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Most discussion around $GME takes place on r/Superstonk these days anyways. Can't remember why it was banned from WSB. Something to do with the new mods I belie

Most discussion around $GME takes place on r/Superstonk these days anyways. Can't remember why it was banned from WSB. Something to do with the new mods I believe.

swarnie 5y ago
Because it took over the entire subreddit for months on end and dominated all conversation. You can only read "Reporting in from Kazakhstan with 2 shares, stay strong apes HODL" so many times....
- voidfunc 5y ago
  Honestly it didnt just take over the sub it ruined the whole sub and community. Im not going to say WSB was civilized pre-pandemic but it was much smaller with a range of interesting takes on things plus funny memes. And also degenerate gamblers who at least knew what they were fucking with. The quality of poster is much much worse now.
NoboruWataya 5y ago
I followed WSB for a couple of years before the GME thing kicked off. When it did, it was great fun for about a week, then I unsubscribed. It got very repetitive and boring.
- devoutsalsa 5y ago
  They could at least pick a different moon to aim for.
- jayolden 5y ago
  Agreed, I'm a big WSB lurker in the past, but I wasn't so sure when the GME event erupted.
- wsb_mod2 5y ago
  You should check it out again. We recently restricted memes to Friday afternoon to Sunday morning and the context is almost all text now.
  - phonebanshee 5y ago
    I can't figure out if this is sarcasm or an actual response.
    - Pigalowda 5y ago
      It's a real response. And yea, memes only on weekends did actually improve the board.
    - nlh 5y ago
      It's an actual response. WSB just changed up their rules (I'm not super active there and I don't really understand why) but this is accurately stated.
  - djanogo 5y ago
    I used to visit WSB 5 or 6 years back, whenever I visit it now it all seems to be millionaires pumping their positions in separate trading account as "YOLO" trade trying to get dumb people to pump the stock. All WSB does now is magnify the winners/pumpers while leaving trail of poor people without their money.
    - Melting_Harps 5y ago
      > All WSB does now is magnify the winners/pumpers while leaving trail of poor people without their money. That's all it ever was from my observation from around the same time; they shill the most absurd stock with emojis and brag about taking losses with diamond hands, but somehow discussing Bitcoin as an actual way to counter-act the ills of the 'hedgies' or central banks was banned so I lost interest. I occasionally drop back in for certain things. Like the ape statue at Wallstreet in front of the bull and buying kids those switches was cool, though. But those incidents were always the exception, not the rule.
wsb_mod2 5y ago
GameStop was never banned from WSB. It is the 3rd most discussed ticker in the past 30 days. (After SPY and TSLA) [0] GME had it's own daily thread well into April, at which point it was still completely dominating with significantly lower quality discussion that extended outside the GME specific daily thread. Once we ended the daily thread and asked people to move to r/GME or r/SuperStonk, people incorrectly assumed it was banned, and continued to repeat this narrative, despite our repeated mentions that it was not banned. Also, the WSB mod team is more or less the same as it was in 2019 or earlier. The majority of the team has been around for 6+ years. [0] https://www.quiverquant.com/wallstreetbets/ https://www.quiverquant.com/wallstreetbets/
CommieBobDole 5y ago
/r/superstonk used to show up in my feed on Reddit a lot, and it seemed like most of the highly-upvoted posts were elaborate explanations of how, any day now, there was going to be some sort of massive short squeeze that was going to cause $GME to hit a price of ten or twenty million dollars a share (at which point the outstanding shares of $GME would be worth more than everything else on earth combined), and everybody who bought in was going to be billionaires. I was never clear if this was some sort of in-joke/meme, or some fringe idea that kept getting upvoted because it was hilarious, or if the people in there actually knew so little about stocks and economics that they thought something like that was possible.
- zinclozenge 5y ago
  Superstonk has pretty much been a qanon-esque community since day 1. I still hold 10 shares of GME (bought at $220 oof) _just in case_. With that said, every now and then they come up with something that makes me do a double take. Right now they're obsessed with direct registering their shares. I'm guessing they think that if they can lock up the whole float they can force a short squeeze. Also if ryan cohen issues an NFT dividend. But I can assure you that the members are 100% serious.
  - conorcleary 5y ago
    > But I can assure you that the members are 100% serious. < We are, to an extent. > Direct registering shares < If the outstanding float of a stock is il-liquid and unable to be lent out, that'll force a short squeeze if the rest of the conditions are met. Lots of due diligence is readily available over there to show that those conditions are only getting more dire for the funds that never actually hedged their bets with authentic shares. > Issues an NFT dividend < This forces the hedge funds to also buy those NFT's to pair with the shares, which they'll be forced to buy too = short squeeze.
    - lern_too_spel 5y ago
      It looks like they are serious. They really believe their "DD" about "authentic shares" and "NFT dividends."
anyfactor 5y ago
I will be your WSB historian. Two folds to the story - WSB Side WSB mods alleged the sub was suffocating with the GME and subsequent squeeze stock posts and shitty memes. I made couple memes myself but after the weeks to come WSB was inundated with all the memes centered around this one topic. WSB is a general investment subreddit that took a turn towards GME everything. Another problem was GME's foundational investment theory, that it had high short interest. But if you look at DFV's way of investing he preached low valuation high potential stock. Just the mere short interest as a determinant wasn't true but an after thought. From that point on, many people who thought they were late in the GME game started to pile on other high short interest stock like Bed Bath and Beyond, WKHS etc. At that point WSB was becoming less of a shitty DD based stock to shitty meme based stock site. Mods clutched up modding but you can never know the difference between one pile of shit vs another pile of shit when it comes to a post. So post removal felt arbitrary. Superstonk Side The GME centered group left WSB because there was a new mod who didn't fit the WSB philosophy. There were some personal hypothesis about her(?). They even alleged I believe that mod made their adolescent child a mod of WSB who were also removing content left and right. My post about cautioning people about GME which reached some magnitudes of thousand upvotes and plenty of agreeable comments was removed without notice. There were several highly upvoted and good value posts removed which led to people believing that the real wall street might have infiltrated the WSB. So, in this cloud of distrust groups left and they started their own spinoff version of WSB.
- wsb_mod2 5y ago
  > The GME centered group left WSB because there was a new mod who didn't fit the WSB philosophy. There were some personal hypothesis about her(?). They even alleged I believe that mod made their adolescent child a mod of WSB who were also removing content left and right. You are confused. This has nothing to do with WSB. What you are describing happened solely on r/SuperStonk or the other GME subreddits. WSB has never had a child moderator.
- anyfactor 5y ago
  Can't edit or delete the comment. I was dmed by the WSB mod who posted the daily GME megathread on reddit. I have confused the GME subreddit with WSB on the point about the child moderator. https://www.reddit.com/r/Superstonk/comments/mkdpk3/plumdragon_mod_for_gme_is_sexist_and_allowed_her/ https://www.reddit.com/r/Superstonk/comments/mkdpk3/plumdrag... --- Also WSB discontinued the daily GME thread and people moved (refugee-d) to superstonk. https://www.reddit.com/r/Superstonk/comments/ms8681/rwallstreetbets_has_discontinued_their_gme_daily/ https://www.reddit.com/r/Superstonk/comments/ms8681/rwallstr...

