What in the world is happening with the stock market?
Things got super crazy at the US Stock Exchange today and for Christians, it only highlighted the need for DingDash.com.
What happened with the stocks today might seem complicated, but it is not. Wall Street is going to try and tell you what happened is really really really bad. They would explain to you what has happened, but the truth is you are too stupid and average to understand, so just TRUST THEM – bad people did bad things and needed to be de-platformed today to protect you from what happened.
In a nut shell, some really rich and powerful people on Wall Street were secretly betting on certain stocks to lose a lot of money and they bet big. They were wrong, they lost a ton of money and now they want to change the rules and be compensated for their losses.
That is it. That is as simple as it is.
What does this have to do with DingDash?
Oh, well it turns out that online discussion groups that were not controlled by Twitter, Facebook or Google had legally planned to invest in stocks that Wall Street insiders were betting against. Those in the discussion groups coordinated to invest in stocks, the stock values went up and not down and the Wall Street insiders did not have the insight they thought.
It’s very simple math. Hedging or betting on a stock to lose money is very risky and you can lose your shirt. We all know that. Stock speculation is risky, but now the elite and powerful are wanting to stop free speech – for your protection – and the protection of their money.
A group on popular platforms Reddit and Discord, known as WallStreetBets, saw an opening for investment that played against the day-trading elites and they totally won. They won big. The Wall Street elite was left holding a bag of bad investments – and then the game changed.
Suddenly investments were stopped, online discussion groups were removed and companies, one after the other, got in line and did what they were told to do.
Robinhood, the preferred investment app for those who coordinated with WallStreetBets, stopped all investments that met the profile of WallStreetBets. Robinhood then significantly raised the threshold of the financial investment restricting access to poorer investors and then laughably explained, “We fundamentally believe that everyone should have access to financial markets.”
Then, Discord messaging banned the investment group, not because they broke the law, but because they were racists.
Today, we decided to remove the server [WallStreetBets] 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 authorities as appropriate.
Elon Musk quickly jumped in on this and Tweeted, “Even Discord has gone corpo…”
In light of what has been happening in the last 30 days, DingDash users are super sensitive to these kinds of brash moves coordinated by governments and corporations who attack the ability for individuals to speak freely with one another on the Internet, because we know the implications for believers.
DingDash continues to be a free speech platform for believers around the world. You can sign up today for free by clicking here.