Superstonk

cross-posted from: https://lemmy.world/post/1089895

I just talked to Mainstar Trust and they blamed it on Computershare👀 I'm not sure what to believe🗣 Discussion / Question

I just got off the phone with a lovely Mainstar Trust customer service rep; she knew exactly what I was calling about. Apparently they've had a lot of people call about this letter they sent out:

https://www.reddit.com/r/Superstonk/comments/14pl47h/mainstar_moving_drs_shares_to_dtcc_account/

She said it takes too long to get confirmation of DRSd shares, too long for shares to leave Computershare to get sent there for people to sell, and they don't get their monthly reconciliation reports fast enough. They're no longer offering DRS and are actively un-DRSing people's shares. Interesting.. since Transfer Agents are bound by strict requirements(since the 70's) that include turnaround times for processing and prompt responses to inquiries. According to Computershare's FAQs they complete the transfer the day after the request:

Computershare mentioned broker-dealers and how they don't process things in a timely manner in their recent comment letter for shortened settlement time:

https://www.reddit.com/r/Superstonk/comments/143f9hl/computershares_letter_on_shortening_the/

She said they're waiving any transfer fees until end of August(although I'd call to double check that to make sure) if people want to transfer to another Custodian.

I'm sorry if you have to deal with this, this is ridiculous how difficult it is to DRS IRA shares.

Posted via @Zuberi Reddit-scrapper (Manual Reposts). PM me for suggestions.

Posted via @Zuberi Reddit-scrapper. PM me for suggestions.

Reminder. The 65B company (Citadel) stands to lose (at least) $6.5T.

The DTCC, and then the Fed are gunna take that hit.

Tencent is ~250B, and have a sizeable stake in Reddit

Chinese Gov GDP of 17T, has very strong ties to Tencent and its money flow

Cede and Co 34T

Reddit is worth 10B tops, obviously Drew Vollero (Reddit CFO) is making STUPID money under the table to kill his own platform.

The people that are like “rEdDiT wOuLdNt DiE oN pUrPoSe” just don’t understand HOW MUCH MONEY influences these platforms.

They’re killing the gme subreddits soon. I can feel it. They DO NOT want us talking to each other when this kicks off 😂…

I was banned from reddit because I flagged the pinned SEC rule proposal post on r/supersus as misinformation (because it is). That was the last straw. I quit r/supershit and reddit in general. This is now my new home. I trust miller and chives, two actually DRS'd apes. Hello guys.

(credit to reddit u/lawdog7)

This is a long overdue update on BCG's lawsuit against GameStop.

The last update discussed Gamestop's pending motions to transfer venue and to dismiss the case. The Court has since ruled on both. While the Court denied Gamestop's venue motion, it granted--in part--the motion to dismiss.

The Court dismissed all claims other than the breach of contract based on a "Type II preliminary agreement." Source

The Court did give BCG an opportunity to replead, which they did Gamestop has now moved to dismiss the claims as replead. Both sides have filed briefs and the Court should rule on the new motion to dismiss soon.

✌

This is still the best evidence I've seen that we're right. Right from the SEC itself, esp pages 25-26 regarding short selling, but there's some other nuggets in there as well.

GME is the only stock that staff observed as having short interest of more than shares outstanding in January 2021.

Given the high levels of short interest, together with the price movements in GameStop, a natural question is the degree to which these price movements arose from a “short squeeze.”

Figure 6 shows that the run-up in GME stock price coincided with buying by those with short positions. However, it also shows that such buying was a small fraction of overall buy volume, and that GME share prices continued to be high after the direct effects of covering short positions would have waned.

...it was the positive sentiment, not the buying-to-cover, that sustained the weeks-long price appreciation of GameStop stock.

Boom. Shorts never closed. Squeeze hasn't squoze.

The short interest reported to the public is a manipulated figure, and the fact that more shares were publicly acknowledged as being shorted than even existed as shares outstanding confirms that these hedge fuckers engaged in naked shorting.

I've been searching for Superstonk on Lemmy and have t come across any. GmeCanada seems to be the only one. I can't seem to sub to it though.

Are there honestly less than 100 apes boycotting reddit?

A website that has constantly censored DD has attacked the sub and has actually shut Drsgme.

Why would apes stay there. Basically an abusive relationship at this point.

Weird that a sub that is at the forefront of transparency and spearheading equality.

