Discord Bans WallStreetBets

Discord Banned

Discord banned the official server for the r/wallstreetbets sub-reddit for “hate speech” violations and “spreading misinformation” just as the group was experiencing exponential growth and using their coordinated buying power to cause tens of billions of dollars in losses for hedge funds who had short positions in stocks like GameStop.

What an absolutely extraordinary coincidence of timing that Discord happened to decide the r/Wall Streetbets sub-reddit had too much “hate speech” to tolerate on the same day hedge fund billionaires declared them a huge threat for the crime of winning at their expense!

– Glenn Greenwald (@ggreenwald) 27 Jan 2021

Even Discord has gone corpo …

– Elon Musk (@elonmusk) 27 Jan 2021

Discord gave the following statement to Rod Breslau (@Slasher on Twitter):

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 the authorities as appropriate.

Sources / Relevant Material

  1. twitter.com/Slasher/status/1354570005686398979
  2. twitter.com/Slasher/status/1354570702448431109
  3. twitter.com/elonmusk/status/1354609515564560392
  4. New York Post "Discord bans r/WallStreetBets server over ‘hate speech’" by Tamar Lapin (27 Jan 2021)
  5. ZeroHedge "Most Shorted Names Soar After WallStreetBets Reopens" by Tyler Durden (27 Jan 2021)