skysight-inc/HackerNews huggingface dataset:
We agree here that the term is probably offensive even in the context that WSB is using it. If someone used that term here in the same way that WSB people do, I'm sure we'd both wish that dang would remove that post and ban the poster for a bit to cool off.

This doesn't address the larger question of whether or not we have a right to enforce our completely subjective standards globally on other communities which we don't belong to. Personally, I wouldn't want some outsider deciding that me and my friends weren't allowed to talk to eachother anymore if we decided to start using the term towards each other privately in jest.
This is it guys...now ban anyone who talks dirty or buys stocks you don't want them to buy
You took AOC out of context, which is hard to do considering how short Tweets are.
Could you give us a rough overview? If I click "sell" on a share of tesla right now on my robinhood account, what happens then?
The big Internet challenge for the next 3-4 years is to completely decentralize the big social networks. It is not a matter of technology though. You need people rioting, the governments having the balls to do it or a combination of both.
In time they will print new shares to pay the executives 100s of millions each but printing those shares is not instantaneous and it is regulated.

If the business does not become profitable, they will keep diluting it to pay the executives and fund the operation till people no longer trade the stock.
Op is talking about bailing out homeowners instead of mortgage lenders.
> But it's also useless without the service provider, and the store specifically asked me if the app was good at trading stocks, linking bank accounts, tracking stocks.

This confirms what I said though. You tell the store "this app isn't good at trading stocks" because "GME was made unavailable for trading"? For that logic to follow, it would mean the app misled you or confused you when GME wasn't available for trading. But that's obviously not what happened here. Blaming it on the app for this seems very much like blaming your bus driver because the transit company changed the schedule.
That's another thing I don't use, any accessories that take batteries. My phone is the main exception.
Oy vey.

No.

There's no symmetry of information between you and an exchange and the arbitrage bots and various other manipulation bots, whales in their discords, and so on. Between you and and the Tether bros. For instance, where's the audit? Only Tether and Bitfinex know what they're actually holding, if anything. That's not symmetry of information.

There's no symmetry of power. Power is a function of position size. Your statement is only true if everyone has a position of equal size.

There's no symmetry of risk exposure and reward. That's a function of your position size.

There's symmetry of opportunity to invest your position but it doesn't matter if you're an ant in front of a freight train. Both have equal access to the tracks! In fact that's not even true at exchanges or with variable transaction fees.

This argument you're making is basically Citizen's United. "Money is speech, and all speech is the same no matter how much it costs!" -- Incorrect. Money is volume. Anyone can talk free of charge but unless you're doing it loud enough, what you have to say doesn't matter because nobody can hear you.

I get it, these are the typical kool-aid lines from r/bitcoin. They do not stand up to even the slightest bit of scrutiny.
I'd keep my account if it was 2, but I'm getting rid of it for 1.

If they go insolvent, I still own the things I own, but if they're screwing me over, there's no point in owning thjngs
Google should go ahead and adopt a new slogan “We are evil, so let’s let the world know it.”
What Did We Lose When We Lost the Stars?
> A user can't be expected to know where the line is between "working as intended" and "misbehaving".

Sure they can. RH even blasted out messages through the app telling people exactly what is going on, and what they can and cannot do. Nothing I'm aware of confusing about it, certainly nothing that caused people to give this rating. I don't think people are dumb enough to not understand the difference between "this app is broken" and "I was forbidden from trading GME" with all the indications that were shown on the UI.
/r/wallstreetbets has 5.3mil members right now, up from ~2mil a week or so ago.

Reddit has not been helpful at all. The mods made a post after they shut down the sub saying that the Reddit API can't handle the amount of traffic they need to moderate, and they've asked for special permissions.
Likely because they were the first, and the rest caved in shortly thereafter (though in some cases, it was the clearing houses who stopped taking orders). In RH's case, it was RH's management itself that made the call, which makes them more accountable to the decision. They can't point to their clearing house and say, "don't blame us: it was the clearing house".
Then they should have halted both buy AND sell, just like the NYSE, but they made it sell only instead.
It would be easy to seperate the reviews for providers and apps. Google doesn't do that.

Same for Amazon. Very often bad reviews are for the seller or the packaging or the time for delivery. Then there are discussions from people who tell other people to review the product not the seller and on it goes. Amazon could have split - with ML I think they still could - the reviews and the seller in a way that satisfies users (seller reviews are much harder to find and not accessible at the point of product review).
This is not how WallStreetBets started. I joined the community in 2017 and I can tell you, there was high-level due diligence going on that made me wonder if some of the people posting might also be working at large investment banks, but couldn't get these certain trades they were advocating past their compliance guys (at some point, "too risky" starts to overlap in the Venn diagram with "too dumb").

