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.
While we're on the subject, can anyone explain to me how the stock market is anything other than nonsense speculation? There are almost no stocks whos value is based on the ROI of the dividends, and any value above that is inherently speculative. They are literally all speculation bubbles.
"Why are you paying so much for that?" "Because I can make money off it" "how would you do that?" "By selling it" "who would buy it for more?" "Someone" "why would they do that?" "Becausr they think they can make money" "how would they make money" "by selling it later" - - - - completely circular logic, which is the source of all speculative bubbles
I mean, if most of the price is speculation, how is the price even related to the profitability of the company? Dividends lay almost nothing compared to the stock prices. Doesn't this mean they're ALL inflated prices and speculative?
What am I missing here?
You aren't missing anything