The founder of Yammer, Craft Ventures, and co-founder of PayPal, David Sacks has recently published an excellent article arguing why the trading ban on GameStop stocks was just a warning coming from the elites. The first issue for the online traders’ group occurred when the digital distribution platform Discord banned the WallStreetBets account after the close Wednesday accusing the group of promoting “hate speech, glorifying violence, and spreading misinformation”. At the same time, WallStreetBets investors faced yet another coup. As of Thursday morning, they were locked out of their trading accounts by several online brokerage firms, including Robinhood. Needless to say, that provoked a major backlash and enraged users began registering their discontentment by leaving over 100,000 one-star reviews of the Robinhood app in the Google Play Store, but Google deleted them.
Keeping in mind that those investors were clumsy outsiders, their primary tools to keep the movement running were online trading and social networking, but both were halted during the peak of the market frenzy, while hedge fund insiders were let off the hook. That is censorship plain and simple, being weaponized to shut up dissonant voices. Currently, tech companies have all the power on their hands, and they benefit from it as much as they can. So whenever is convenient to shutdown a platform, a forum, an account, or whatever means are used to express varying opinions, they will do it on a finger-snap. At a time when Alexandria Ocasio-Cortez and Ted Cruz voice similar concerns over what happened to WallStreetBets, we should all be realizing that this isn’t a political issue of Left vs. Right anymore. We’re now talking about the force of insiders vs. outsiders.
What social media provided to outsiders was the opportunity to organize themselves so that their actions could have real power to effect change, and also to express their disgust and expose the way incompetent elites protect each other. That’s why the elites of Big Business, Big Media, Wall Street, and Washington are completely panicked about the Reddit movement and are willing to leverage any censorship power to keep the outsiders away.
Radio host Rush Limbaugh has also recently that the establishment will always censor or cancel anything that doesn’t match with the interests of the ruling class, whether it’s free speech or even attitude. Apparently, right now the elite’s biggest fear is social media. For that reason, we constantly see them targeting whatever groups disrupt the status quo by accusing them without evidence of spreading hate and misinformation, just like they did with WallStreetBets. Wall Street has just felt the power that organized social networks can have and how, for the first in history, people can find loopholes in the system created by the elites to infiltrate into it and threaten to take over control. Thanks to social media, the outsiders are threatening to seize the Tower for themselves, and the insiders have never been more terrified.