Difference between revisions of "/r/wallstreetbets"
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| − | '''/r/wallstreetbets''' is a subreddit used for discussing day trading, stocks, and sharing individual trades, losses, or gains. It's known most famously for incidents where its users have exploited options contracts in RobinHood to leverage millions of dollars, and for posts on the board of users losing up to millions of dollars. | + | '''/r/wallstreetbets''' is a subreddit used for discussing day trading, stocks, and sharing individual trades, losses, or gains. Users will post images of their portfolio, text posts, and memes. It's known most famously for incidents where its users have exploited options contracts in RobinHood to leverage millions of dollars, and for posts on the board of users losing up to millions of dollars. Initially created in 2012 by [[Reddit]] user /u/jartek. The subreddit grew in size from less than 10,000 at the end of 2014 to 930,000 by February 2020. <ref>https://subredditstats.com/r/wallstreetbets</ref> On February 21, 2020, /r/wallstreetbets removed itself from /r/all and default subreddits.<ref>https://www.reddit.com/r/wallstreetbets/comments/f720hg/wsb_removed_from_rall_and_default_subreddits/</ref> This limited the amount of non-members from viewing the subreddit without a direct link, and was done to reduce the number of users joining the community. |
==Background== | ==Background== | ||
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===Community=== | ===Community=== | ||
The users of /r/wallstreetbets are . Its members refer to each other | The users of /r/wallstreetbets are . Its members refer to each other | ||
==Ethical Issues== | ==Ethical Issues== | ||
| − | + | /r/wallstreetbets is a platform used for discussing stocks, but it has been criticized for its users coarse language and lax attitudes towards its community. Members of the community will egg each other on to post their "loss porn", which means a screenshot or other documentation of users losing much of their portfolio.<ref>https://www.bloomberg.com/news/articles/2020-02-26/reddit-s-profane-greedy-traders-are-shaking-up-the-stock-market</ref> The most notable example of this is when user | |
===Paper Trading Competitions=== | ===Paper Trading Competitions=== | ||
Revision as of 18:03, 13 March 2020
/r/wallstreetbets is a subreddit used for discussing day trading, stocks, and sharing individual trades, losses, or gains. Users will post images of their portfolio, text posts, and memes. It's known most famously for incidents where its users have exploited options contracts in RobinHood to leverage millions of dollars, and for posts on the board of users losing up to millions of dollars. Initially created in 2012 by Reddit user /u/jartek. The subreddit grew in size from less than 10,000 at the end of 2014 to 930,000 by February 2020. [1] On February 21, 2020, /r/wallstreetbets removed itself from /r/all and default subreddits.[2] This limited the amount of non-members from viewing the subreddit without a direct link, and was done to reduce the number of users joining the community.
Contents
Background
Community
The users of /r/wallstreetbets are . Its members refer to each other
Ethical Issues
/r/wallstreetbets is a platform used for discussing stocks, but it has been criticized for its users coarse language and lax attitudes towards its community. Members of the community will egg each other on to post their "loss porn", which means a screenshot or other documentation of users losing much of their portfolio.[3] The most notable example of this is when user
