WallStreetBets Founder Reckons With Legacy Amid Stock-Market Frenzy

  • 📰 WSJ
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The man who created Reddit’s WallStreetBets never imagined the community would morph into a force so powerful that it would send GameStop shares into overdrive and nearly topple a hedge fund. “You see this train wreck happening in real time.”

The man who created Reddit’s WallStreetBets isn’t who you think he is.

He is 39 years old. He lives in Mexico City with his wife, a physician, and spends his weeks chasing after their 3-year-old twins and tending to his day job as a consultant—hardly the sort of character one might associate with the roiling investing forum. He never imagined the Reddit community he created in 2012 would morph into a force so powerful that it would send GameStop Corp. shares into overdrive, nearly topple a hedge fund and leave professional money managers around the country staring at Twitter with their mouths agape.

“It’s a little like watching one of those horror films where you can see the bad guy slowly going up the stairs,” Jaime Rogozinski said. “You see this train wreck happening in real time.” Mr. Rogozinski started WallStreetBets while working as an information technology consultant for the Inter-American Development Bank in Washington, D.C. Back then, he was single, making a decent living and looking for something to put some play money into. The only problem was the conventional wisdom of sticking with index-tracking funds bored him.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

CRASH a Central Bank....BUY Physical Silver nakedshort wallstreetbets

Keep buying doge

Lol, dude tried to monetize the sub... was kicked out by his own community.

just a flash in the pants

What about the hedge funds that shorted more than 100% if the stock

January 2021 has seen opening attacks by the populist right and left on certain core institutions of our country. They're prepared to keep life a constant state of panic and chaos rather than tolerate a world that isn't their utopia. They're not allied, but two fronts to fight.

“You see this train wreck happening in real time.” Brokers with itchy fingers n greed got burned Just a reward for them

STICKING a 'wedge' to the hedge fund snobs

👏👏👏 I had NO idea stocks could be manipulated as such

Says the man who lost his way trying to monetize WSB user base😅

I believe my GME stock would be worth $250,000 today had my free speech not been illegally detained by Citadel Investments (Robinhood). As a result I am shifting my assets and going all in on GME.

The article was behind a paywall but didn’t the founder of WSB get chased from his own sub for trying to be greedy at the expense of his followers?

Beardstown Ladies are laughing.

He's a hero

WSJ, The positive thing Donald taught Americans was, band together and you can also make money off Fellow Rich Americans.

dogecoin is bigger. doge

Universe wants to right some wrongs. What value do hedge fund guys add to the good. Absolutely nothing.

Lawmakers and the press gonna treat him like Edward Snowden 🚀🌕

Let’s be real the hedge funds created their own train wreck with their overconfidence in their risky strategies

We are a force to be reckoned with now

Ohhhh he looks proper edgy

⬇️⬇️

thanks for this news

Lol I’m cancelling my WSJ subscription. First the opinion article on Dr. Biden and now trying to make Wall Street bets as the bad guys, I’ve had enough

Robinhood seems to force liquidation at below lowest market price (126). How do we know they actually bought the stock for the customer in the first place?

(Salesman) How about real time accounting with zero number crunching time? Check out this app: 'Causality - Time Is Money' on Apple App Store

Nearly topple the Hedge Boss? No kill? Ohhh ... 😞

ONLY this way we can beat those sharks ( billionaires ).

The big scam. If we do the same with silver, taking it to $ 1000, we destroy the corrupt system

Silly poor people money is for rich people SMFH

Buy up that JanOne yall 😂

I do agree that shorting stocks should be banned! It serves no economic benefit in general expect to those who placed it if they happen to be right! It’s a malicious tool

All in favor of developing and implementing a WallStreetBets brokerage app say aye! Sharing and liking this comment will really help spread the word! 🚀🚀🚀

HOLLLLLLD 🚀🚀🚀🚀🚀🚀💎🙌

Brilliant should happen more

Buy up janOne!

Crocodile tears from billionaires.

This is crazy stuff. Amazing.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines