Also discord for wsb has been banned, citing hateful content. I’m guessing the wsb subreddit wasn’t set to private, but rather nuked for the same reason
Odds are they were breaking site performance and pissing off trillionaires who then called the SEC to come investigate.
I’m landing on a traffic issue to the sub. I bet the admins asked them to shut down for a bit while they retooled their posting and bot setup to better curtail bot and newb posting. (writes are expensive at scale, reads are easy).
It would also be interesting to follow the money. Who funds discord and reddit, and how close are they to the guys losing billions? I could see a “shut them the fuck up or you’ll never benefit from my fund again” call happening.
It feels suspicious to me. And honestly, if there’s some serious fuckery trying to silence the redditors to keep from breaking hedge funds, this GameStop shit could be just the beginning.
There has to be a line where it's too much fucking of the big guys by a ton of people with $250 invested, right? You break too many of them for too much, what are the consequences that will ripple through the rest of the market? Any of you have any insight? I sure as shit don't know, I just threw some money at something like the rest of you.
https://mobile.twitter.com/ladyinsanity/status/1354576719802290178 Might be an automated anti DDOS response.
This is what occupy Wall Street thought they were doing. A lot of people on “small street bets” are saying wsb is gone, gone. Like not just private. I dunno. Breaking hedge funds sounds fun to me. But if for instance, Melvin Capital’s impending bankruptcy could cost a lot of people their retirements. If that trickles through the system, who knows what could happen?
From WSB "We are experiencing technical difficulties based on unprecedented scale as a result of the newfound interest in WSB. We are unable to ensure Reddit's content policy and the WSB rules are enforceable without a technology platform that can support automation of this enforcement. WSB will be back." Just overloaded due to all the media talking about them.
It sounded like a ton of other pump and dump guys tried to get on the GME gravy train and post other stocks with shit tons of zero karma/post bot accounts. The sys admins were trying to help the wsb guys filter them out with smarter filters and bots of their own.
So what happens to GameStop at the end of this? Both as far as the stock, and the company? I assume everyone would reach a point where they start selling en masse, and the stock just bottoms out right? Is the actual company impacted by this at all? Do y’all think anyone on their board of directors or whatever with a lot of stock in them would take this opportunity to cash out and run?