Beautiful Virgin Islands

Monday, Jul 14, 2025

Gamestop sounds like the beginning of the end of Wall Street as we know it

The Redit kids investors group got already over 7 million members. They shaking the market by the law, knocking down all the big crooks that usually making billions from everybody’s losses. And they are not going to stop. They getting richer every minute, and therefore more powerful.

Millions taking the $600 “money from the sky” they got from Donald Trump stimulus cash and convert it to millions of dollars.

Do not sell”, “Eat the rich”, “Hold the line.” “Everything burns.” Reddit’s ‘meme stock’ traders embrace the GameStop chaos.



Reddit users in the Wall Street Bets (WSB) community are basking in the rage, nihilism and chaos they’ve injected into the global financial markets after they upended the system by driving up the stock price of struggling companies such as GameStop.

The WSB community has upset some of the biggest hedge funds in the world with its David-vs.-Goliath approach, all because of a clever financial move that’s being referred to as a “meme stock” or “stonk.”

The strategy involves marshalling the WSB community to buy stock in companies that major investors have “shorted,” or bet against, because the experts expect those stocks to fail. The sudden surge of buyers drives up the value of the stock, and the major investors are squeezed into cutting their losses and giving up their short bets. The major investors lose money, while the Reddit buyers watch the value of their stocks soar (and perhaps cash them out for a massive profit).

The community started its stock blitz earlier this week with GameStop, a foundering video game retailer, before moving on to brands such as AMC, Blockbuster and American Airlines. Now they’re hunkering down and calling the big investors’ bluff, even as more people outside the community join in the cause.

The meme-stock traders were mocking the big investors and celebrating their digital winnings on Thursday, as scrutiny intensified on their wildly successful scheme. 


There was also a strong “nothing to lose” attitude in many of their posts, as they treated their investments as a small price to pay for the resulting chaos.

One user mocked hedge fund managers and business news outlets with a screenshot of his or her six-figure returns on GameStop.

“Guess what I did yesterday?” the user wrote. “Went to work then got drunk watching anime until 12 a.m. Guess what I’ll do tomorrow if I lose all these gains? Not a goddamn thing different.”

Another user shared a captioned scene from The Dark Knight, in which the Joker gleefully burns a pile of money.



It’s not about the money, it’s about sending a message,” the user wrote, in a quote from the Joker.

Many people repeated calls to “hold the line” and avoid cashing out on the artificially high stock, in order to make life harder for the big investors on the other side of things.

They also railed against e-trading apps such as Robinhood, which clamped down on WSB-related stock trading on Wednesday night. The app is one of a few that make it easy for anyone to dabble in the markets, but it has selectively halted all purchases of WSB-targeted stocks.

One Toronto-based WSB member told Global News that he invested in GameStop before the stock took off, in large part due to advice he read on the Reddit community. He says he’s enjoying the skyrocketing value now, but he still plans to hold on after the hype dies down because he likes the company.

I have no problem staying in there long-term, and whatever happens, happens,” he said, on the condition of anonymity to retain his privacy as a member of the group.

He added that the whole GameStop journey, including the short bets and Robinhood’s selective crackdown, has exposed the power imbalance between large and small investors.

“It starts to seem like as a regular person, the rules that apply to me vs. the rules that apply to a financial institution are very different,” he said. “There’s nothing illegal about it. They shorted that stock like crazy, and now regular people got on it. If another bank did it, they’d be like, ‘Well, that’s business.’”

Ja Rule, the rapper and former Fyre Festival investor, joined the calls for solidarity on Thursday morning.

DO NOT SELL!!!” he tweeted, after blasting Robinhood. “HOLD THE LINE.”

Ja Rule’s endorsement instantly made others feel a bit leery about the whole endeavour.

“Signs of the apocalypse: Ja Rule is giving trading advice,” one person joked.

Several users shared their own hard-scrabble stories on Reddit, and vowed to make Wall Street investors feel a bit of that same desperation.

You’re trying to scare us into selling. It won’t work,” user u/Hungry_Freaks_Daddy wrote in a post that was later shared widely on Twitter. “I have lived basically paycheck to paycheck for my entire adult life.

“I’m here to say fuck you and to be part of this moment, this movement… I risk my money happily. I am not the least bit scared or worried. You might be a financial expert, (but) I am a survival master.”

Reddit founder and former chairman Alexis Ohanian applauded the WSB trades on Thursday, tweeting: “This is going to be in the textbooks one day.

Ohanian highlighted several stories from people who saw the scheme as revenge against big banks for the recession of 2008.

Occupy Wall Street didn’t have Robinhood accounts and their figurative drum circle has gotten a LOT bigger thanks to the open internet,” he tweeted.

This is personal for a lot of people.”

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Air India Pilot’s Mental Health Records Under Scrutiny
Google Secures Windsurf AI Coding Team in $2.4 Billion Licence Deal
Jamie Dimon Warns Europe Is Losing Global Competitiveness and Flags Market Complacency
South African Police Minister Suspended Amid Organised Crime Allegations
Nvidia CEO Claims Chinese Military Reluctance to Use US AI Technology
Hong Kong Advances Digital Asset Strategy to Address Economic Challenges
Australia Rules Out Pre‑commitment of Troops, Reinforces Defence Posture Amid US‑China Tensions
Martha Wells Says Humanity Still Far from True Artificial Intelligence
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
U.S. Resumes Deportations to Third Countries After Supreme Court Ruling
Excavation Begins at Site of Mass Grave for Children at Former Irish Institution
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
EU Delays Retaliatory Tariffs Amid New U.S. Threats on Imports
Trump Defends Attorney General Pam Bondi Amid Epstein Memo Backlash
Renault Shares Drop as CEO Luca de Meo Announces Departure Amid Reports of Move to Kering
Senior Aides for King Charles and Prince Harry Hold Secret Peace Summit
Anti‑Semitism ‘Normalised’ in Middle‑Class Britain, Says Commission Co‑Chair
King Charles Meets David Beckham at Chelsea Flower Show
If the Department is Really About Justice: Ghislaine Maxwell Should Be Freed Now
NYC Candidate Zohran Mamdani’s ‘Antifada’ Remarks Spark National Debate on Political Language and Economic Policy
President Trump Visits Flood-Ravaged Texas, Praises Community Strength and First Responders
From Mystery to Meltdown, Crisis Within the Trump Administration: Epstein Files Ignite A Deepening Rift at the Highest Levels of Government Reveals Chaos, Leaks, and Growing MAGA Backlash
Trump Slams Putin Over War Death Toll, Teases Major Russia Announcement
Reparations argument crushed
Rainmaker CEO Says Cloud Seeding Paused Before Deadly Texas Floods
A 92-year-old woman, who felt she doesn't belong in a nursing home, escaped the death-camp by climbing a gate nearly 8 ft tall
French Journalist Acquitted in Controversial Case Involving Brigitte Macron
Elon Musk’s xAI Targets $200 Billion Valuation in New Fundraising Round
Kraft Heinz Considers Splitting Off Grocery Division Amid Strategic Review
Trump Proposes Supplying Arms to Ukraine Through NATO Allies
EU Proposes New Tax on Large Companies to Boost Budget
Trump Imposes 35% Tariffs on Canadian Imports Amid Trade Tensions
Junior Doctors in the UK Prepare for Five-Day Strike Over Pay Disputes
US Opens First Rare Earth Mine in Over 70 Years in Wyoming
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
Bitcoin Reaches New Milestone of $116,000
Biden’s Doctor Pleads the Fifth to Avoid Self-Incrimination on President’s Medical Fitness
Grok Chatbot Faces International Backlash for Antisemitic Content
Severe Heatwave Claims 2,300 Lives Across Europe
NVIDIA Achieves Historic Milestone as First Company Valued at $4 Trillion
Declining Beer Consumption Signals Cultural Shift in Germany
Linda Yaccarino Steps Down as CEO of X After Two Years
US Imposes New Tariffs on Brazilian Exports Amid Political Tensions
Azerbaijan and Armenia are on the brink of a historic peace deal.
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Weinstein Victim’s Lawyer Says MeToo Movement Still Strong
U.S. Enacts Sweeping Tax and Spending Legislation Amid Trade Policy Shifts
Football Mourns as Diogo Jota and Brother André Silva Laid to Rest in Portugal
×