Ex MassMutual advisor behind Reddit GameStop thing

[scagnt83]

They were talking last week about banning new accounts/low karma accounts from posting.

They should have done that.

Yeah, it seems they saw it as a double edged sword. More people helping helps the cause more. But its allowing disinformation that could kill the cause.

Maybe they could make it "view only" by the public and only members can post? Or is that how it is already? Im not real familiar with reddit.

I could see them closing it to membership after this... maybe culling some members who are posting disinformation.

 

[Tahoe Ray]

Yeah, it seems they saw it as a double edged sword. More people helping helps the cause more. But its allowing disinformation that could kill the cause.

Maybe they could make it "view only" by the public and only members can post? Or is that how it is already? Im not real familiar with reddit.

I could see them closing it to membership after this... maybe culling some members who are posting disinformation.

Anyone can post in that subreddit. You don't have to be a member (you do have to actually be signed up w/ Reddit to post anywhere).

It's tough because there are only 7 or 8 mods and they just added 7 million subscribers. How do you sort through the noise to ban the folks posting bullshit?

 

[Allen Trent]

How do you sort through the noise to ban the folks posting bullshit?

just to be clear, are you asking about Reddit or Insurance Forums....................LOL

 

[scagnt83]

just to be clear, are you asking about Reddit or Insurance Forums....................LOL

You could ban around 5 or 6 members on here and it would probably eliminate around 70% of the non-insurance discussions.

 

[scagnt83]

It's tough because there are only 7 or 8 mods and they just added 7 million subscribers. How do you sort through the noise to ban the folks posting bullshit?

Good point. No real good answer to that. Should have cut it off before it became the monster it is ig.

 

[scagnt83]

For those trying to follow the drama. Citadel Capital, the hedge fund being squeezed by the reddit traders, is the 5th larges holder of SLV fund... the fund the media has been hyping up all weekend as the "new reddit short squeeze".

No surprise that Citadel also owns large positions in some of the parent companies of those media outlets....

If SLV is squeezed and rises dramatically, it helps Citadel make up the losses they are currently incurring, and allows them to keep fighting the short squeeze.

THIS is true "fake news".

 

[Tahoe Ray]

Good point. No real good answer to that. Should have cut it off before it became the monster it is ig.

They could fix it without having to mod.

30 day account age to post. Minimum karma to post. Must be subscribed for a certain period of time to post.

All of those would work. I just think mods (and Reddit admins are probably involved at this point) are overwhelmed.

The need to do something though. This SLV thing is a misdirection. Citadel is one of the largest SLV shareholders and now we're squeezing silver? Bullshit.

 

[Tahoe Ray]

For those following the drama. Citadel Capital, the hedge fund being squeezed by the reddit traders, is the 5th larges holder of SLV fund... the fund the media has been hyping up all weekend as the "new reddit short squeeze".

No surprise that Citadel also owns large positions in some of the parent companies of those media outlets....

If SLV is squeezed and rises dramatically, it helps Citadel make up the losses they are currently incurring, and allows them to keep fighting the short squeeze.

THIS is true "fake news".

hahaha...posted at the same time.

 

[scagnt83]

I like the stock $GME

 

[Tahoe Ray]

I like the stock $GME

Careful, you're gonna end up in front of congress.