Populist Action: London Hedge Fund Shuts After Betting Against GameStop Meme Investors
A London hedge fund that bet against GameStop has become one of the first casualties in the populist internet revolt against Wall Street.
A London hedge fund that bet against GameStop has become one of the first casualties in the populist internet revolt against Wall Street.
Voat, the link-sharing site which enjoyed a meteoric rise to prominence as a destination for aggrieved Reddit users during the “Reddit Revolts” is now incorporated in the United States.
The tech media’s search for sexism in Silicon Valley ran into some trouble Tuesday, after a former Reddit employee who recently left the company rebuked the tech media for suggesting that her departure was due to sexist discrimination.
Reddit co-founder Steve Huffman has outlined a new content policy that many users fear marks a new era of censorship on the platform.
Ellen Pao has resigned as CEO of Reddit following the worst set of user and moderator revolts in the site’s history, but Redditors who hoped her departure marked the end of threats to free speech on the site are likely to be disappointed.
At the height of the Reddit revolt over the weekend, Voat added a note to their landing page confirming that they had been approached by venture capitalists.
This followed the sacking of Victoria Taylor, a popular site admin, after a Reddit Q&A with the Rev. Jesse Jackson went badly for the activist preacher.
“PAO GET OUT NOW” shouts a post on the first page of the front page of Reddit. It links to a picture of Adolf Hitler with the face of CEO Ellen Pao superimposed upon it. This is now a common sight on Reddit, the influential “Front Page of the Internet”, a website whose users are in full-scale revolt against their administrators.