Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. However, some of these recorded a dip in their prices in the after-hours session on Wednesday following Discord’s ban. was followed by a rapid surge in their value. Over the past week or so, the Reddit forum’s posts on stocks such as GameStop, BlackBerry (TSX: BB), AMC Entertainment (NYSE: AMC), etc. WallStreetBets is said to have gone private on Reddit for a brief time. Moderators of the Reddit forum have reportedly described their ban on Discord as “unethical”, slamming the platform for “destroying our community”. The digital platform’s guidelines strictly prohibit hate speech, misinformation and glorification of violence. Short-stock commentor and Citron Research editor Andrew Left released a video on Wednesday noting some of the threats he received for his bearish take on GameStop stocks.Ī spokesperson for Discord announced on Wednesday that after much monitoring and multiple warnings, the messaging platform came to the decision of banning WallStreetBets for violating its community guidelines.ĭiscord has clarified that its decision was not triggered by WallStreetBets' promotion of stocks on the platform, but for continuing to indulge in “hateful and discriminatory content” despite repeated warnings. His post was soon followed by yet another surge in GameStop’s stock price on Tuesday.Īlong with its bullish commentary, WallStreetBets was also noted for indulging in hateful speech and trolling. The group has been widely credited for propelling video retailer GameStop’s ongoing stock rally.Īs GameStop’s insane upswing and WallStreetBets’ chatroom war on short-sellers became a trending chatter on Twitter, Elon Musk had joined in earlier with a subtle one-word tweet. WallStreetBets, a coalition of day traders who interact on the community platform Reddit, gained massive fame over the past week for boosting stocks targeted by short-sellers. The billionaire put out a tweet saying that the communications company has gone “corpo”. Tesla Inc founder Elon Musk was shared a piece of his mind after US messaging platform Discord took down Reddit forum ‘WallStreetBets’ on Wednesday, January 27, for violating its guidelines.
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