From a technical standpoint, the protocol (ActivityPud) underlying Lemmy and Kbin has security and performance faults that make it inefficient. It's a great step towards decentralization but there is another alternative that I want to raise awareness of: Nostr.

Nostr is another protocol, like ActivityPub. Similarly, to Lemmy and Kbin on ActivityPub, Nostr has clients built on top of it. For instance: Damus on iOS, Coracle.social on web.

Right now, most clients only behave like twitter clones. However, the nostr protocol is much more robust than ActivityPub. It could easily support reddit-like platforms-- developers are already working on it-- as well as far more, like crypto payments, game-server-host connection, and more. Critically, it is possible to create ActivityPub-Nostr bridges.

It's early days in this new frontier of decentralized social platforms. If you are excited about The Fediverse, definitely play with the nostr protocol as well.

In this thread, you can also share your nostr pub keys so we can build the GME community there!

cross-posted from: https://lemmy.world/post/378883

Clearly there are bad actors amongst the moderators on SS.

ANY account can currently comment on the sub, regardless of age/karma. It's essentially no-mans-land.

Please help get GME subs off of Reddit for good.

It would be a shame if somebody kept sharing the Gamestop communities to the users who don't quite understand yet.

/c/drsgme /c/[email protected]

cross-posted from: https://lemmy.world/post/349489

As many of you have already heard, Reddit has announced that they are interpreting their Mod Code of Conduct to mean that moderators can be removed from their communities for 'vandalism' if they continue to participate in the protest against their policy on 3rd party apps.

This is ultimately Reddit's Web site to run: they are free to make any rules change they want, at any time they want. We can't stop them. They are also free to interpret their existing rules to mean whatever they say they mean.

But- for now, at least- I am free to say that it is utterly false to claim that participating in a protest against Reddit is 'vandalism'. Breaking windows is vandalism. Egging a house is vandalism. Scrawling 'KILROY WUZ HERE' on a bathroom stall is vandalism. Vandalism is destruction or defacement of another's property- not disagreeing with them while happening to be on their property.

This stretch of the definition of 'vandalism' beyond all believable bounds implicitly endangers a huge variety of speech on the site by users, not just moderators. If a politely-worded protest which goes against the corporate interests of Reddit is 'vandalism', the term can be distorted to include any speech damaging to someone with a sizable ownership stake in Reddit- including:

Criticism of Citadel, Citadel LLC, Kenneth Griffin, Elon Musk, or Tesla

Criticism of the DTCC, the FED, or Cede & Co

Criticism of any Warner Bros. property, due to Reddit parent company Advance Publications' sizable stake in WB

Criticism of Microsoft, Amazon, or Apple, (Reddit investor, Fidelity Investments', first, second, and third-largest holdings)

Criticism of United Healthcare (Fidelity's fourth-largest holding)

Criticism of Fortnite, Gears of War, League of Legends, or any one of a huge number of other games made by Reddit investor Tencent and its subsidiaries

Criticism of the Chinese government's genocide of the Uighur Muslims, repression of Hong Kong and the Tianmen massacre, due to their hooks in Tencent's leadership

News stories critical of prominent Reddit investor and Republican megadonor Peter Thiel.

Are you skeptical of the power that moderators hold over discourse and discussion on Reddit? Good. Such skepticism is healthy- and applying it to the motivations and interests of Reddit's moderators and its admins shows why this change is a threat to the whole platform, not any one group.

If you had the opportunity to take money under the table (well above the reddit 10B valuation) to intentioanlly sabotage your own platform, would you do it?

Today, a bunch of new instances appeared in the top of the user count list. It appears that these instances are all being bombarded by bot sign-ups.

For now, it seems that the bots are especially targeting instances that have:

Open sign-ups No captcha No e-mail verification I have put together a spreadsheet of some of the most suspicious cases here.

If this is affecting you, I would highly recommend considering one of the following options:

Close sign-ups entirely Only allow sign-ups with applications Enable e-mail verification + captcha for sign-ups Additionally, I would recommend pre-emptively banning as many bot accounts as possible, before they start posting spam!

Please comment below if you have any questions or anything useful to add.

In general, when an executive gets paid millions of dollars and leaves a company in shambles, they should be forced to return the money

Due to the ongoing protest against Reddit's new API terms, many subreddits are either private or restricted. sub.rehab lists instances of the Reddit communities on alternative platforms.

As many of you have already heard, Reddit has announced that they are interpreting their Mod Code of Conduct to mean that moderators can be removed from their communities for 'vandalism' if they continue to participate in the protest against their policy on 3rd party apps.

