Discord has banned the r/WallStreetBets server, the corporate confirmed to The Verge. Reddit’s WallStreetBets subreddit is the motive force of an unprecedented rally of GameStop stock, and has obtained an excessive amount of consideration within the press because the inventory continues to soar.

Discord says it didn’t ban the server for monetary fraud — reasonably, it was banned as a result of it continued to permit “hateful and discriminatory content material after repeated warnings.” The Verge gained entry to the server and might affirm the declare that customers of the channel have been spamming hateful language, together with racial slurs.

Right here is Discord’s full assertion:

The server has been on our Belief & Security workforce’s radar for a while on account of occasional content material that violates our Neighborhood Pointers, together with hate speech, glorifying violence, and spreading misinformation. Over the previous few months, we’ve got issued a number of warnings to the server admin.

Immediately, we determined to take away the server and its proprietor from Discord for persevering with to permit hateful and discriminatory content material after repeated warnings.

To be clear, we didn’t ban this server on account of monetary fraud associated to GameStop or different shares. Discord welcomes a broad number of private finance discussions, from funding golf equipment and day merchants to school college students {and professional} monetary advisors. We’re monitoring this case and within the occasion there are allegations of unlawful actions, we are going to cooperate with authorities as acceptable.

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