that simple and more of a spectrum. Some early nerds probably made a lot of money and then many nerds came in mid-to-late in the price run-up. Those guys probably lost money.
- jart 6y agoNot if they're holding. https://www.reddit.com/r/wallstreetbets/comments/lcjh0m/wallstreetbets_its_a_privilege_holding_with_you/ https://www.reddit.com/r/wallstreetbets/comments/lcjh0m/wall...
- tartoran 6y agoAnd don’t forget to feel bad for the poor brokers who shorted GME, they lost most of other people’s wealth.
- mattrick 6y agoI feel like Reddit's moderation system might need an overhaul. Its happened quite a few times where "inactive" mods come back and wreak havoc on an otherwise successful subreddit. I feel like there should be a process to remove inactive mods.
- saurik 6y ago(There is one. It involves filing a thing with the reddit administration.)
- collyw 6y agoIt's easier just to find a better place to discuss your thoughts. Many subreddits especially anything politically related are echo chambers.
- pelliphant 6y agoIn my opinion: The charm of reddit is the smaller subreddits, once a subreddit grows too large, it's usually better to just find a new one with the same purpose.
- Dma54rhs 6y agoReddit should definetly be investigated in that bump and dump scheme. They turned a blind eye to this whole saga and should be more transparent. Everything critical about the hysteric theories were either hidden or downvoted so no one can see the reality, they have to a responsibility to this situation.
- JohnJamesRambo 6y agoAnd everything makes a lot more sense now. It had turned into complete garbage. I thought there must be no mods or they are completely in on the pumping.
- junippor 6y agoCould you explain the mods drama to me? I have no idea what's going on.
- JohnJamesRambo 6y agohttps://www.reddit.com/r/wallstreetbets/comments/lcvluc/an_update_on_the_wsb_coup_détat/ https://www.reddit.com/r/wallstreetbets/comments/lcvluc/an_u...
- valuearb 6y agoIt’s all conspiracies, all the way down.
- estaseuropano 6y agoI found this ongoing exuberance/push to hold terrifying. All the time posts felling people to hold with weird us vs them narratives - sounds to me like a ponzi scheme with the most naive left to hold air at the end when all of the early pushers have cashed out.
- ycombigator 6y agoWith naked short selling and ladder attacks it absolutely is us versus them.
- dagw 6y agoWho is 'us' and who is 'them' in this scenario? Are the people who cashed out at 300 while posting memes about "holding the line to fight The Man" 'us' or 'them'
- ChainOfFools 6y agoit's as if r/bitcoinmarkets metastasized into the stock market at large. all wsb is missing are the "moon" and "HODL" chants
- dagw 6y agoall wsb is missing are the "moon" and "HODL" chants Have you been to WSB recently? Half the posts are "moon" and "HODL" chants
- TechBro8615 6y agoTo me the latest activity resembles T_D more than any other subreddit. In particular the desperate “us vs. them” mentality has echoes of recent pro-Trump communities. It’s like someone realized the QAnon energy could be channeled into a pump-and-dump scheme.
- adriancr 6y agoIt seemed like someone figured out how to weaponize social media. A lot of things that happened on T_D happened on wsb recently too. - bots spamming 'X from Y, I just put in ZZZ cash' similar to T_D picture comments when Trump got elected with 'I just voted' where it was mostly spam - copy pasta same thing, constantly on the GME thread even though it was outdated and moronic... (usually content is either well thought out, sarcasm/jokes, fresh memes) - An insane amount of bots posting new spam threads visible when reddit ban limits were reached. (good thing for the moderators)
- Grustaf 6y agoIs there a human readable summary of what happened? I only feel more confused after reading this.
- effingwewt 6y agoI've seen this movie so often I know all the lines. They come in and either buy out or leverage a mod, who brings in their cronies, some of whom also become mods. They then begin banning content/users who don't align with their plan. I've seen this go several ways. They either take over and use the sub for whatever, or tank the sub/message/whatever. It's always incredibly frustrating seeing it from the inside. I've seen this firsthand done in personal life, business, online, everywhere. No aspect of existence has this shit not eroded. The fact that we all just accept this as status quo is mind blowing. It's like rotten politicians in every movie. Why do we accept it? FWIW I left reddit years ago after seeing exactly this happen to several subs.
- 0-_-0 6y agoIsn't this the point where the entire sub just moves to something like /r/realwallstreetbets or something other similarly named subreddit?