#r/wallstreetbets
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beef stock has gone up while, inexplicably, chicken stock has seen drastic decreases in the past few days. in other worlds this zuppa tuscana is bussin bussin af that kale is indeed cruncy.
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the Redditor who claimed The Chinese are dumb at geopolitics "because Mao killed off all the smart people so the only ones left are culturally and genetically stupid" (not an actual quote just a summary [yes he believes in intelligence-based eugenics]) is a senior associate at a law firm who loves wrestling, says "reeee", calls Japan incomparable to other nations in its greatness, and posts on r/wallstreetbets. Also seemingly a halo lore scholar
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Help I want you to ruin me :3
I'll gladly help ruin you, sweetheart 💛
Go to reddit.com/r/wallstreetbets and follow unsolicited financial advice ~~
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Obey Me HC: Please, for the love of all that is good, keep Mammon away from r/wallstreetbets, he will YOLO away all of his money gambling on the stock market. It's part of why he can't be trusted with his own money, frankly
#obey me#obey me lucifer#obey me mammon#om mammon#obey me shall we date#shall we date obey me#obey me!#look in your heart you know it to be true!
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What would each of the main character’s most interacted with subreddit be, in the event that they could use Reddit?
🎷: It seems VERY likely to me that Weepe would be all over r/wallstreetbets. 🤑
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He's literally so patheticpilled cringecore
Moderator of r/wallstreetbets
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Oooh ok like where this is going but the question is how did Luke manage to bypass Aemond to invest in Aegon’s startup
luke doesn’t understand what crypto is at all — he learned all about economics and finance from corlys and his grandpa was always like “i don’t bother with that millennial garbage”
aegon, in snake oil con man fashion, info dumps on luke until all luke can pick out is “future” “high returns” “tendies” “r/wallstreetbets”. he lets aegon open a crypto wallet using aemond’s information thinking it’s a cute fun little online game thing and next thing anyone knows, aemond is on his way to murder his brother for bamboozling his pookie
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On Reddit and Truth Social, users have been trying to re-create the meme-stock magic for Trump Media and Technology Group—the company behind Truth Social—that boosted companies like GameStop in 2021. So far, they haven’t been too successful.
Truth Social, former president Donald Trump’s Twitter copycat, lacks two essential ingredients to the narrative of previous campaigns: underlying fundamentals and the foil of institutional investors. Large hedge funds had shorted GameStop, betting that the price would go down. This time, the stock is owned primarily by retail investors.
Unlike other social media companies, the Truth Social doesn’t disclose how many users it has, but has said previously that just 9 million people have signed up for the site, compared with over 3 billion monthly active users on Facebook. TruthSocial visitors have declined from 5.4 million in January to around 5 million in February, according to web analytics firm SimilarWeb. The site’s lack of users has contributed to poor financial performance.
On the r/wallstreetbets subreddit, home of meme-stock boosterism, most users aren’t buying what Truth Social is selling.
“If you invest in this on a long enough timeline you will lose everything. Thus is strictly a movement play,” wrote Reddit user Rich4718. “If you think Donald Trump is going to create an income positive social media platform you are an absolute fucking moron.”
The company started trading publicly on March 26 under the ticker symbol DJT and has already experienced wild swings in price. On Monday, the stock slid nearly 20 percent, erasing $2 billion in value.
In a filing on Monday, the company said it had just over $4 million in revenue and $58 million in net losses. This comes after the auditor for Trump Media and Technology Group made a startling admission: The company’s losses “raise substantial doubt about its ability to continue,” according to a filing with the US Securities and Exchange Commission on March 25.
And yet the company is valued at around $7 billion, despite reporting these sizable losses. The valuation is propped up in part by Trump fans who see investing in the company as a way to support the former president. In some cases, these investors hold a genuine belief that Truth Social could become a major social media player.
Albert Choi, a professor of Law at the University of Michigan, says investors in Trump Media may be motivated by factors beyond traditional financial logic, like boosting the price through generating hype.
“If that’s your primary motivating factor, then you’re not going to care too much about whether the company is actually making money,” says Choi.
“I believe DJT is an investment in Donald Trump, not just Truth Social,” Reddit user autsauce, who declined to share their real name, tells WIRED. “If market participants start asking that question, which I am betting they will, they will likely arrive at a very different price valuing Truth Social in a silo.”
Choi noted that Trump winning the Presidential election could actually hurt the company’s stock, as investors' perceived need to support the former president financially by investing could fade.
“My guess is that the interest in the stock would largely disappear,” Choi said.
Some Truth Social fans have spun the company’s entry into the public market as a fresh start. The infusion of capital from people buying shares in the company will enable Truth Social to post an improved financial performance, they argue.
“With $300M to properly grow a company and Trump’s impending win in 2024, the entire situation has changed,” Chad Nedohin, who regularly livestreams about his support for the company while wearing a Jack Sparrow costume, wrote on Truth Social.
Still, Truth Social doesn’t really provide anything unique. The company’s defining feature is that it's the website where Trump is currently posting, and it is, unsurprisingly, home to many posts discussing conspiracy theories about QAnon, stolen elections, and deep state plots.
But Devin Nunes, Truth Social CEO and former Republican US representative, said in an interview last week with the right-wing activist Charlie Kirk that the company plans to combine features from other social networks.
“We’re trying to take the best of all platforms and put it into one,” Nunes said, “whether it be Twitter, Instagram, TikTok, et cetera.”
Truth Social still needs to comply with Apple’s and Google’s terms of service to remain in its respective app stores. Nunes claims, however, that Truth Social “doesn’t use any of the woke companies, referencing Parler, the social media company that was kicked off Apple’s and Google’s mobile app stores in the wake of the January 6 riot at the Capitol.
“It’s kind of an interesting investment, because you’re really investing in your constitutional rights,” Nunes said. “We’re the only company out there that can’t be shut down by woke companies.”
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good omens angels would buy into ftx’s crypto scam and good omens demons would fall for an r/wallstreetbets scam, in this essay I will
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"Email Canadian Netflix sent to me today. Bought puts. Cancelled subscription."
https://www.reddit.com/r/wallstreetbets/comments/10y6v7q/email_canadian_netflix_sent_to_me_today_bought/
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he was a r/wallstreetbets, she was a r/gonewild, can I make it any more obvious
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nobody:
not a single soul:
me, an absolute fucking lunatic: ok but how does the in-universe r/wallstreetbets feel about waystar
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remembering that time michael reeves made 2 bots, one who bought random stocks based on where his fish is in his tank, and one that takes most popular stock on r/wallstreetbets
and the fish choosing by random made like 1k while redditors lost like 20k
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Hamilton starting arguments on r/wallstreetbets and busting a fat nut every time the other person deactivates
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