Musk Accuses Discord Of going Corpo After It Bans WallStreetBets

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Elon Musk has accused Discord of 'going corporate' after it banned a Reddit group which is boosting Gamestop, American Airlines and other shorted stocks to the fury of billionaire hedge fund managers.



WallStreetBets - a community of young retail investors - was purged from gaming messaging service Discord after they were tied to huge price surges on Wednesday.



Musk tweeted: 'Even Discord has gone corpo…'



WallStreetBets Reddit page has seen millions of new members arriving in recent days after Musk posted a link to the group on Twitter, writing: 'Gamestonk!!'



'Stonk' is WallStreetBets vernacular for stock - particularly for an attractive or hilarious buy.



But such are the fears over the viral investing, Joe Biden's White House staff are 'monitoring the situation' - as is the Securities and Exchange Commission.



Two years ago, it was Musk who was in the SEC's sights after his online activity wreaked havoc on the markets.



Elon Musk, who is worshipped by the WallStreetBets members, came to their defence last night as he lashed gaming app Discord from purging them from the site (pictured: Musk outside the NASDAQ market in New York)



Musk said: 'Even Discord has gone corpo' - a reference to the recent video game Cyberpunk 2077 in which players can choose three life paths: Corpo, Streekid or Nomad. Musk clarified under his post that he was a Nomad



WallStreetBets - a community of young retail investors - was purged from gaming messaging service Discord after they were tied to huge price surges on Wednesday



He was fined $40 million after tweeting that he could take Tesla private at $420 per share - a substantial premium on its trading price - which Musk denied was a reference to weed (April 20, 4/20, is considered world cannabis day).



Showing that he was down with the kids last night, the 49-year-old's tweet about Discord 'going corpo' was a reference to video game Cyberpunk 2077 in which players choose three 'life paths' for their character: Corpo, Streekid or Nomad. Gaming news