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.
Can't they just sit on this short for years and wait for it to come down, gamestops business model is shit so eventually it will tank.
Normal funds have rules and regulations they have to abide by determining the size of their positions/positions. Don't know about hedgefunds. Short positions you as a retail broker, at least, pay interest rate on. Presumably so do they. You'll also get margin called at a certain threshold (after a stock you shorted have risen so much) because a short position is one of the financial instruments where you can lose more money than you initially invested, so you need to be ableto cover those losses to the lender. The hedgefunds could, of course, short GameStop today but like one of the WSB-people said, and I paraphrase: we can stay retarded longer than they can stay solvent. That's why the hedgefunds have been running to Joe Biden crying for help because it's not "fair" when someone other than them manipulate the market. I love it.