Discord shut down WallStreetBets, disappears from Reddit

UPDATE: 

The WallStreetBets Reddit community has been restored. The moderation team has released a statement criticizing Discord's decision to shut down the server.

"Discord did us dirty and I am not impressed with them destroying our community instead of stepping in with the wrench we may have needed to fix things, especially after we got over 1,000 server boosts. That is pretty unethical."

On top of this, a new server has been set up by the community, with Discord staff stating that they will be " closely monitoring" user behavior per Slasher.

ORIGINAL STORY:

After an incredible surge in GameStop's stock market value, Discord has taken extreme measures against the WallStreetBets community, the small group of investors responsible for a 300% gain in share value over the last few days, shutting down the server, alleging "hate speech" as the main reason for their decision. 

Esports insider Rod "Slasher" Breslau shared via Twitter that Discord cited "glorifying violence, and spreading misinformation" as two other key factors for shutting down the server, explaining that they "did not ban this server due to financial fraud related to GameStop or other stocks."

just in: Discord has shut down the /r/WallStreetBets server for "hate speech, glorifying violence, and spreading misinformation", a spokesperson for Discord tells me. "To be clear, we did not ban this server due to financial fraud related to GameStop or other stocks"

— Rod Breslau (@Slasher) January 27, 2021

 Statement provided by Discord (Image: Slasher)

Furthermore, just a few minutes after this announcement, the Reddit community /r/WallStreetBets has seemingly been shut down as well, with some users reporting that it cannot be accessed by anyone, while others claim that the moderation team has made the community private for unspecified reasons.

We'll have more information as the story develops.