/r/wsb autists taking on a wallstreet hedgefund. Elon musk involved as always / wallstreetbets / gamestop - Gamergate 2: financial boogaloo

Dr. Geronimo said:
We have grown to the kind of size we only dreamed of in the time it takes to get a bad nights sleep. We've got so many comments and submissions that we can't possibly even read them all, let alone act on them as moderators. We wrote software to do most of the moderation for us but that software isn't allowed to read the Reddit new feed fast enough and submit responses, and the admins haven't given us special access despite asking for it.

We're suffering from success and our Discord was the first casualty. You know as well as I do that if you gather 250k people in one spot someone is going to say something that makes you look bad. That room was golden and the people that run it are awesome. We blocked all bad words with a bot, which should be enough, but apparently if someone can say a bad word with weird unicode icelandic characters and someone can screenshot it you don't get to hang out with your friends anymore. Discord did us dirty and I am not impressed with them destroying our community instead of stepping in with the wrench we may have needed to fix things, especially after we got over 1,000 server boosts. That is pretty unethical.

To add to this, people are co-opting our name on twitter. I won't mention their accounts, but lots of handles with "wsb" and "wallstreetbets" in them are pretending to speak for us. They're saying things that we don't agree with, driving traffic to derivative communities and shitty pixelated merch stores, and generally making it harder for us to define who we are. There's also too much political bullshit in a community that was never ever political. The only way I want to occupy Wall St is in a suit myself or rent-free in the mind of a blown up short.

That is why I'm throwing my support behind the Twitter handle in general. We need a way to PUBLICLY reach out to the staff of the infrastructure that is failing us so the world can see that we aren't doing anything wrong here if they don't respond. We need to be able to respond directly to a reporter that is lying to the world about our clubhouse. We can't be expected to meet any expectations when we aren't given the tools we need.

That's not to say I approve of every message or will even be in the loop for all of them, but it's clear to me we can't do nothing and we need a megaphone.

http://twitter.com/wsbmod aka @wsbmod is the only Twitter handle whose statements are directly from some part of the team.

We'll do our best not to pretend to speak for you, but to try to speak with the volume our name now seems to command to get shit done for us.

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waffle said:
If they just straight up stop trading to let people cheat how can they expect anyone to have any market confidence ever again? At that point you might as well just tell everybody that the stock market in it's current form, is just our version of china's currency shenanigans - a way to fake infinite economic growth while enriching the entrinched elite.
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It feels like this last year or so has been unmasking after unmasking, a never ending series of events that pull away the curtain and reveal the Establishment/Uniparty/Illuminati whatever. Seven months of gaslighting and sudden media whiplash exposed the journalists, the 2020 election debacle, the tech censorship, now this - every institution or system that the elites used to control the people while pretending it was for their benefit has been revealed.

Not everybody is aware, obviously, but they will be. More importantly, it seems like everything is coming out of the shadows, no 'respectable and trustworthy' government or fourth estate to "drive reform" because nobody is trusting anything.
 
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FAQnews Correspondent said:
Yeah. It's funny on its face, but there's an underlying anger at how the government will scramble to back these big guys, while leaving the average person paying the bill.
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Comedy is the only thing that really seems to rally people together. This being funny because of the memetic possibility really made it stick out. The underlying anger doesn't seem to be enough anymore, only the lulz.
 
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The reddit sub being nuked is the biggest "It's afraid" they could have possibly put out. Also, I'm playing the world's tiniest violin after the entirety of Wallstreet got bailed out in 2008 and not one of them had charges brought up against them.

There is sadly going to be a crackdown over this when it frankly should be allowed to stand. This is someone paying attention and using public info and discussion to make trades. It's exploiting the legal rules that were on the table that were used against people for decades before now.
 
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Dr. Geronimo said:
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I hope they keep fighting the good fight for as long as they can, because goddamn do they deserve it now.

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So what other ways of economic chaos can be employed? What about infrastructure stock?

pg and e I heard is a game stop version of electric companies?

Also cracking down?
The more they crack down the more they paralysis themselves. If they regulate this because of today all thats doing is destroying their ability to be fluid.
 
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verissimus said:
Probably a dumb question, but how come something like this didn't happen earlier?
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It's because even two years ago it was harder for plebes to funnel money into the casino. The market suffered and (((coincidentally))) trading apps are legal all across North America including Canada which has rules so stringent that cashapp and venmo aren't allowed. The idea during slumps is to get plebes to dump their penny shavings into stocks, to prop up the market. It was never supposed to end like this.
 
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DeadFish said:
So what other ways of economic chaos can be employed? What about infrastructure stock?

pg and e I heard is a game stop version of electric companies?

Also cracking down?
The more they crack down the more they paralysis themselves. If they regulate this because of today all thats doing is destroying their ability to be fluid.
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Naked shorts is something the SEC and Robinhood warn you about all the time, so basically look for any economic warnings that people ignore.

Things like printing a shitload of money for coronavirus checks, which led directly to this

(Also: @secret watcher you madman, I saw that :optimistic: on wsb coming back up. How did you know?)
 
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