Like every thing in the world that gains massive popularity, it attracts the normies who want in on the action, but aren't willing to do the, quite literally months or years (depending on how deeply you throw yourself into it) of learning required to even understand most of the DD posts there.

Yes, there was the occasional ridiculous trolling, like convincing posters on /r/investing that /r/wallstreetbets had a Lean Hogs Insider Trading Ring (which still makes me laugh out loud to this day), but it was far more rare.

Yes, the meme posts have risen dramatically, but there's still occasional good due diligence there, its just now you have to sift through a mountain of shit instead of small hill of it.
Anything that is profitable is good yo. This is a site for making profits above anything else
Because they know this will be investigated throughly given the optics and they would be caught in fraud.

The simpler explanation is that the current price point is clearly unsustainable and thus shorting GME is a crowded trade. As one fund exits another fund enters. If GME goes to $1000 people would still be shorting because, again, this price is unsustainable. It would be new people shorting though as most of the funds shorting at $300 would exit by the time it goes to $1000 (hypothetically).

At the same time there is no world in which GME is worth more than $100 in 3 months, so the question now is who will be the greater fool holding the bag when it goes down. Whatever money shorts will lose now they will regain on the way down (although the short sellers losing money and making money might be different funds as some exit and some enter positions). Of course, the real money makers here are MMs that will be collecting a huge bid-ask spread on both directions.

I don't think there is much good news for the retail investors though. As with all bubbles the people who got in early and had the acumen to sell before it pops will make boatloads, but the vast majority will lose.
Serious question: Since Facebook is a private company, does the "if you don't like it, you can build your own platform" argument apply here? Or does that only apply selectively when it benefits partisan politics?

The RobinHood $GME situation is the natural next step in societal evolution once extreme censorship is given a pass. If you support the "go build it yourself" argument, you no longer have the right to complain about anything that's theoretically reproducible.
How was the volume of GME enough to cause this problem? Today was around 60 million. Aren't they usually executing billions of trades across the market every day?
Who is going to buy the shares from them?
The slippery slope is in full effect. Platforms engaged in mass, coordinated de-platformings and people lapped it up because orange man bad. Now the orange man is gone, but the mass coordinated de-platformings still remain and are now being wielded for YOLO reasons.

I have been on wsb subreddit and discord server for a long time. There has been zero change in the culture or the type of content or the tone of the conversations in all that while, right uptill the discord server was banned. Either these platforms knew there was bad content but did nothing, or they know there is no bad content but are using it as a flimsy excuse to help out their fellow Harvard MBA's.

Ironically the orange man would be the one laughing at all of this today.
Nobody. That’s the problem, if you will. Users are effectively pushed away from OpenBSD.
I think the review is meant to reflect the entire product, not just the app. That includes robinhood's service, they're not separate. And robinhood passed a lot of people off by restricting the buying of certain stock. The backlash is warranted
> whether he was too naive to properly appreciate how corrupt the system is

Oh, there's no question that he was naive, but you're betraying your own naivete here. Who do you think rigged the system in the first place, if not Donald Trump and his ilk? Was he merely naive when he signed off an a trillion-dollar tax break for the wealthy and an ongoing tax increase for everyone but the wealthy? What else could anyone have expected from hiring the fox to guard the henhouse?
Inauthentic Instagram accounts with synthetic faces target Navalny protests
> set a cost-of-living salary

This is total nonsense, and you should never put up with this rationalization if HR tries to pull "cost of living" on you. Explain to them that it is called a "labor market" for a reason. Prices in markets are determined by supply and demand; pricing is not driven by cost except as a floor. This is economics 101.
"According to Hoyle" is an English idiom. It means that all the rules are followed and everything is fair.
Sarcasm is the song of a bird who's grown to love his cage.
They look for cheap calls, that’s about it. It’s standard buy low sell high stuff.

That’s why I don’t get why they are being made out to be some kind of evil geniuses/idiots.

It’s very standard stuff.
So, if I understand you correctly, there isn't a secret puppet master cabal of lizard people from Nibiru pulling the strings of high finance.

Is there a saying akin to Hanlon's razor in this case, something like "Never ascribe to conspiracy that which is adequately explained by finite resources and inflexible rules/regulations"?
Option 1 has that same liability, doesn't it?

The manipulation isn't different from insolvency
Market manipulation, you dont seem like an impartial player here
It is. The default Robinhood account is a margin account branded as Robinhood Instant; if you don't want to trade on margin, you have to downgrade (their term, not mine) to Robinhood Cash.
After sending the bro to their own things, they can finally put up a board that says "dogs and x not allowed"

New achievement unlocked 'segregation'.
Sigh.

