Wallstreetbets Reddit Beats The Real Wall Street: Funniest Reactions To GameStop Stock Scandal

Here’s the briefest of explainers: after many years of steady decline, GameStop was not doing well and their stock was super low. Then, they hired some new board members and the stock went up. Institutional investors (aka hedge funds) observing the phenomenon decided to “short” GameStop stocks to make a lot of money when it failed. Then the /r/Wallstreetbets subreddit caught wind of their scheme and started buying GameStop stocks like crazy, hugely inflating the price of the stock so this fund lost all its money.

Wall Street right now

bunch of dudes on reddit joined together to raise gamestop's stock price 150% just cuz and u want me to believe the stock market isnt just straight men's astrology

I can guarantee that every hedge fund manager crying about losing millions on their stock market gambles has argued that $7.25 an hour is enough to live on. Maybe it's time they give it a try.

Wall Street: "Mommy, no fair, regulate this."

redditors to hedge fund managers

I love that it took an online prank to reveal our entire international financial system is built on nothing

If I was a Hedge Fund losing billions to Reddit shitposters, I would get a second job driving for Uber, cut out the Starbuck's, and skip the avocado toast.

You guys don't know how much damage you are doing with this gamestop thing. This is Reginald Esquire Esquire The 2nd and yesterday he was worth 821 million dollars. Today he's only worth 820 million dollars. He'll only be able to buy 3 islands this year because of you.

oh no the wrong people are manipulating the stock market

Bitcoin is so 2020. GameStop is the new store of value.

Your hedge fund collapsed? Sorry to hear that sir. I'm afraid I'm not authorized to give discounts- that'll be $18.95

Hedge fund makes a risky bet & might go under? It's not their fault, shut everything down!

Everyone right now

Have you considered budgeting?

Oh, you're laughing at the hedge fund that got juked by reddit? Well, they're bankrupt now. Are you laughing now? Is it funny now that a bunch of MBAs are out of a job? Can you laugh knowing they're explaining to their investors that they were out maneuvered by POTATO_IN_MY_ASS?