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

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!

Proud to be subscriber #16! I don't understand why there aren't more people migrating here due to reddit api debacle. Why would we run to another centralized platform, YT Gangnam style, instead of this in case of emergency?

!

"Thanks Mark, and hi everyone. I will speak briefly. My father always told me: ‘talk is cheap, actions speak louder than words.’ My responsibility is to make sure GameStop is run by managers who treat company money like their own. In corporate America, the people in charge, the professional directors and management teams, are not aligned with shareholders. They are always the recipients of stock grants, however they rarely purchase company shares with their own savings. There is a big difference between risk-free compensation for showing up, and putting a meaningful amount of your own money at risk. As a result, money is wasted, work is relegated, and a lot of time is spent managing to short expectations and pandering to Wall Street. I like people who roll up their sleeves and do real work. People guided by principles. Not robots who seek to rest and invest. In corporate America, there’s no shortage of overpaid executives, bad capital allocation and chronic waste, and serial delegators. Much of this behavior is both predictable and reprehensible. It is precisely what creates opportunities. Thank you for being a shareholder."

Can anyone explain this to me? There were several issues with Reddit discussed widely in the community, i.e. the brigading rules. Yet, now that Reddit screws over the customer even more with their API stunt, no one cared and the GME subs did not even participate in the Blackout. It would have been the perfect opportunity to migrate here or to other alternatives.

This is all you need to see to understand why we need to have a backup in the fediverse. Power to the Creators.

In case you had any remaining doubts about the viability of reddit as a forum for discussing gme...

Recently, all of the best info on gme came from that subreddit: Discussions, debates, ideas, amazing and fresh DD. Reddit didn't have control of the narrative on that sub and as such, the content was noticeably better.

Makes me bullish that hedgies are still fucked.

Also, I am sooo done with Reddit. But, we will need a new community. Can Lemmy be that new place for our favorite stonk?

I find it pretty funny, the Sub fighting against market manipulation can't even follow a simple system to rally against capitalism.

Honestly makes so much sense that this fiasco isn't put to bed when the sub can't follow simple steps. SUB should be dark in protest but no. Couldn't manage something as simple as just not logging on. No wonder DRS is barely moving

Are we able to get a stream onto Lemmy. Keeps us off reddit?

creator here was really on the ball huh?

Personally I think that /r/superstonk should've shown solidarity with Reddit/ an indefinite blackout. People claiming 3rd party apps and the API issues weren't important did not sit well with me. I bet our reddit mods were not using new, IPO ready Reddit to do their work.

I hope some more of us join up here.

This the new hangout

I saw on r/undelete that this post was deleted. The powers-at-be are trying to control the narrative.

I also confirmed for myself that the allegation aginst google is true; "perjury" and even "lie" will not autocomplete after "ken griffin"

I like this as a backup, and just to keep safe from manipulation if it gets really out of hand.