Most discussion around $GME takes place on r/Superstonk these days anyways. Can't remember why it was banned from WSB. Something to do with the new mods I believe.

swarnie 5y ago

Because it took over the entire subreddit for months on end and dominated all conversation. You can only read "Reporting in from Kazakhstan with 2 shares, stay strong apes HODL" so many times....

voidfunc 5y ago
Honestly it didnt just take over the sub it ruined the whole sub and community. Im not going to say WSB was civilized pre-pandemic but it was much smaller with a range of interesting takes on things plus funny memes. And also degenerate gamblers who at least knew what they were fucking with. The quality of poster is much much worse now.

NoboruWataya 5y ago

I followed WSB for a couple of years before the GME thing kicked off. When it did, it was great fun for about a week, then I unsubscribed. It got very repetitive and boring.

devoutsalsa 5y ago
They could at least pick a different moon to aim for.
jayolden 5y ago
Agreed, I'm a big WSB lurker in the past, but I wasn't so sure when the GME event erupted.
wsb_mod2 5y ago
You should check it out again. We recently restricted memes to Friday afternoon to Sunday morning and the context is almost all text now.
- phonebanshee 5y ago
  I can't figure out if this is sarcasm or an actual response.
  - Pigalowda 5y ago
    It's a real response. And yea, memes only on weekends did actually improve the board.
  - nlh 5y ago
    It's an actual response. WSB just changed up their rules (I'm not super active there and I don't really understand why) but this is accurately stated.
- djanogo 5y ago
  I used to visit WSB 5 or 6 years back, whenever I visit it now it all seems to be millionaires pumping their positions in separate trading account as "YOLO" trade trying to get dumb people to pump the stock. All WSB does now is magnify the winners/pumpers while leaving trail of poor people without their money.
  - Melting_Harps 5y ago
    > All WSB does now is magnify the winners/pumpers while leaving trail of poor people without their money. That's all it ever was from my observation from around the same time; they shill the most absurd stock with emojis and brag about taking losses with diamond hands, but somehow discussing Bitcoin as an actual way to counter-act the ills of the 'hedgies' or central banks was banned so I lost interest. I occasionally drop back in for certain things. Like the ape statue at Wallstreet in front of the bull and buying kids those switches was cool, though. But those incidents were always the exception, not the rule.

