Robinhood, TD Ameritrade restrict buying of GameStop, AMC stock – shorters continue game, killing pumpers. Reps + Dems agree market manipulation. The shorters are big customers and are reloading their short positions.

GameStop’s stock has continued to make big moves, briefly crossing $450 a share on Thursday, fueled by Reddit users collectively taking on the Wall Street establishment. But individual investors looking to make trades have faced multiple issues on trading sites and apps over recent days, with many experiencing service disruptions, according to Bloomberg. The frenzy over GameStop stock has led to TD Ameritrade restricting certain trades, while Robinhood froze any new purchases of particular stocks (GameStop and AMC, among others). It also led to the Wall Street Bets subreddit temporarily getting locked and a Discord server getting shut down for violating terms of service. Watch this: What does GameStop’s skyrocketing stock have to do with…10:15On Thursday morning, Twitter users began posting screenshots of their Robinhood app that showed a message appended to the stocks of GameStop, AMC, Nokia and Bed, Bath and Beyond: “This stock is not supported on Robinhood.”Editors’ top picksSubscribe to CNET Now for the day’s most interesting reviews, news stories and videos.Yes, I also want to receive the CNET Insider newsletter, keeping me up to date with all things CNET.By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.Robinhood explained the move in a blog post Thursday morning, just before the stock exchanges opened: “In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK.”The @wsbmod Twitter account (which is tied to the Wall Street Bets subreddit community driving recent trades), responded in a tweet: “Individual investors are being stripped of their ability to trade on [the Robinhood app]. Meanwhile, hedge funds and institutional investors can continue to trade as normal.”

Source: Robinhood, TD Ameritrade restrict trading of GameStop, AMC stock – CNET

Here comes the slander: Discord Bans r/WallStreetBets For Hate Speech Violations

After kicking off a historic rally around GameStop stock that has incited the ire of hedge fund tycoons and the SEC, the r/wallstreetbets channel was banned from Discord on Wednesday over apparent hate speech violations.

While some on Reddit were quick to speculate that the server had been taken down by hackers as part of a covert attempt to disrupt their push to drive the stock’s price higher, a Discord spokesperson told Gizmodo that the channel had been banned “for continuing to allow hateful and discriminatory content after repeated warnings.” On both Discord and Reddit, wallstreetbets users frequently refer to themselves collectively as “retards” and “autists,” and have been known to deploy the kinds of racial slurs and deliberately offensive language that have become commonplace in 4chan-style posting forums.

This is slightly disengenious at the very least. Just saying “shit” somewhere puts you in this category.

Here’s the full statement from Discord:

The server has been on our Trust & Safety team’s radar for some time due to occasional content that violates our Community Guidelines, including hate speech, glorifying violence, and spreading misinformation. Over the past few months, we have issued multiple warnings to the server admin.

Today, we decided to remove the server 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.

Moments after confirmation of the Discord ban surfaced online, the official r/wallstreetbets subreddit was set to private by its moderators, but has since been made public again. In a new post, moderators for r/wallstreetbets argued that the staggering growth of the community in just a few days’ time had made moderating it effectively impossible, and blamed Discord and Reddit’s software for any shortcomings in cracking down on offensive language.

Source: Discord Bans r/WallStreetBets For Hate Speech Violations

Note there is no statement from anyone from wallstreetbets. I recommend you read the  reddit yourself.

Very poor reporting, Gizmodo.