Somebody should go ahead and get a dedicated WSB instance going so that they can migrate easily after Reddit bans them. I want them contained because they are a toxic community, but I also want them to short the Reddit stock because it would be hilarious.
Yeah. Being mostly comprised of Incel, conspiracy, Q / Trump shills who think they can predict the future better than their peers will do that to a community.
God it was glorious back before all these people though. Watching people gamble on their tuition or turn a $50k loan into -$300,000 of debt for memes was fucking hilarious.
If you need to run back three years to find a single instance in which a guy was correct, I would not bet the bank on the next prediction being a big winner.
AMC, Best Buy, and Hertz all bled out like stuck pigs while these dorks were screaming and crying.
Yeah, thats because AMC took the value they gained from WSB shills, and used it to pay their bonuses instead of improving their business. GME is the only company that actually tried to do something with the windfall value they gained.
Considering they’re DMing certain Reddit users (their most active users, according to the DM) about being given a chance buy Reddit stock during the IPO (that’s not strictly PR speak; they’re actually setting aside some stock for their users), that’s entirely possible.
I think it’s to limit damage from subreddits like WSB. If a bunch of your most active users own stock, they will be slandering WSB and calling for the ban of the subreddit when they eventually want to short it.
Reddit has enough of the same half crazed energy Tumblr has that I suspect quite a few users even the most active site would fuck the site over for fun.
If Apollo for Reddit still worked, I’d probably still be there too. But at the same time I’m pretty thankful that things happened the way they did because it really opened my eyes to how dissatisfied I was with corporate social media and I feel so much more engaged in my hobbies and their communities now on the fediverse.
It helps that I am already primarily interested in tech, web, and networking (with some retro gaming mixed in) so the fediverse was already a suitable replacement. I feel for people whose communities are dead here.
Which is funny, because considering Reddit was trying to get users to buy in on their IPO, they probably thought they could weaponize the whole “diamond hands” meme again, and get everyone to shoot reddits “stonks” “to the moon!”
They’ve always been behind the curve, from the crypto that never launched to the NFT avatars to the streaming stuff to the IPO now being laughably belated.
WSB incels are essentially immune to a failed short.
Yeah, shorting theoristically has no ceiling on potential loss, but most of these retail kids don’t have enough assets for a squeeze to really do anything.
Owing somebody a thousand dollars and owing someone a billion dollars are the same thing for them.
I’m surprised (but not upset) that WSB hasn’t set up a dedicated Lemmy server. Surely they must think they’ve grown big enough to not need reddit anymore.
I mean, for wallstreetbets that’s actually a good fit. It’s not like they’re creating a knowledge base, it’s just an endless stream of memes - exactly what discord was designed for.
Why would they? They have a platform in Reddit, and that’s a platform that people know. Lemmy is still fairly niche, so unless something happens like WSB getting deleted by the Reddit admins I don’t see why they’d bother.
Lemmy has no influence. The only thing it tries to influence is moving people to Linux, and that’s been going poorly for the better part of two decades…
almost you shouldn’t place cheeky little bets on if a company will succeed or not. bet on sports like a normal person. shareholders ruin every single company
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