Discord bans r/WallStreetBets server, subreddit went private for a while

Re:Discord bans r/WallStreetBets server, subreddit went priv... by baybal2 on Thursday January 28, 2021 @08:31AM (#25941504)

> Ideally finance is meant to be about allocation of capital. If a market is allocating capital to a dying company just because meme, then the market isn't serving its purpose.

Do you believe in it's right to give power to somebody, whether it will be a government, private party, or a class to rule over allocation of capital, and decide whose capital allocation is good, and whose capital allocation is bad?

There is a country that tried, they name to it was USSR.

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Re:Discord bans r/WallStreetBets server, subreddit went priv... by nsonha on Thursday January 28, 2021 @08:44AM (#25941625)

An internet community is "somebody" with a selfish interest that might go against the interest of the wider public.

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Re:Discord bans r/WallStreetBets server, subreddit went priv... by elindbe3 on Thursday January 28, 2021 @09:34AM (#25942276)

So is any group of people, including hedge funds and the government as we've seen over and over and over again.

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Re:Discord bans r/WallStreetBets server, subreddit went priv... by nsonha on Saturday January 30, 2021 @04:05AM (#25967511)

yes, we don't want stock manipulation from anyone. A small group of retail investors can't manipulate stock so they can be exempt. This group however just proved that they can.

[ Parent | on HN ]