Anyone else’s Reddit home page doesn’t show superstonk or GME posts anymore? I had to manually search for r/superstonk for any posts to show up

OC: https://www.reddit.com/r/Superstonk/comments/1ahimjo/in_the_sec_report_on_archegos/

I didn't see this In earnings

After all I've seen and all these years, I'm feeling pretty foolish. I put a lot of my livelihood into this and it has gone nowhere but down. I feel like the biggest joke of a person for believing in any of this for this long.

Source: https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/heartlandtristate.html

Heartland Tri-State Bank of Elkhart, Kansas, was closed today by the Kansas Office of the State Bank Commissioner, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a purchase and assumption agreement with Dream First Bank, National Association, of Syracuse, Kansas, to assume all of the deposits of Heartland Tri-State Bank.

The four branches of Heartland Tri-State Bank will reopen as branches of Dream First Bank, National Association, on Monday, July 31, under normal business hours. This evening and over the weekend, depositors of Heartland Tri-State Bank can access their money by writing checks or using ATM or debit cards. Checks drawn on the bank will continue to be processed. Loan customers should continue to make their payments as usual.

Depositors of Heartland Tri-State Bank will become depositors of Dream First Bank, National Association, so customers do not need to change their banking relationship in order to retain their deposit insurance coverage. Customers of Heartland Tri-State Bank should continue to use their existing branch until they receive notice from Dream First Bank, National Association, that it has completed systems changes to allow its branch offices to process their accounts as well.

As of March 31, 2023, Heartland Tri-State Bank had approximately $139 million in total assets and $130 million in total deposits. In addition to assuming all of the deposits, Dream First Bank, National Association, agreed to purchase essentially all of the failed bank’s assets.

The FDIC and Dream First Bank, National Association, are also entering into a commercial shared-loss agreement on the loans it purchased of the former Heartland Tri-State Bank. The FDIC as receiver and Dream First Bank, National Association, will share in the losses and potential recoveries on the loans covered by the shared-loss agreement, which is projected to maximize recoveries on the assets by keeping them in the private sector. The agreement is also expected to minimize disruptions for loan customers.

Customers with questions about the transaction should call the FDIC toll-free at 1-866-431-1725. The phone number will be operational this evening until 9:00 p.m. Central Time (CT); on Saturday from 9:00 a.m. to 6:00 p.m. CT; on Sunday from noon to 6:00 p.m. CT; on Monday from 8:00 a.m. to 8:00 p.m. CT; and thereafter from 9:00 a.m. to 5:00 p.m. CT. Interested parties also can visit the FDIC's website.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $54.2 million. Compared to other alternatives, Dream First Bank, National Association’s, acquisition was the least costly resolution for the DIF, an insurance fund created by Congress in 1933 and managed by the FDIC to protect the deposits at the nation’s banks.

Wut mean?:

• The Kansas Office of the State Bank Commissioner closed Heartland Tri-State Bank in Elkhart, Kansas.
• The Federal Deposit Insurance Corporation (FDIC) was appointed as the receiver.
• To ensure depositor safety, the FDIC made an agreement with Dream First Bank of Syracuse, Kansas, to assume all Heartland Tri-State Bank's deposits.
• Heartland Tri-State Bank's branches will reopen as Dream First Bank branches on July 31. Depositors can access their money via checks, ATMs, and debit cards.
• Customers don't need to change their banking relationship; their deposits are now with Dream First Bank.
• As of March 31, 2023, Heartland Tri-State Bank had assets of $139 million and deposits of $130 million.
• Dream First Bank agreed to purchase almost all assets of the failed bank.
• A shared-loss agreement has been made between FDIC and Dream First Bank on the purchased loans, aiming to maximize recoveries by keeping assets in the private sector.
• The closure is estimated to cost the Deposit Insurance Fund (DIF) $54.2 million. Dream First Bank's acquisition was the least costly option for the DIF, a fund managed by the FDIC to protect bank deposits.

TLDRS:

On Superstonk Yesterday:FDIC Alert! Sunshine meeting notice for meting that the public interest did not require consideration of & already occurred today at 11:16a.m., & considered supervision, corporate, and RESOLUTION activities, with the paperwork for the meeting that already occurred, filed today at 4:15p.m. Bank fail?

Sunshine meeting notice for meting that the public interest did not require consideration of and already occurred today at 11:16 a.m., and considered supervision, corporate, and resolution activities, with the paperwork for the meeting that already occurred, filed today at 4:15 p.m. Fresh bank failure tonight.

link to original post: https://www.reddit.com/r/Superstonk/comments/15cc3ld/bank_failure_alert_heartland_tristate_bank_of/-

One cannot even mention 'SS' much less 'why not drs'. I am so F'ing glad we're moving off of that shithole platform.

I was banned from reddit because I flagged the pinned SEC rule proposal post on r/supersus as misinformation (because it is). That was the last straw. I quit r/supershit and reddit in general. This is now my new home. I trust miller and chives, two actually DRS'd apes. Hello guys.

A little late, but I don’t think anyone posted here yet.

