The company said that the Discord was banned for continuing to allow hateful and discriminatory content after repeated. “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,” they wrote.Īs of Wednesday, the Reddit group boasted more than three million members, while the Discord channel had nearly 60,000. Like 4chan found a Bloomberg Discord Terminal where participants discuss stock and option trading. Earlier on Wednesday, Discord banned the r/WallStreetBets server. The page was later revived, however, with a moderator issuing a lengthy statement clarifying what happened and how the group would proceed. The company closed at $347.51 per share on Wednesday, marking an eighteen-fold increase since the end of December, when its stocks went for just $18.84 a pop.įollowing the Discord purge, the r/WallStreetBets subreddit – apparently the group’s main online hub, which describes itself as “Like 4chan found a Bloomberg Terminal” – also briefly went dark, giving visitors a notice stating the page was “experiencing technical difficulties” due to an explosion of interest in the group, and that it would be unable to enforce Reddit’s rules without “automation.” While Discord left its reasoning for the ban somewhat vague, the removal comes as WallStreetBets members attempt to punish hedge fund short-sellers with a relentless stock-buying campaign, which has sent GameStop’s value on a runaway rally. We have also learned that Reddits WallStreetBets subreddit has been set to private. Also on rt.com NASDAQ temporarily shuts down stock trading after internet trolls destroy hedge fund with GameStop stock According to The Verge, Discord has banned the r/WallStreetBets server for allowing 'hateful and discriminatory content after repeated warnings.' It did not ban the server for financial fraud. After kicking off a historic rally around GameStop stock that has incited the ire of hedge fund tycoons and the SEC, the r/wallstreetbets channel was banned from Discord on. Discord welcomes a broad variety of personal finance discussions… We are monitoring this situation and in the event there are allegations of illegal activities, we will cooperate with authorities as appropriate. To be clear, we did not ban this server due to financial fraud related to GameStop or other stocks. “Today, we decided to remove the server and its owner from Discord for continuing to allow hateful and discriminatory content after repeated warnings.” “Over the past few months, we have issued multiple warnings to the server admin,” Discord said in a statement. The ‘WallStreetBets’ Discord channel has been taken offline, with the platform claiming the ban was due to hate speech and had nothing to do with members helping to fuel a meteoric spike in GameStop’s stock value.ĭiscord said on Wednesday that the group was removed due to repeat violations of its rules against “hate speech, glorifying violence and spreading misinformation.” It maintained the move was unrelated to the ongoing GameStop debacle, in which members of the page and a related Reddit group have helped to send the company’s stock soaring more than 1,700-percent since early January.
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