11–20 of 277 posts
I don't know anything about WSB, but how does: > It’s a bunch of autistic losers that live in their mom’s basement who are gambling what little money they have to try and become rich to live lifestyles of hedonism square with "These people were involved in very meaningfully moving a stock price around" ?
I don't know anything about WSB, but how does: > It’s a bunch of autistic losers that live in their mom’s basement who are gambling what little money they have to try and become rich to live lifestyles of hedonism square with "These people were involved in very meaningfully moving a stock price around" ?
there's a big subset there that is obviously cash strapped and desperate. there are also people there with 6-7 figure net worths that are just passing the time.
the DD is actually "okay" once you cut thru the lingo and I'd be willing to bet most people learn a lot about market mentality with trial by fire.
short squeeze ain't over btw
I don't know anything about WSB, but how does: > It’s a bunch of autistic losers that live in their mom’s basement who are gambling what little money they have to try and become rich to live lifestyles of hedonism square with "These people were involved in very meaningfully moving a stock price around" ?
It's the same paradox as 4chan /b/ and /pol/ influencing real-world events despite similar stereotypes about the userbase. And /r/wsb is, after all, if 4chan found a Bloomberg Terminal.
Wall street bets is just exposing the facade of wallstreet. As more information about investing becomes available, hedge funds and investors will look increasingly less sophisticated. Platforms like Robinhood will erode their edge by increasing liquidity, lowering transaction costs, and providing access to more exotic investments and financial derivatives.
Non sense.
I don't know anything about WSB, but how does: > It’s a bunch of autistic losers that live in their mom’s basement who are gambling what little money they have to try and become rich to live lifestyles of hedonism square with "These people were involved in very meaningfully moving a stock price around" ?
> On the surface, it seems really weird but it’s mostly a type of gallows humor that permeates a lot of especially young millennials and zennial men.
It is a humorous constructed setting that is not necessarily reality. As an aside, I'd never seen the phrase "gallows humor" to describe this sort of ?? post-irony.
I don't understand why people think /r/wallstreetbets is really that interesting or provides insight into actual wall street? Anyone who knows anything about actual options trading / building strategies knows these people are idiots. Sure, there's a lot of money flowing around - but most people don't realize that to many $60k is pocket change.
Gross. How has this not been flagkilled for ableism yet?
Nietzsche is a frightening author, but I think what he writes is the logical conclusion of what we've done by championing existentialism. "The end doesn't matter, the true meaning is the friends we make along the way." WSB is taking that and running with it.