Wallstreetbets (Wsb)
| WallStreetBets (WSB) is a subreddit dedicated to conversations about options trading and stocks, often referred to simply as /r/wallstreetbets. The subreddit has been active since 2012 and has over 600,000 subscribers. The subreddit is known for its lively and often irreverent discussion, and has been credited with popularizing the practice of day trading among a new generation of investors. In recent years, the subreddit has become increasingly influential, playing a role in the GameStop short squeeze in January 2021 and the AMC short squeeze in June 2021. In both cases, users of the subreddit coordinated to buy shares of heavily shorted stocks in an effort to drive up the price and force the shorts to cover their positions. The resulting price increases caused significant losses for hedge funds and other short sellers, and led to calls for greater regulation of the stock market. The subreddit has also been criticized for its role in promoting risky and speculative trading behavior. In particular, the subreddit has been accused of encouraging inexperienced investors to take on excessive levels of risk. Some users of the subreddit have also been accused of market manipulation. Despite the criticism, the subreddit remains popular, and its users continue to be a force to be reckoned with in the stock market. |
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