Reddit's WallStreetBets goes private; banned on Discord for 'hate speech'
Shortpedia
Content Team
Image Credit: NewsBytes
Hedge funds have lost billions shorting GameStop and AMC stocks. The WallStreetBets subreddit was intentionally made private by moderators for an hour on Wednesday, after burner accounts (likely orchestrated by corporates losing money) were used to malign and mislead the community. Chat service Discord had banned WallStreetBets under the excuse of hate speech. A strategy that has worked well at eliminating competition so far.