(credit to reddit u/lawdog7)

This is a long overdue update on BCG's lawsuit against GameStop.

The last update discussed Gamestop's pending motions to transfer venue and to dismiss the case. The Court has since ruled on both. While the Court denied Gamestop's venue motion, it granted--in part--the motion to dismiss.

The Court dismissed all claims other than the breach of contract based on a "Type II preliminary agreement." Source

The Court did give BCG an opportunity to replead, which they did Gamestop has now moved to dismiss the claims as replead. Both sides have filed briefs and the Court should rule on the new motion to dismiss soon.

✌

This is still the best evidence I've seen that we're right. Right from the SEC itself, esp pages 25-26 regarding short selling, but there's some other nuggets in there as well.

GME is the only stock that staff observed as having short interest of more than shares outstanding in January 2021.

Given the high levels of short interest, together with the price movements in GameStop, a natural question is the degree to which these price movements arose from a “short squeeze.”

Figure 6 shows that the run-up in GME stock price coincided with buying by those with short positions. However, it also shows that such buying was a small fraction of overall buy volume, and that GME share prices continued to be high after the direct effects of covering short positions would have waned.

...it was the positive sentiment, not the buying-to-cover, that sustained the weeks-long price appreciation of GameStop stock.

Boom. Shorts never closed. Squeeze hasn't squoze.

The short interest reported to the public is a manipulated figure, and the fact that more shares were publicly acknowledged as being shorted than even existed as shares outstanding confirms that these hedge fuckers engaged in naked shorting.

I've been searching for Superstonk on Lemmy and have t come across any. GmeCanada seems to be the only one. I can't seem to sub to it though.

Are there honestly less than 100 apes boycotting reddit?

A website that has constantly censored DD has attacked the sub and has actually shut Drsgme.

Why would apes stay there. Basically an abusive relationship at this point.

Weird that a sub that is at the forefront of transparency and spearheading equality.

From a technical standpoint, the protocol (ActivityPud) underlying Lemmy and Kbin has security and performance faults that make it inefficient. It's a great step towards decentralization but there is another alternative that I want to raise awareness of: Nostr.

Nostr is another protocol, like ActivityPub. Similarly, to Lemmy and Kbin on ActivityPub, Nostr has clients built on top of it. For instance: Damus on iOS, Coracle.social on web.

Right now, most clients only behave like twitter clones. However, the nostr protocol is much more robust than ActivityPub. It could easily support reddit-like platforms-- developers are already working on it-- as well as far more, like crypto payments, game-server-host connection, and more. Critically, it is possible to create ActivityPub-Nostr bridges.

It's early days in this new frontier of decentralized social platforms. If you are excited about The Fediverse, definitely play with the nostr protocol as well.

In this thread, you can also share your nostr pub keys so we can build the GME community there!

As many of you have already heard, Reddit has announced that they are interpreting their Mod Code of Conduct to mean that moderators can be removed from their communities for 'vandalism' if they continue to participate in the protest against their policy on 3rd party apps.

This is ultimately Reddit's Web site to run: they are free to make any rules change they want, at any time they want. We can't stop them. They are also free to interpret their existing rules to mean whatever they say they mean.

But- for now, at least- I am free to say that it is utterly false to claim that participating in a protest against Reddit is 'vandalism'. Breaking windows is vandalism. Egging a house is vandalism. Scrawling 'KILROY WUZ HERE' on a bathroom stall is vandalism. Vandalism is destruction or defacement of another's property- not disagreeing with them while happening to be on their property.

This stretch of the definition of 'vandalism' beyond all believable bounds implicitly endangers a huge variety of speech on the site by users, not just moderators. If a politely-worded protest which goes against the corporate interests of Reddit is 'vandalism', the term can be distorted to include any speech damaging to someone with a sizable ownership stake in Reddit- including:

Criticism of Citadel, Citadel LLC, Kenneth Griffin, Elon Musk, or Tesla

Criticism of the DTCC, the FED, or Cede & Co

Criticism of any Warner Bros. property, due to Reddit parent company Advance Publications' sizable stake in WB

Criticism of Microsoft, Amazon, or Apple, (Reddit investor, Fidelity Investments', first, second, and third-largest holdings)

Criticism of United Healthcare (Fidelity's fourth-largest holding)

Criticism of Fortnite, Gears of War, League of Legends, or any one of a huge number of other games made by Reddit investor Tencent and its subsidiaries

Criticism of the Chinese government's genocide of the Uighur Muslims, repression of Hong Kong and the Tianmen massacre, due to their hooks in Tencent's leadership

News stories critical of prominent Reddit investor and Republican megadonor Peter Thiel.

Are you skeptical of the power that moderators hold over discourse and discussion on Reddit? Good. Such skepticism is healthy- and applying it to the motivations and interests of Reddit's moderators and its admins shows why this change is a threat to the whole platform, not any one group.

If you had the opportunity to take money under the table (well above the reddit 10B valuation) to intentionally sabotage your own platform, would you do it?

The fed is keeping our markets afloat via QE, and swaps kept citadel from going bankrupt in 2021