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

Re:Discord bans r/WallStreetBets server, subreddit went priv... by fractionalhare on Thursday January 28, 2021 @08:58AM (#25941779)

Yeah I'd like to caution that approximately everything reported about this is basically incorrect, even from reputable media. That includes PnL stuff but equally applies to...well, all the other stuff. I can't even count the number of conspiracies I've seen repeated.

I get that hedge funds are categorically unsympathetic characters in this play. But people are so angry that fact checking doesn't seem to matter. It doesn't help that a lot of things financial mechanics are esoteric and not commonly known, or that most people don't know the difference between hedge funds, banks, market makers and brokers.

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Re:Discord bans r/WallStreetBets server, subreddit went priv... by lordnacho on Thursday January 28, 2021 @09:02AM (#25941831)

Do you think the move is actually powered by the WSB soccer moms, or is it other funds pushing?

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Re:Discord bans r/WallStreetBets server, subreddit went priv... by fractionalhare on Thursday January 28, 2021 @09:22AM (#25942106)

I think it's moved on to incorporate substantial institutional weight at this point as well. Without going into specifics, that becomes clear if you compare stocks which rocketed up in the past few days with stock tickers mentioned in WSB posts, and select for those in the former group which don't appear in the latter.

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