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.
A hedge fund company bet that gamestop's stock was going to decline. WSB caught wind of it, rallied with discord and started buying up Gamestop stock hard. Being the hedge fund company bet that the stock was going to decline, they needed to come up with the difference. The problem was, the difference wasn't $18 stock price to $30. It was $18 to $200+. So the hedge fund company got liquidated because they needed to come up with the difference. Probably upwards of $30-$40 billion is lost right now because of a bunch of people on Reddit rallying around Gamestop. Wallstreet is crying like babies now cause they got fucking rekt by WE THE PEOPLE. They are mad that they no longer can steal money from us normies to enrich themselves and want everything censored now. HUGE RED PILL for the Reddit Millennials incoming.