Friday, March 29, 2024

Wallstreetbets (WSB)

by Hideo Nakamura
Wallstreetbets (WSB)

Wallstreetbets (WSB) is an online community of investors, traders, and stock market enthusiasts that first gained notoriety in January 2021 following the surge in share prices for GameStop. The subreddit was founded by Jaime Rogozinski in 2012 and currently has over 8 million members.

The purpose of Wallstreetbets is to allow retail investors to discuss stocks and other investments with each other as well as gain insight from more experienced traders or investors. It also serves as a space for meme culture, popularizing trading terms such as “diamond hands” (holding onto a position no matter what) and “stonks” (a variation on the word “stocks”).

Despite its popularity amongst retail investors, it should be noted that WSB does not provide investment advice nor does it guarantee any particular investment outcome; all investments are made at your own risk. Furthermore, due to their relatively small size relative to larger institutional players like hedge funds or mutual funds, individual retail investor behavior may have limited influence on stock pricing trends. Therefore it’s important to do your own research before making any decisions about investing in any security – including those discussed within WallStreetBets – rather than relying solely on information provided within the community itself.

Given the large influx of new users joining WSB due to its newfound fame stemming from the GameStop incident, there have been reports of posts being removed or downvoted if they don’t adhere strictly enough to certain rules within the subreddit; this includes topics related directly or indirectly to cryptocurrencies despite them having previously been allowed before January 2021. As such readers should exercise caution when discussing cryptocurrency-related topics within WallStreetBets so as not infringe upon these newly implemented guidelines which could result in removal of posts or account bans/suspensions accordingly.

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