In a different life, I worked for a well known discount brokerage in 2005 processing corporate actions. Mergers, splits, divided payments, proxy voting, exercising bond contract provisions, warrants, short covering etc.for retail customers. Not glamorous work to be sure.

I can tell you unequivocally that to deliver the simplicity, affordability, and transaction efficiency we now take for granted, many MANY layers of broker/dealer process and manpower are built on top of pretty archaic systems and processes and regs. I’m sure that’s something most HN readers would roll their eyes at because of how low tech and antiquated it was. But that’s how the market actually functionally works for retail investors. And those regs are often granular and exist because of historical failure.

Just being able to buy stock, and not worry about getting the literal paper stock in your own name is an innovation we take for granted by having securities held in street name. We in fact had some paper stock in a safe because some clients insisted having in their name.

When we processed shorts we literally would hold the short against a specific humans named account or go borrow shares by picking up the phone and calling another broker. Shorts don’t happen out of thin air. It’s someone else stock you’re selling.

In 2005 I would log into a black screen DTC terminal and pull money down at a firm level by manually typing the values in (lord knows what happens if this gets messed up).

If accounts went over minimum margin requirements we would pick up the phone and call them to explain why they needed to close positions or add collateral. One time we closed the entire account an mailed them a check for the balance because they kept ignoring.

When corporate action transactions settled (T+5) we would manually allocate them to accounts, and then print out the accounts affected for manual QA. The print out went into a filing cabinet for compliance reasons.

All of this is to say...it seems like HN model of how retail financial markets work is like super efficient APIs that transact like magic plumbing. In reality it’s more like an anthill built on top of a Rube Goldberg machine. You may not want to believe that RH and other brokerages have to abide by insanely complex and Byzantine rules and regs and systems and interactions because they make a drop dead simple experience in their app...but they almost certainly do.
My collection of List of Threads regarding GME and r/wallstreetbets/ saga
I want an 8x1/2 by 11 (standard US paper size) screen area device for reading PDFs. So far I haven't found one. It should have high dpi so I can read graphs embedded in papers. It should handle the new terabyte micro cards.

I don't need network access. I don't need writing. I don't need color.

Someday somebody will make one.
Toxicity is a well-defined technical term in market microstructure literature. It basically means whether the direction someone trades in predicts the short-term direction of the market.

It's not a moral judgement. So to answer your question, hedge fund order flow is considered highly toxic. Which is why Citadel Securities pays to interact with non-toxic retail flow, instead of toxic hedge fund flow.
I don't see much promise in the business model of selling physical copies of video games at mall retail stores. Yes, I've heard what the stock promoters are saying about the company turning around but color me unconvinced.
This goes beyond online communities: https://www.goodreads.com/book/show/6611240-three-felonies-a...

Short summary: you dear reader are a federal felon, the only reason why you're not in prison is that no one has bothered to lock you up yet. The laws on the books and the way we live our lives have diverged so much that you commit at least three felonies by the time you have had lunch.
Thats more to do with zoning and permitting.
Tell me 3 other platforms that are like Facebook or Twitter or Youtube one can switch to ? This is an attack on free speech and free trade
Relationship Between User Growth and Content Algorithms – Douyin vs. Kuaishou
There's an intricate array of counter party liabilities. Who knows how far it cascades.
None of them have any gains until they press the sell button.

The early buyers will probably sell a little bit to lock in profits. This drives the price down. They’ll then go on to social media and pump GameStop everywhere with memes and stories about taking down Wall Street. This brings in new money to pump the price back up.

This is what they’re already doing: Pumping the stock to bring in new money, which they collect by selling the new entrants some of their shares. The new entrants catch on to the game and start recruiting more people to pump the price further, and so on.

Eventually people realize this can’t go on forever. New entrants might see their value drop 50% as old entrants cash out. They’ll panic and sell everything, which triggers more people to panic and sell, which drives the price down.

Some will try to buy the dip, but eventually the pump will run out of steam and new players will get tired of bleeding money for a mythical “infinity squeeze” that never happens.
Who is the true customer in case of amazon prime?
Closing without recourse during margin call if you are way below maintenance is normal operation. This is the problem with GME, it is extremely volatile and brokerages don't want to be left holding the bag when the bubble bursts and everyone who bought it on margin goes bust.
This is where a block chain will be useful to make sure that there is a fool proof locking mechanism.
responsibility for maintaining the integrity of app reviews
GameSpot throwing Bricks and Mortar at RobinHoodApp:D
The difference here is that the people left holding the bag are nominally the short sellers, not anyone being conned into buying the stock. There is a risk that you could hold it too long, i.e. past when they've closed their positions, but that risk is known up front and you're not deceiving anybody.

