Wallstreetbets

Wallstreetbets (also known as /r/wallstreetbets or WSB) is a subreddit on the Reddit platform that has gained immense popularity for its unusual approach to trading, especially in the context of the stock market.
Rise and Purpose:
The Wallstreetbets subreddit was founded in 2012.
Its original purpose was to share ideas about investments, trading and options in the financial market.
Characteristics of the Community:
Wallstreetbets has become known for its unconventional approach to trading, using high leverage, and making risky investment decisions.
The community is known for its humorous tone, numerous memes and specific language used in discussions.
GameStop (GME) and Short Squeeze:
Wallstreetbets garnered huge media attention in January 2021 for its action related to GameStop (GME) shares.
Wallstreetbets investors arranged to buy GME shares, which led to a so-called “short squeeze” – a situation in which investors who took short positions on GME shares were forced to close their positions, leading to a sharp increase in the stock price.
Impact on Financial Markets:
Actions taken by the Wallstreetbets community affected financial markets, leading to significant changes in the stock prices of some companies.
Controversy and Criticism:
Wallstreetbets’ actions have caused controversy, both among individual investors and financial institutions.
They have also introduced issues related to the regulation of financial markets and questions about ethics in trading.
Financial Education and Satire:
Wallstreetbets, despite its unconventional approach, often emphasizes the need for financial education and investment self-reliance.
The community uses satirical language and memes to express its thoughts on the financial markets.
Wallstreetbets has become an icon for a new wave of retail investors who use access to information and an investment platform to make investment decisions. But at the same time, it has brought with it some challenges and controversy, raising questions about how financial markets work.