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.
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.
its about sending a message
if we unite they wont last a day
unfortunately people never manage to unite for longer periods of time
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.
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.