An interesting resolution to this would be if GameStop would allow the short sellers to close their positions by selling them newly minted shares. The result would be that the company would get all the money instead of the shareholders. But the shareholders own the company. So the share price would only crash by half (from the dilution) instead of 99% or whatever it is now.

Which would also have the effect of saving the company.
Doesn't make sense to review only UX part of the app or any other part of the app. For me the review should include the whole experience the app gives.

Yes I would expect Facebook Messenger app review to include the facebook messenger service experience.
It is much simpler, for once. Just a Javascript library, basically, not everything and its dog only usable from Docker, like Grafana/Kibana (this accidental complexity is a main reason I don’t adopt this stack).
They only allow you to invest up to $1K immediately even if you transfer larger amounts. to be able to use the rest you need to wait.
This is exactly how I understand functional core/imperative shell. The functional core returns a structure describing what should be done and the imperative shell goes out and does it.
>Market manipulation is the wrong crime and requires actual transactions.

You can be charged for securities fraud just by tweeting baloney if you are important enough. Ask Mr Musk. This is 100X worst. So no, you dont need actual transactions to be charged with fraud.
Would you say the same thing if it was a 3rd party developer writing the app? Someone like yourself who's just trying to put a better app in front of Robinhood? Would they deserve blame for this too?
Did it last year. Moved to fidelity. No regrets at all.
oof this hits too close to the mark

upvoted :)
None at all. Being ~5'9" & 135 lbs, my back-of-the-napkin BMI is ~20.

Fitness is pretty low these days given COVID, but I used to be quite fit (former Fitness company). That didn't really move my BP much.

My biggest levers for BP are salt intake and work stress. Currently a co-founder so work stress is rather high handled with a bit of mitigation practices like meditation, but definitely not enough.

Overall I'm on borrowed time of sorts and do my best to be thankful for each day... doesn't always come through.
I don't think you meant this sarcastically but it's probably closer to reality than you think.

They certainly aren't paying full-time employees to go through tedious stuff like that. That's what contractors are for!
Technically there is should be only one person owning the stock and only one person who can short it at a time.

That is why the system needs something like a block chain semaphore.
That's how reviews are supposed to function. If the users are outraged at the app for what they feel was wrong behavior by the app and it's associated service, they are entitled to it. Just as I am entitled to leave a glowing review if the issue does not affect me.
This is one of many reasons I moved to and started contributing to OpenStreetMap
Gotcha!

If you already learned pure functional programming through Haskell, then I would not recommend to learn Scala to broaden your overall language-skills.

If you haven't really done the pure functional programming thing, then I recommend to learn it. Especially the way of doing concurreny would be very very different from how it's done in both Rust and Elixir. Scala also has actors, but the other way of doing concurrent programming is more interesting. For example, check this here: https://zio.dev/docs/datatypes/datatypes_stm

This is something you don't have in Rust or Elixir at all (to my knowledge).

But if it's really just for the sake of learning, I think choosing Haskell is better - who cares about strings when you learn these things.

If you want to specialize, learn Rust in and out. :D
Most of Hotwire uses regular HTTP requests. Web sockets are only used for broadcasting real-time updates. (Basically anything you’d traditionally use polling for.)
Agreed. Much as there's a difference between "free as in speech and free as in beer" there's a distinction between "usable like hammer and usable like cocaine". For as long as engagement is allowed to pay better than utility, thats what's on the menu.
Nice thanks. I'm open to it but X never really bothered me. My setup on Ubuntu Mate just works how I like it. I don't really screen share. Never edited xorg.conf either, although I did fight with xfree86.conf many times decades ago.

I think I tried stock fedora a year or two back to try Wayland but didn't like gnome 3, so didn't stick with it. Is there a distro with W and gnome2/mate support?
They've been very public and transparent for all to see about their strategy. It's a very common play when naked shorts are this exposed. The WSB side of this is a distraction. Michael Burry of Big Short fame has been talking this trade and pouring hundreds of millions into this gamma squeeze since the summer.
It’s an app for trading stocks. Suddenly I can’t use it to trade stocks. One star is warranted.
Why is it "over leveraged"? What makes you think the stock is "out of balance"? The hype men will have you believe that there is some magic percentage or tipping point that makes it a good buy but it's pure bunk. If GME has any relationship to the company GameStop (which it does) the stock should be in the toilet and is very likely to go out of business soon, which makes a massive short position very reasonable.
Are you going to ban CNBC? People are adults, and they absolutely should not be trading until they’ve performed their own research.
Yeah, this is basically the same situation. I confess this has always been perplexing for me too. I don't understand how people can give poor ratings to a seller when they don't like a product. It's clear as day to me what each review is intended for, but apparently not to everyone?
Who Needs Fibers?