For the last few Weeks the immensely hilarious antics of the Reddit Sub Thread community WALLSTREETBETS has caused a massive commotion in the world of Stocks and Media.
Now if all of this goes over your head we are going to give you the low down of what has been going on, how this has happened and what some ramifications of this could be as well as some absolutely priceless memetic wizardry and humour taken form the threads surrounding it all.
For an understanding in the foundation of what is happening find below a superb breakdown of the technicals from Ben Shapiro
On Thursday the news of this started hitting the mainstream media in the UK sending social media into a frenzy of information, from people totting stocks and different crypto currencies to an absolute barrage of memes and people loosing their shit on videos and posts. All of this and one trading app sitting right in the middle of it all.
WallStreetBets has made the news before with similar episodes like the “HERTZ” shenanigans in 2020 and has been around for a while but this time turning its attention to GameStop as well as AMC, Nokia, Blackberry and others. A few tweets from The richest man in the public world Elon Musk and boom, WallStreetBets grew at least 4 million members in days and the fun got real.
Whilst the Hedge Fund Big shots had already been playing with the stocks of GameStop after deciding it was too high, the insane volume of purchase from the Reddit community sent the share prices sky high. A plea was seemingly made to the underbelly of Wall Street , The media turned on the community saying phrases such as “HACK” and even calling the Redditors “WHITE SUPREMACISTS”.
The RobinHood app as well Charles Schwab, TD Ameritrade and Webull limited or even froze the buying of shares to users and even according to some sources closing out customers positions for them for seemingly lower price than the current level, even the NASDAQ stopped the market on GameStop due to chatter on social media, and Discord banning WallStreetBets on their platform saying that talking about investing is wrong? something the financial gurus have done since the game began.
Whilst there is speculation of their being a bigger play in all of this there is a very clear example of what seems to be deliberate illegal market manipulation by wall street players in a defence against this play by the WallStreetBets community there is also a huge call across the investment world that there is nothing wrong with what the Redditors have done and it is all giving the hedge funds a taste of their own medicine with their own tactics.
Not only has the WallStreetBets gang taken on the big boys with the Gamestop stock they have also turned their stance to other areas of the finance market such as silver causing silver price to rise by 4% on friday after an earlier announcement on the reddit board.
Whilst the game continues the questions continue, Where next? Who is behind this? Is it really just as it seems, The common man having his day? As this story unfolds we imagine the true story of all the players may come to light and hopefully the people trying to stop this turning of tables will be thwarted, with a quick up-shoot in millionaires this week and some amazing stories of “kid millionaires” its defiantly a rollercoaster that has not stopped giving.
Here are some choice memes and screenshots of the stories antics-
The longer this goes on the more money the billionaires that play with the lives of normal people for profit loose money, this may have bigger outcomes for the money system as an whole and there seems to be a huge push to a decentralised monetary financial system that can help rid the world of these corrupt money guys.
Once the truth is made clear the entire world should come down on the people who played bad roles in this episode, play your part by using this report which will in turn help control the evils of the corporate stock markets in future.
SEC Report: https://www.sec.gov/oiea/Complaint.html
Find out more follow riseabove.tv for future updates as this story unfolds
