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Facebook Shuts Down Trading Group

by talfighel
16 replies
Yup....

I just learned that Facebook shut down a trading group that had like 150,000+ members on it.

No group, especially when you violate their terms, is SAFE.

There are many groups in FB that rely on learning and sharing ideas on many topics but these days, you are not guaranteed that you group will stay on FB forever.
#facebook #group #shuts #trading
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  • Profile picture of the author Matthew Stanley
    Pretty worrisome if not wholly surprising. This Wall Street Bets story is really something ... *really* seems to rile "the powers that be", while at the same time presenting a pretty unsympathetic "victim slash villain" (hedge fund 'suits') and unveiling a legion of often quite clever retail traders.
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  • Profile picture of the author Odahh
    Originally Posted by talfighel View Post

    Yup....

    I just learned that Facebook shut down a trading group that had like 150,000+ members on it.

    No group, especially when you violate their terms, is SAFE.

    There are many groups in FB that rely on learning and sharing ideas on many topics but these days, you are not guaranteed that you group will stay on FB forever.
    that trading group was probably not violating any tos as of a weel ago but because of the event the last week .. Facebook banned them

    if you own facebook stock in anyway .. you support what Facebook is doing .
    if you have money in mutual fud or index funds that invest in the restricting speech ..

    you fully support the censorship and end of fee speech
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    • Profile picture of the author Matthew Stanley
      It's a difficult problem when just a few companies run the show (Google censoring widely used chat app Element the other day another example of this ... akin to blaming Google if someone used Chrome to access illegal content)

      Smart people like Balajis Srinivasan believe decentralized media is "the way out" of this, but the super aggregators and network effects obviously present big barriers to that scaling (in the near term, at least)
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    • Profile picture of the author Gary Handy
      Maybe their behavior could involve a measure of bias; I have seen a lot of garbage on Facebook that deserves shutting down, and they allow it. However, there is another side to consider: whenever you sign up to some's network, you need to follow their rules and play on their terms, especially as it relates to advertising.
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  • Profile picture of the author superowid
    But facebook still gets and keeps that 150,000+ member's detail, right?!
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    • Profile picture of the author Eagle07
      Originally Posted by superowid View Post

      But facebook still gets and keeps that 150,000+ member's detail, right?!
      Right! but they call the shots.. the Trading group might be on insiders so it's not allowed. All is well...
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    • Profile picture of the author WF- Enzo
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      Yes they still keep the data of those 150k+ members.

      Originally Posted by superowid View Post

      But facebook still gets and keeps that 150,000+ member's detail, right?!
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  • Profile picture of the author writeaway
    This sad news highlights the importance of BUILDING YOUR OWN MAILING LIST

    Control your communication channel
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    • Profile picture of the author TobiMDD
      Originally Posted by writeaway View Post

      This sad news highlights the importance of BUILDING YOUR OWN MAILING LIST

      Control your communication channel

      yep it seems like it never gets old..
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      • Profile picture of the author writeaway
        Originally Posted by TobiMDD View Post

        yep it seems like it never gets old..
        It's all about CONTROL

        Imagine sinking tens of thousands of dollars and months of labor in a group...

        only to see it go up in smoke

        The same applies to Youtube channels, IG accounts, etc etc

        Make sure you build an ASSET YOU CONTROL...
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        • Profile picture of the author talfighel
          Originally Posted by writeaway View Post

          It's all about CONTROL

          Imagine sinking tens of thousands of dollars and months of labor in a group...

          only to see it go up in smoke

          The same applies to Youtube channels, IG accounts, etc etc

          Make sure you build an ASSET YOU CONTROL...
          No matter how good you are or the group is....

          You can't control staying there for a long time.

          No group is safe.
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  • Profile picture of the author synd66
    Not surprising
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  • Profile picture of the author Ian Jackson
    Probably because "financials" (read debt) are such a problem for so many, and few, if any, of the advertisers are even vaguely qualified to "teach" what they preach. And they spam PMs a lot too; bitcoin being the current vogue. Historically I've challenged few to reveal their professional creds.
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  • Profile picture of the author designconversion
    Banned
    [DELETED]
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  • Profile picture of the author jasmeet aryson
    Hello, It is true that facebook shut down the trading group because many fake trading company in the group.
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  • Profile picture of the author Mary Annabelle
    It's not surprising. People get scammed a lot on trading groups. You don't even know who's real and who's not. The spamming on those groups are annoying
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