The subreddit r/wallstreetbets, where amateur investors convene to share investing ideas and thoughts, has now grown into a community of nearly 3 million. Coupled with the rise in popularity of trading apps such as Robin Hood, these so-called retail investors, who are doing it solo without the help of hedge funds or money managers, have shown immense, unprecedented power over financial markets.
"Also, you have the social media fixation of stock-picking where individuals, including Elon Musk, can put out a one-word tweet and send a stock rocketing up 50% in after hours," he added."It really is the perfect storm of volatility for equities."A woman wears a face mask as she walks past a GameStop store in Des Plaines, Ill., Oct. 15, 2020.
"It makes it accessible to a wide variety of people," he said."You don't have to hit up a normal broker or anything like that to do it. You can do it all from your phone." He explained how the community was able to move markets by saying,"they're pulling it up by posting about it" and that helps"increase the price based on the demand for the shares."
"And the history of people building economic security through this type of trading activity is pretty rare," he noted.The reach and power of these loosely organized, Reddit-inspired investors became more palpable Wednesday as they essentially beat out two major institutional investors.
1 article in 24 hours? ABC reports this story as “amateur traders” or “unsophisticated traders”who don’t know what’s going on and will lose all their money. The real story is a broke system where billionaires do whatever they want and regular people get screwed.
These are young democrat voters.
Officially_Tom
So when the 1% ABUSE & MANIPULATE THE STOCK FOR PROFIT, then its FINE, but when average Americans do it, then it's somehow UNACCEPTABLE.. BULLSH*T HEADS NEED TO ROLL for this BLATANT ILLEGAL BLOCKING of stock trading. via YouTube
oh y’all mad ?
This is much bigger than 'amateurs' 'loosely' organizing. These are normal people who know the risks and want to see change. This is more than making money. Companies and the 1% are literally manipulating the market yet you will still try and put down the people.
Giving Wall St. a taste of it's own medicine! This is GOLD!💥
I’m a legit small investor of my hard earned money for my personal retirement. Yesterday’s market was brutal caused by this GME chaos. It’ll take me awhile to regain what I have lost yesterday because of these disruptive traders.
jdringo1
Political theater of course by the jesuits. Look at the gematria of GameStop then ask what their agenda behind the pump and dump is? Oh more control and a shift to global government and digital currency Owens by the government with no privacy then a nice microchip down the road
Before I was just in it for the money but then they pissed me off so now I’m in it to stick it to Wall Street. Not selling no matter what, committed to seeing this to the end. If I lose $2000, I lose $2000 for the chance to bankrupt hedge funds. $2000 goddamn well spent.
Someone's beating them at their own game, huh? 😏
They little guys fought back against the hedge fund army and now it’s not fair.
Underdogs fascinating to see if an underdog of so little stature can conquer. Would be a mighty fine day!
They burned short sellers, a good and noble thing to do.
Different set of consequences when the rich get fleeced at their own game.
Amateur? Your media is more amateur
Scam won’t last long
Big firms have been manipulating stocks for Years and Years . Now as a group of peasants we know the Game and are reversing it. Elite Hedge funds Worst nightmare coming to fluition. They Manipulate stocks for the elites everyday WELL NO MORE...
Hold the line
Wonder where AOC and SenSanders stand with small investors cut out of market so shares lose market value. Pure market manipulation. Let's see how much you're on the side of the worker now. Oh right.
This should be a lesson in how much of a joke the stock market is. Perceived value versus real value. And we live and die by this system.
And now the system is defending itself. RobinHood suspended trading on RobinHood to protect the hedge fund vultures.
What 'goes up must come down!!' Don't get caught 'with an empty bag'
Stick it to the money man, any way you can!
Yes and now they can't trade. Well done government and wall street. You broke capitalism the moment you lost a bet.
And the 1% ers are banding together to preserve their billions by stifling free markets which are apparently only free for them
Reddit: Take vengeance against these 2 hedge funds! Buy this stock! Wall Street: This is unfair and evil! We need a gov’t bailout! Meanwhile. Motley Fool: BREAKING!!! MOTLEY FOOL ISSUES RARE ALL-IN BUY RECOMMENDATION!!!! OMG BUY NOW!!! CLICK HERE!!