wsb_mod2 5y ago

GameStop was never banned from WSB. It is the 3rd most discussed ticker in the past 30 days. (After SPY and TSLA) [0] GME had it's own daily thread well into April, at which point it was still completely dominating with significantly lower quality discussion that extended outside the GME specific daily thread. Once we ended the daily thread and asked people to move to r/GME or r/SuperStonk, people incorrectly assumed it was banned, and continued to repeat this narrative, despite our repeated mentions that it was not banned. Also, the WSB mod team is more or less the same as it was in 2019 or earlier. The majority of the team has been around for 6+ years. [0] https://www.quiverquant.com/wallstreetbets/ https://www.quiverquant.com/wallstreetbets/

CommieBobDole 5y ago

/r/superstonk used to show up in my feed on Reddit a lot, and it seemed like most of the highly-upvoted posts were elaborate explanations of how, any day now, there was going to be some sort of massive short squeeze that was going to cause $GME to hit a price of ten or twenty million dollars a share (at which point the outstanding shares of $GME would be worth more than everything else on earth combined), and everybody who bought in was going to be billionaires. I was never clear if this was some sort of in-joke/meme, or some fringe idea that kept getting upvoted because it was hilarious, or if the people in there actually knew so little about stocks and economics that they thought something like that was possible.

zinclozenge 5y ago
Superstonk has pretty much been a qanon-esque community since day 1. I still hold 10 shares of GME (bought at $220 oof) _just in case_. With that said, every now and then they come up with something that makes me do a double take. Right now they're obsessed with direct registering their shares. I'm guessing they think that if they can lock up the whole float they can force a short squeeze. Also if ryan cohen issues an NFT dividend. But I can assure you that the members are 100% serious.
- conorcleary 5y ago
  > But I can assure you that the members are 100% serious. < We are, to an extent. > Direct registering shares < If the outstanding float of a stock is il-liquid and unable to be lent out, that'll force a short squeeze if the rest of the conditions are met. Lots of due diligence is readily available over there to show that those conditions are only getting more dire for the funds that never actually hedged their bets with authentic shares. > Issues an NFT dividend < This forces the hedge funds to also buy those NFT's to pair with the shares, which they'll be forced to buy too = short squeeze.
  - lern_too_spel 5y ago
    It looks like they are serious. They really believe their "DD" about "authentic shares" and "NFT dividends."

anyfactor 5y ago

I will be your WSB historian. Two folds to the story - WSB Side WSB mods alleged the sub was suffocating with the GME and subsequent squeeze stock posts and shitty memes. I made couple memes myself but after the weeks to come WSB was inundated with all the memes centered around this one topic. WSB is a general investment subreddit that took a turn towards GME everything. Another problem was GME's foundational investment theory, that it had high short interest. But if you look at DFV's way of investing he preached low valuation high potential stock. Just the mere short interest as a determinant wasn't true but an after thought. From that point on, many people who thought they were late in the GME game started to pile on other high short interest stock like Bed Bath and Beyond, WKHS etc. At that point WSB was becoming less of a shitty DD based stock to shitty meme based stock site. Mods clutched up modding but you can never know the difference between one pile of shit vs another pile of shit when it comes to a post. So post removal felt arbitrary. Superstonk Side The GME centered group left WSB because there was a new mod who didn't fit the WSB philosophy. There were some personal hypothesis about her(?). They even alleged I believe that mod made their adolescent child a mod of WSB who were also removing content left and right. My post about cautioning people about GME which reached some magnitudes of thousand upvotes and plenty of agreeable comments was removed without notice. There were several highly upvoted and good value posts removed which led to people believing that the real wall street might have infiltrated the WSB. So, in this cloud of distrust groups left and they started their own spinoff version of WSB.

wsb_mod2 5y ago
> The GME centered group left WSB because there was a new mod who didn't fit the WSB philosophy. There were some personal hypothesis about her(?). They even alleged I believe that mod made their adolescent child a mod of WSB who were also removing content left and right. You are confused. This has nothing to do with WSB. What you are describing happened solely on r/SuperStonk or the other GME subreddits. WSB has never had a child moderator.
anyfactor 5y ago
Can't edit or delete the comment. I was dmed by the WSB mod who posted the daily GME megathread on reddit. I have confused the GME subreddit with WSB on the point about the child moderator. https://www.reddit.com/r/Superstonk/comments/mkdpk3/plumdragon_mod_for_gme_is_sexist_and_allowed_her/ https://www.reddit.com/r/Superstonk/comments/mkdpk3/plumdrag... --- Also WSB discontinued the daily GME thread and people moved (refugee-d) to superstonk. https://www.reddit.com/r/Superstonk/comments/ms8681/rwallstreetbets_has_discontinued_their_gme_daily/ https://www.reddit.com/r/Superstonk/comments/ms8681/rwallstr...