![]() ‘KetoIsRacist’ predicted "mass censorship." Meanwhile ‘wearethesamewave’ was convinced that the company had increased its ads to signal that change was coming. Speaking with Sonali Basak and Guy Johnson on 'Bloomberg Markets,' Rogozinski also says he's not. previously? Hundreds of upvotes later, a user by the name of LowercaseG_Sol seemed to sum up the consensus:Ĭomments often strayed into the Reddit version of the profound. Need a crash course on some WallStreetBets terms The Hot Take with Nicole Sy and Eric Lam dives into the Reddit forum that flipped the market. WallStreetBets founder Jaime Rogozinski explains what's behind the new wave of meme stock buying. Driven as much by a subversive sense of humor and an anti-establishment ethos as by the lure of wealth, the group powered an otherworldly rally in GameStop in January. Long threads pointed to a group strategy: Could the WallStreetBets community pump the stock as it had done for companies such as GameStop Corp. Traditional financial firms endured a brutal introduction in early 2021 to the subreddit r/WallStreetBets, a forum full of mostly-amateur traders who describe themselves as apes and degenerates. The realization that Reddit may never be the same seemed to galvanize many users. Many members worried that a stock market listing marked the beginning of the end of Reddit's free-wheeling culture, while others saw the opportunity for more fun - and potentially profit. Many members worried that a stock market listing marked the beginning of the end of Reddit's free-wheeling culture, while others saw the opportunity for more fun and potentially profit. perspectives and lingo of financial elite,17 and institutional domination.18. By parsing discussion on this forum, we can track which companies retail investors are mentioning the most, and the sentiment of the discussion around each ticker. On WallStreetBets, the subreddit responsible for igniting this year’s meme stock craze, the pile-ons were plentiful, the profanity more so. On WallStreetBets, the subreddit responsible for igniting this year’s meme stock craze, the pile-ons were plentiful, the profanity more so. stocks/what-is-a-meme-stock-reddit-wallstreetbets-gamestop-amc-2021-6. WallStreetBets is a community on Reddit where participants discuss stock and option trading. It took approximately zero seconds for Reddit users to dissect the social media platform's short announcement on Wednesday that it had filed for a confidential initial public offering.
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