Open it up! They are not letting anyone buy or sell on these stocks. Billionaires get to play people's money, and if they collapse the economy... they get bailed out. When poor people succeed at the cost of those same billionaires, the rich/gov step in to stop it from happening
Silly peasants. Only the elites are allowed to make money in the stock market
Then the rich shut it down to prevent average people from making money. Free trade does not exist! Bail out the poor not Wall Street!! FascistGOP
An army? When did the military start buying stocks? The way you all word these statements you are trying to start things. But it’s our fault right?
Gamestop is crashing
Amateur traders ? LOL. None of them know a thing! It is just gambling. Even monkeys beat humans in picking stocks
R/WallStreetBets!!!! Let’s goooooooo
Wonder what will happen next
Tired of being a slave to a system that is rigged by irrelevant old white men? Come join us in the crypto world. They can't do this over there!!!!! Check out PancakeSwap DeFi. It is a really good entry point at the moment. Remember, averaging down is always smart.
I love the use of the word amateurs when the said “amateurs” are ripping up wall street 😂 funny really
Investigate some conflicts of interest, like the owner of Robinhood bailing out Melvin capital, then restricting tradin on its app. Unethical at the very least.
Tweet the president tell ask where is his so cAlled fair and equitable economy
Until the BIG boys pulled the rug out from underneath them. The stock market casino is rigged where the house always wins.
You mean...the Stock Market just might be a fixed shell game to keep enriching the rich thus more power to the powerful? Sorry guys, not buying it.
Now the hedgefund crew are blocking more small to medium investors from buying shares. Criminal acitivity
Robinhood AKA FRAUDHOOD's Cakewalk to a Mickey Mouse shutdown... • restricted trades to $GME • restricted trades to $AMC • restricted trades to $WSB and MORE... • Lied about 'protecting our customers' • all this to protect the hedgefunds and the rich Frauds
Liars it wasn't organized at all. A message board with memes isn't organization.
Or maybe they’ve just figured out what brokers have known all along.
Love this!!!
This is happening in the UK with a company called Remote Monitored Systems PLC Investors are currently rebelling on Twitter & Telegram against a crooked director who abused his position for personal gain. It's working The difference? RMS have a life saving product Gamestop
Today, we're buying Nokia. $NOK 🚀
Hardly amateurs you baffoons! Haha watch!
Is this any different than hedge funds keeping oil prices high despite a glut of oil and lack of demand during the last recession?
'poor' people may not have the money hedgefunds have, but together they can make the 'poor' rich.
No they confirmed all preconceived notions.
LOL Yeah..if you get enough people doing something simultaneously, things can happen. MaskUp Vote BuyStock
Yup. Next short squeeze is Nokia (NOK).
Money isn't real, capitalism is a scam that's designed to fail.
Help this young person fulfill their school dream RT button like share donate!
Look out, it’s an unstable investment at best.
That's what happens when they won't control the virus and people are home. Feels different to be on the receiving end of a spanking, eh?
💪 power of the people
$AMC
Amateur for now. Pros when we are done.
What’s disgusting is how (hedge funds like like Melvin Capital), happened to fucking short-trade GameStop; shorting them more stocks than they had available. Why don’t we talk about that? That’s what is slowly draining the market and the middle class.
Y'all assume the Wall street investors are better and smarter knowing that they rip the poor and middle class. Guess the amateurs are about to wreck the experts. It is $450 now incase y'all still doubting. The amateurs are ruling the markets at the moment.
Amateur? Gtfo
You’re an amateur news station
Get out while you can, y’all. You made your point. The door will soon close.
Can I trade in my used games for game stop stock
Wall street bets for the win
$1000 or bust!
Did I miss the explanation in the story of what the hedge funds were doing that got them caught?
WE LIKE THE STOCK 🚀WE LIKE THE STOCK 🚀WE LIKE THE STOCK 🚀WE LIKE THE STOCK 🚀WE LIKE THE STOCK 🚀WE LIKE THE STOCK 🚀WE LIKE THE STOCK 🚀WE LIKE THE STOCK 🚀WE LIKE THE STOCK 🚀WE LIKE THE STOCK 🚀WE LIKE THE STOCK 🚀WE LIKE THE STOCK 🚀WE LIKE THE STOCK 🚀WE LIKE THE STOCK 🚀
my daughter is a Reddit fan who bought GameStop stock
🤔...
New Highs for today. This does not end today people, spanking continues.
Once 1 Bitcoin price will surpass 1 Kg Gold price, the Gold community will definitely declare that from now onwards 1 Kg Gold is exchangeable with 1 Bitcoin. Losers will join the train and they will adopt the Bitcoin standards for their survival. Next two months are crucial.
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