A Week Inside the WallStreetBets Forum That Launched the GameStop Frenzy

In a video posted to Reddit’s WallStreetBets forum, a man hurtles down a long, steep slide, arms flailing, before slamming into the muddy ground. He then sits up, dazed.

The title for the video: “A WSB-hyped stock as soon as I buy it.”

The meme is a hit, skyrocketing to the top of the subreddit’s page. “Buy high, sell low, right?” a user replied.

The tongue-in-cheek meme has some truth to it. In recent weeks, many stocks that WallStreetBets had sent soaring “to the moon” have crashed to earth. Forum fave GameStop Corp. closed Friday at $52.40, down from an intraday peak of nearly $500 just a little over two weeks ago.

What follows is a diary of five days of chaos and jokes on WallStreetBets (we can’t publish all the profanity).

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Enterprise Finance By Your Business Plan

Funding banking is a particular division of banking associated with the making of capital for governments, different enterprises, and entities. Documents beneath seal in a decade-lengthy lawsuit concerning ‘s IPO but obtained by New York Instances’ Wall Avenue Business columnist Joe Nocera alleged that IPOs managed by Goldman Sachs and other investment bankers concerned asking for kickbacks from their institutional shoppers who made massive profits flipping IPOs which Goldman had intentionally undervalued. Depositions within the lawsuit alleged that clients willingly complied with these calls for because they understood it was obligatory with the intention to participate in future sizzling points. 45 Reuters Wall Road correspondent Felix Salmon retracted his earlier, more conciliatory statements on the subject and said he believed that the depositions present that corporations going public and their initial shopper stockholders are each defrauded by this observe, which may be widespread all through the IPO finance business forty … Read more

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