RIGGED SHAM: Discord Bans Wall Street Bets Server for ‘Hate Speech’ as Small Investors Blow out Hedge Funds
Richard Moorhead
|
Discord has banned a popular r/WallStreetBets server from its service, with the timing of the ban coming as small investors make a killing through purchasing stocks ‘shorted’ by Wall Street hedge funds.
Discord took the weak excuse of “Hate speech” for banning the server.
Retail investors had been using the Discord server for speculate about finance and the stock market, discussing shorted stocks such as Gamestop, AMC, and Nokia. Wall Street hedge funds have bet on these companies to fail, borrowing almost 100% of their stock at dirt-cheap prices. The casino gamble has failed, with individual investors scooping up the uninflated stock and essentially driving up stock prices by hundreds of dollars.
The server has been on our Trust & Safety team’s radar for some time due to occasional content that violates our Community Guidelines, including hate speech, glorifying violence, and spreading misinformation. Over the past few months, we have issued multiple warnings to the server admin.
Today, we decided to remove the server and its owner from Discord for continuing to allow hateful and discriminatory content after repeated warnings.
To be clear, we did not ban this server due to financial fraud related to GameStop or other stocks. Discord welcomes a broad variety of personal finance discussions, from investment clubs and day traders to college students and professional financial advisors. We are monitoring this situation and in the event there are allegations of illegal activities, we will cooperate with authorities as appropriate.
What a coincidence- Discord decides to ban the server the very same day that retail investors buy into stocks uninflated by the biggest Wall Street fat cats.
The San Francisco tech company has now sought to interfere in free markets on behalf of powerful Wall Street interests, cracking down on the little guy with bogus accusations. Don’t count on them facing any scrutiny for the anti-competitive action from the mainstream media.
Follow me on Gab @WildmanAZ, Twitter @Wildman_AZ, and on Parler @Moorhead.
Share: