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.
Someone want to give me the low down on what happened with all these stocks and whatever?
They decided to beat the hedge fund guys at their own game. They found some stocks the hedge funds were trying to short and they bought up the stocks causing the cost to sky rocket. Cost hedge fund managers billions.
Don't feel bad for the hedge funds though.
They'll ask Biden for a bailout, get it, and then lobby for more regulation or influence the free trade apps to not allow trading of severely shorted stocks (I know my terminology isn't correct but you get the idea).
For sure, there will be a multi billion dollar bail out by the end of the month and regulations put in place so only the elite can use the stock market