everybody on ilx complains about reddit

she's no longer on twitter

thats crazy to reach such pod success that you dont even have to be on twitter anymore

astonishing

A fine distillation of rightwing bullshit platformed by the "science" subreddit.

https://old.reddit.com/r/science/comments/i4tcau/journalists_twitter_use_shows_them_talking_within/

US journalists are more likely to be insulated in liberal political bubbles in big cities that are growing “bluer” (Shafer & Doherty, 2017).

"insulated"

A large number of subs have been hacked and had their css changed to display pro-Trump messages. Apparently in some cases, moderators were removed from their subs by the hackers.

https://i.redd.it/aqkhksfxelf51.png

http://archive.is/VwbQn

Quoted from a post on /r/subredditdrama/:

List Of Compromised Subreddits
/r/rupaulsdragrace (HOW VERY DARE THEY)
/r/nfl
/r/CFB
/r/Animemes
/r/Dallas
/r/Japan
/r/food
/r/space
/r/iss
/r/politicaldiscussion
/r/hentaimemes
/r/blackmirror
/r/subaru
/r/ShitAmericansSay
/r/bertstrips
/r/dndmemes
/r/Supernatural
/r/Disneyland
/r/DeTrashed
/r/3amjokes
/r/freefolk
/r/EDM
/r/vancouver
/r/weddingplanning
/r/Naruto
/r/podcasts
/r/gorillaz
/r/CrewsCrew
/r/StartledCats
/r/buffy
/r/ANGEL
/r/comedyheaven (currently private)
/r/telescopes
/r/WeAreTheMusicMakers
/r/gamemusic
/r/awwducational

Weird group.

/r/hentaimemes
/r/blackmirror
/r/subaru

also: poll

sorry to learn that lag00n's reddit account got hacked

Looks like lagoon got his reddit account back

How can I [22/M] start dating a Twitch streamer that I really like? pic.twitter.com/dGvCzTr2j1

— relationships.txt (@redditships) August 22, 2020

you laugh but my plan is in motion

Love the idea of a long con working in a Jamba Juice

One of the current QAnon and PizzaGate subreddits, r/PedoGate has been banned. Two weeks after the mod revealed himself to be…a pedophile.https://t.co/oFixw6qkwv pic.twitter.com/5P6JDxjo78

— Marc-André Argentino (@_MAArgentino) September 16, 2020

repression and projection among 15% of the us population is going to get us all killed

wow, that's like a real life version of the "pedophile hunter" parody on brass eye

repression and projection among 15% of the us population is going to get us all killed

otm

Possibly more than 15% tho (and not just in the US).

undoubtedly but i can only speak for my countrymen or rather i cannot

aw but he sounds really sad about it

lol @ r/wallstreetbets

still think markets are evil, but I trade stocks now :)

I only know about funkomentals and gamestop sells those. I like that stock.

this is honestly so funny, they drove that hedge fund in to bankruptcy lol

they had other positions cratering, pullout game was sloppy. they aren't bankrupt.

ok lol

Is this basically the social media-ization of trading and are the populist forces thereby unleashed going to pretty much polarize and destroy the market? Asking for a friend.

nah but it is funny

I don't know what you mean, buying shares of companies you like and going long is the most endorsed and low risk investment advice they give to people wanting to invest in a forward looking market.

I haven't been following the GME story moment by moment, but my understanding (could be wrong) was that the "rationale" for GME surge purchasing was less belief in GME fundamentals and future and more "stick it to the man" punishing institutions/institutional investors, which I am analogizing (maybe stupidly) to "owning the libs" type social media shitposting.

reminds me i have run out of chicken stock, will have to get some from tesco later.

no. It's a really underundervalued company, with a turnaround story and activist investors, that was being shorted into the ground/hoping for their bankruptcy.

pullout game was sloppy

bring a bucket and a mop

I can't find the thread again this morning, but I saw a fairly compelling (for someone like me, who is not at all well versed in how these things work) thing on Twitter yesterday about how there is still a good chance that the reddit people could lose all their money on this. His basic approach was, "of course fuck the hedge funds and they get what they want, but it makes me sad to see folks on reddit posting about throwing their life savings behind this and potentially losing it all". I get how this move fucks over the funds that shorted Gamestop, but I'm not sure I understand how this could backfire on the redditors. If they just fail to pay attention and don't sell their stocks before the inevitable stabilization of the price?

no. It's a really underundervalued company, with a turnaround story and activist investors, that was being shorted into the ground/hoping for their bankruptcy.