This is ultimately Reddit's Web site to run: they are free to make any rules change they want, at any time they want. We can't stop them. They are also free to interpret their existing rules to mean whatever they say they mean.

But- for now, at least- I am free to say that it is utterly false to claim that participating in a protest against Reddit is 'vandalism'. Breaking windows is vandalism. Egging a house is vandalism. Scrawling 'KILROY WUZ HERE' on a bathroom stall is vandalism. Vandalism is destruction or defacement of another's property- not disagreeing with them while happening to be on their property.

This stretch of the definition of 'vandalism' beyond all believable bounds implicitly endangers a huge variety of speech on the site by users, not just moderators. If a politely-worded protest which goes against the corporate interests of Reddit is 'vandalism', the term can be distorted to include any speech damaging to someone with a sizable ownership stake in Reddit- including:

Criticism of Citadel, Citadel LLC, Kenneth Griffin, Elon Musk, or Tesla

Criticism of the DTCC, the FED, or Cede & Co

Criticism of any Warner Bros. property, due to Reddit parent company Advance Publications' sizable stake in WB

Criticism of Microsoft, Amazon, or Apple, (Reddit investor, Fidelity Investments', first, second, and third-largest holdings)

Criticism of United Healthcare (Fidelity's fourth-largest holding)

Criticism of Fortnite, Gears of War, League of Legends, or any one of a huge number of other games made by Reddit investor Tencent and its subsidiaries

Criticism of the Chinese government's genocide of the Uighur Muslims, repression of Hong Kong and the Tianmen massacre, due to their hooks in Tencent's leadership

News stories critical of prominent Reddit investor and Republican megadonor Peter Thiel.

Are you skeptical of the power that moderators hold over discourse and discussion on Reddit? Good. Such skepticism is healthy- and applying it to the motivations and interests of Reddit's moderators and its admins shows why this change is a threat to the whole platform, not any one group.

If you had the opportunity to take money under the table (well above the reddit 10B valuation) to intentionally sabotage your own platform, would you do it?

The fed is keeping our markets afloat via QE, and swaps kept citadel from going bankrupt in 2021

Proud to be subscriber #16! I don't understand why there aren't more people migrating here due to reddit api debacle. Why would we run to another centralized platform, YT Gangnam style, instead of this in case of emergency?

"Thanks Mark, and hi everyone. I will speak briefly. My father always told me: ‘talk is cheap, actions speak louder than words.’ My responsibility is to make sure GameStop is run by managers who treat company money like their own. In corporate America, the people in charge, the professional directors and management teams, are not aligned with shareholders. They are always the recipients of stock grants, however they rarely purchase company shares with their own savings. There is a big difference between risk-free compensation for showing up, and putting a meaningful amount of your own money at risk. As a result, money is wasted, work is relegated, and a lot of time is spent managing to short expectations and pandering to Wall Street. I like people who roll up their sleeves and do real work. People guided by principles. Not robots who seek to rest and invest. In corporate America, there’s no shortage of overpaid executives, bad capital allocation and chronic waste, and serial delegators. Much of this behavior is both predictable and reprehensible. It is precisely what creates opportunities. Thank you for being a shareholder."

Can anyone explain this to me? There were several issues with Reddit discussed widely in the community, i.e. the brigading rules. Yet, now that Reddit screws over the customer even more with their API stunt, no one cared and the GME subs did not even participate in the Blackout. It would have been the perfect opportunity to migrate here or to other alternatives.

This is all you need to see to understand why we need to have a backup in the fediverse. Power to the Creators.

In case you had any remaining doubts about the viability of reddit as a forum for discussing gme...

Recently, all of the best info on gme came from that subreddit: Discussions, debates, ideas, amazing and fresh DD. Reddit didn't have control of the narrative on that sub and as such, the content was noticeably better.

Makes me bullish that hedgies are still fucked.

Also, I am sooo done with Reddit. But, we will need a new community. Can Lemmy be that new place for our favorite stonk?

I find it pretty funny, the Sub fighting against market manipulation can't even follow a simple system to rally against capitalism.

Honestly makes so much sense that this fiasco isn't put to bed when the sub can't follow simple steps. SUB should be dark in protest but no. Couldn't manage something as simple as just not logging on. No wonder DRS is barely moving

Are we able to get a stream onto Lemmy. Keeps us off reddit?