How Reddit almost CRASHED the Economy with a meme.

The GameStop short squeeze has probably been one of the biggest events in recent Internet history, completely disrupting the status quo of the financial world of billionaire hedge funds. What happened with WallStreetBets, Reddit, Robinhood and the Stock Market will probably linger for years to come as a turning point in internet culture. Today we recap the events and talk about the larger implications, although there are most certainly many ramifications of this story that have yet to surface.

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SOURCES:

Interesting piece on how the stock market is being manipulated:

On short selling, Tesla and Gamestop:

Most heavily shorted stocks in January of 2021:

Hedge funds losing billions of dollars:

Robinhood capital infusion:

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CREDITS:

Andrei Terbea - Lead Animator

Stefan Popa - Assistant Animator

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MUSIC:

Background track: "Delusional (Instrumental)" by Spring Gang
Outro song: Joakim Karud - "Loudness & Clarity"

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#GameStop #Reddit #WallStreetBets

[MrFizzy-xrfp]

The funniest thing I find about this is that a person who has studied the stock market for years is being beaten by someone on the internet named furryunicorn69.

[たこ-nm]

imagine studying the stock market for literal years and losing billions to people who call them stonks

[cardodalitay]

Imagine getting bankrupted by someone named Deep Fucking Value

[keelanbrown]

Robinhood: *gives to the poor*
The poor: "Yay I'm rich"
Robinhood: y o u a r e w h a t

[BrotherNar]

"Let the people trade"
People: *trades*
"You're not supposed to do that"

[retroswags]

The entire situation summarized in one sentence: Billionaires complain because capitalism worked against them

[barbborstein]

As the stock market goes through this bear market phase of declining prices, it is not surprising to see newbie investors get worried about their portfolios declining in value. In the short-term, you have zero control over the ups and downs of the market (driven by emotions, manipulation, news, algos etc..), SO there is no point trying worrying about it. The only thing you should is to either ignore it OR take advantage of it (consistently adding more shares at discounts).

[TimeBucks]

I really didn't understand this at first

[richardgoodmanyt]

*Old Rich People: If You Working Class Want Money, Buy Stonks*
Working Class: *Buys GameStop Stonks
Old Rich People: You Weren’t Supposed To Do That

[vic_]

Rich people: *manipulate the stock market fpr their own gain*
Reddit users: *do the same*
Rich people: wait no

[sixscorpion]

I like the fact that He used the Monopoly guy and the Pringles guy as the Wallstreet billionaires

[werm]

I read something on Twitter that perfectly describes how I feel:
"I don't understand anything about the stock market but I sure do love seeing billionaires cry"

[venomase]

*why does animated elon musk look more like elon musk than elon musk*

[catacortis]

“Maybe the real stock market crash was the memes we made along the way” ~ A redditor, 2021

[elvismark]

Thanks for this amazing information !!
Sincerely, I'm not sure if investing at this time is a good option. Pay attention to how often things fall apart. Despite reading charts and predictions from renowned investors from the past and present, I'm still seeking for a better way to invest my money because I still have some time before retiring. I want to create a strong and trustworthy portfolio in order to produce passive income.

[flaviobiancolli]

The first event that united liberals and conservatives in years...

[Murpler]

investors: about to bankrupt gamestop
internet: hippity hopity, gamestop is not your property

[Poopie_buttholelickeresquirejr]

My history teacher was actually the one to introduce us to the whole gamestop stockmarket controversy and seeing how he's young and has been buying and trading stock for years makes me think that he was one of the redditors who bought a bunch of gamestop stock lol

[SuperWiiBros]

I still have a hard time understanding this whole thing

[Sillimant_]

you can't manipulate the stock market, only we can!!"

they got what they deserved