I certainly take your word for it as I've not paid much attention until the last week and not much even then. I just have a hard time understanding how any mall retailer in 2021 that is not a luxury brand could be undervalued at any price.

I probably know as much about the company as anyone, and it's a bad company in many ways but also is undervalued

I mean I don't know what stock values even mean like with stuff like Tesla etc

they do e-commerce as well

I'm not saying it's a great company long term but it was always undervalued because it sells actual stuff that actual people buy not some grand vision of the future or w/e


https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-2020-holiday-sales-results

what r/wsb is doing is really funny to me, especially since you've got all these high-paid analysts on CNBC who are trying to understand what's going on but can't wrap their heads around the concept of shitposting. the fact that any online rando can trade without having to pay $8/transaction anymore lifts the barrier to stock trading and IMO kinda invites things like this to happen. obviously it's insane to see it so nakedly demonstrated that the thing we're sacrificing our lives and the future of our planet for is based on absolutely nothing but still, lmao

Xp Doesn't the price stabilizing (in this case completely crashing back down to reality) by definition mean that a lot of investors will lose a lot of money?

Idk much about it but it feels like bitcoin in 2017, when a bunch of early adopters made big profits and a boat load of late adopters lost money due to FOMO. Probably a lot of broke people right now who don't really know what they're doing downloading robinhood and looking at this stock like a lottery ticket when it might have already peaked

fuck I ordered a share when it was $200 last night, then this morning the order was rejected, so I put another 200 in when it was $273/share and now I'm up 4 bucks instead of $80

I also put $69 on a $8 call option (I learned all these words last night) and that one's up about 200% today, nice

Certainly wouldn't want to miss out

another word I only vaguely understand is "speculation" but this seems like it's probably what this is, I'm just putting a few bucks in hoping to ride the wave and then bailing, for the lulz

xp to frogbs: It's been a while since I've fucked around with stocks. I was actually not terrible at it as a hobby, but was way too broke at the time I was most interested in it and kept having to sell my holdings to pay bills and shit. What do you mean by "any online rando can trade without having to pay $8/transaction anymore"?

isn't there another problem where a big part of this price surge is fueled by people buying options, not the stock itself? everything i've read about it gives me vague recollections of the "buying on margin" craze that crashed the market in '29

this shit is fun as hell but seems like you have to be a total degen to want to do this all the time without some sort of expertise, the adrenaline is insane tho I'm extremely tilted that I had to buy 273 and not 200,

congress must act now to legalize online poker

yes absolutely

Most brokers no longer have a commission to place regular equity trades.

They have to cover, and there are not enough shares for the amount they shorted it. People buy shot dated calls options that are placed by market makers, the market makers have to buy the underlying to hedge in case it gets to that price and pay out the shares if the options are exercised. Thus more buying = stonks go up. gamma squeeze.

shot-short

xp to frogbs: It's been a while since I've fucked around with stocks. I was actually not terrible at it as a hobby, but was way too broke at the time I was most interested in it and kept having to sell my holdings to pay bills and shit. What do you mean by "any online rando can trade without having to pay $8/transaction anymore"?

I know basically zero so correct me if I'm wrong here but as I understand it newer platforms are easy to use and don't have those flat fees which make investing under $1000 or so automatically unprofitable, so you've got a lot of people now just throwing a hundo in and seeing what happens. and when thousands of redditors are doing that it can cause weird things to happen. In other words that whole early-20s/first job/no real expenses demographic can get into stock trading in a way the prior generation really couldn't.

i just opened the ameritrade app and it has a warning popup about "unprecedented volumes today"