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posted ago by Doggos [M] ago by Doggos +7916 / -6

The most requested community in the past week: WallstreetBets

We've been following the situation, not wanting to release a WSB community without having their mods onboard. Well, we still don't have their mods on board. We talked to them in mid-2020, but never came to an agreement.

We hope that they don't get banned from Reddit (we'd pick up a good portion of that traffic, so don't do it, Steve.)

Having said that... the WSB Discord server just got banned (for hate, by the way), and it's very possible that the subreddit suffers the same fate...

Our unofficial WSB Win site:

https://wsbets.win/ or c/wsbets

We've had some well known WSB users reach out asking for us to set this up, and even some people who have been involved in the running of WSB, but to be very clear, this is NOT officially affiliated with the WSB subreddit (but we'll hand it over to them when they want it)

Update: WSB is NOT banned on Reddit. It's private, which is normally a decision by the moderators.

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Milkpowder44 20 points ago +20 / -0

Copied this from a top post, heartmoving post well worth the read;

I was in my early teens during the '08 crisis. I vividly remember the enormous repercussions that the reckless actions by those on Wall Street had in my personal life, and the lives of those close to me. I was fortunate - my parents were prudent and a little paranoid, and they had some food storage saved up. When that crisis hit our family, we were able to keep our little house, but we lived off of pancake mix, and powdered milk, and beans and rice for a year. Ever since then, my parents have kept a food storage, and they keep it updated and fresh.

Those close to me, my friends and extended family, were not nearly as fortunate. My aunt moved in with us and paid what little rent she could to my family while she tried to find any sort of work. Do you know what tomato soup made out of school cafeteria ketchup packets taste like? My friends got to find out. Almost a year after the crisis' low, my dad had stabilized our income stream and to help out others, he was hiring my friends' dads for odd house work. One of them built a new closet in our guest room. Another one did some landscaping in our backyard. I will forever be so proud of my parents, because in a time of need, even when I have no doubt money was still tight, they had the mindfulness and compassion to help out those who absolutely needed it.

To Melvin Capital: you stand for everything that I hated during that time. You're a firm who makes money off of exploiting a company and manipulating markets and media to your advantage. Your continued existence is a sharp reminder that the ones in charge of so much hardship during the '08 crisis were not punished. And your blatant disregard for the law, made obvious months ago through your (for the Melvin lawyers out there: alleged) illegal naked short selling and more recently your obscene market manipulation after hours shows that you haven't learned a single thing since '08. And why would you? Your ilk were bailed out and rewarded for terrible and illegal financial decisions that negatively changed the lives of millions. I bought shares a few days ago. I dumped my savings into GME, paid my rent for this month with my credit card, and dumped my rent money into more GME (which for the people here at WSB, I would not recommend). And I'm holding. This is personal for me, and millions of others. You can drop the price of GME after hours $120, I'm not going anywhere. You can pay for thousands of reddit bots, I'm holding. You can get every mainstream media outlet to demonize us, I don't care. I'm making this as painful as I can for you.

To CNBC: you must realize your short term gains through promoting institutions' agenda is just that - short term. Your staple audience will soon become too old to care, and the millions of us, not just at WSB but every person affected by the '08 crash that's now paying attention to GME, are going to remember how you stuck up for the firms that ruined so many of us, and tried to tear down the little guys. I know for sure I'll remember this. In response, here is a list of CNBC sponsors and partners. They include, but are not limited to, IBM, Cisco, TMobile, JPMorgan, Oracle, and ZipRecruiter. Their parent company is NBCUniversal, owned by Comcast and GE.

To the boomers, and/or people close to that age, just now paying attention to these "millennial blog posts": you realize that, even if you weren't adversely effected by the '08 crash, your children and perhaps grandchildren most likely were? We're not enemies, we're on the same side. Stop listening to the media that's making us out to be market destroyers, and start rooting for us, because we have a once in a lifetime opportunity to punish the sort of people who caused so much pain and stress a decade ago, and we're taking that opportunity. Your children, your grandchildren, might have suffered as I described because of the institutions that we're fighting against. You really want to choose them, over your own family and friends? We're not asking you to risk your 401k or retirement fund on a single GME bet. We're just asking you to be understanding, supportive, and to not support the people that caused so much suffering a decade ago.

To WSB: you all are amazing. I imagine that I'm not the only one that this is personal for. I've read myself so many posts on what you guys went through during the '08 crash. Whether you're here for the gains, to stick it to the man as I am, or just to be part of a potentially market changing movement - thank you. Each and every one of you are the reason that we have this chance. I've never felt this optimistic about the future before. This is life changing amounts of money for so many of you, and to be part of a rare instance of a wealth distribution from the rich to the poor is just incredible. I love you all.

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Registered 6 points ago +6 / -0

His personal motivation just became mine. Thanks for the post.

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Bbme19 4 points ago +4 / -0

Beautifully said.

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TrumpsGlassOfWater 2 points ago +3 / -1

Why does nobody blame the irresponsible guaranteed housing loans by the government?

Nobody even talks about it.

I get Wal Street made irresponsible decisions... But at the same damn time the government was handing out loans to any idiot who applied for one and literally suing banks who didnt give them out to poor minorities as "discrimination".

Horrible leftist government policy is what created the grounds for such a crash and the left has successfully deflected our anger toward Wall Street rather than stupid fucking Democrat decision making

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keep_america_great -3 points ago +5 / -8

This is nonsense. Buying stock in a soon-to-be-defunct and otherwise worthless business is not "sticking it to the man".

If you want to stick it to the man, support small businesses, Made in the USA products, etc. Not running up a worthless penny stock.

The whole idea that being part of a pyramid scheme / pump and dump hybrid is somehow sticking it to the bourgeoise is retarded.

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cuckslasher 6 points ago +6 / -0

its about sending a message

if we unite they wont last a day

unfortunately people never manage to unite for longer periods of time

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keep_america_great -5 points ago +2 / -7

Unite under what? Propping up a failed company?

It'd do more to send a message if you supported local businesses, didn't support big tech or mass media. Propping up a dead company to temporarily spite a few hedge funds that no one ever heard of doesn't really accomplish anything.

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Mmmpopsicles 6 points ago +6 / -0

A conglomerate of loosely banded web bloggers who decided to take on an uber wealthy and sophisticated hedge fund firm is certainly making a statement, imho. It is a David vs Goliath scenario, and the crowd is rooting for David. What's more, this is the first sign of what's to come. More regular joes will band together and do the same thing in the future. A potential check on wallstreet greed, so long as our freedom to participate in the market goes unhindered.