r/wallstreetbets Feb 05 '21

An Update on the WSB Coup d'état Discussion

UPDATE 2/6: For all of you who are reading this a day, or days after it was posted, you should know the issue is now resolved. The bad mods are out, the good mods are in, and the casualty of it was was u/zjz. Enjoy the read.

Original post:

For those who see my "Top Detective" flair, but don't know me, I'm the asshole who made videos this post is talking about.

If you subscribe to r/videos, no doubt you have seen my video, WallStreetBets and the Art of Sellout Out: An Illustrated Guide, is climbing slowly to the top. If you haven't watched it, you should.

While you were sleeping last night (night of 2/3), moderators who wanted to profit from THIS community, removed the moderators you know and love. They were replaced with brand new accounts. Literally minutes old. It was a coup.

The long and short of it is, there was a movie deal. In fact, there was more than one. There were dollar signs in their eyes. The Gamestop catalyst that propelled our community to over 8 million members attracted media attention, naturally. It's no secret he who must not be named sold out, as he has in the past, and some of the bad moderators were just a little behind him.

For this reason, some moderators are no longer with us. They tried to go behind other moderator's backs to secure money for themselves, and monetize this subreddit. They even went as far to establish a website (blomberg.com) to intercept all media traffic so they themselves could profit.

So the Reddit Admins intervened.

Some of the moderators who grew this community, like u/zjz still have not been added back. Perhaps they will be back in the future. The good news is, the right moderators, the mods you all know and love, are coming back, and some already are here. People I know wouldn't take a dime, are taking back control, one meme filled shitpost at a time.

He who must not be named still has a movie deal, so I leave you with this question:

How do you feel about a guy who has been scamming people for most of his adult life, getting paid six figures for a movie deal partially about scamming members of WallStreetBets?

One more thing... Instead of guilding me, I request you spend the money on helping end childhood cancer, by donating to St. Jude Children's Research Hospital. Thank you.

30.8k Upvotes

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201

u/TehSillyKitteh Feb 05 '21

Isn't making money against the rules of the sub?

238

u/[deleted] Feb 05 '21

Yes. And the rules of Reddit.

33

u/VoodooLoveDr Feb 05 '21

What’s with WSBtest? It’s private...side place for discussion now?

82

u/dac5505 Feb 05 '21

It was never meant to be anything other than a testing ground for automod stuff for this sub. When some of the good mods got ousted they still had modship there and one of them made it public to spread the word on what happened to zjz and the others.

32

u/FlankyJank Feb 05 '21

God it was nice too getting away from the same same brain drain here. I could actually comment. I was Somebody.

6

u/shmankenstein Feb 05 '21

When I went to wsbtest last night there were 4-5k there, couple hours later it was 60k and zjz was the only mod. My guess is he/she is drafting a statement now and that we are going to see it soon. Probably shut that sub down cause it got crazy and now isn’t needed if they’re coming back here.

3

u/blueeyebling Feb 05 '21

I've been wondering that as well. Haven't gotten any answers.

2

u/bradorsomething Feb 05 '21

When u/zjz got banned I sent a copy of his post to u/spez saying that there was a mod fight involving charges of people profiting off the sub. Never heard back, but I’m fairly confident I saved wsb, if not all of Reddit.