Re:The nihilism of r/wallstreetbets
by mox1 on Tuesday January 26, 2021 @11:31AM
(#25917741)
As someone who has spent the last few months following WSB, to me it feels very much like an old school Internet club/social scene/etc. Reminds me a lot being involved in a niche IRC community or something.
Along with all the silliness, there are a lot of smart people posting very interesting things on the forum. Open, free for anyone to read (in a hack-the-finance-planet) sorta way.
You have people writing in-dept thesis' on which way a stock is heading / what happened yesterday / how to "play" the trade. Its clear some of the people are serious as they put hundreds of thousands up against their theory.
Along with this you get a bit of a stick-it-to-the-man feeling as well. I will shed 0 tears if a bunch of people on reddit bring multiple hedge funds down. Perhaps the entire finance world should be more open, equitable and accessible!
Along with all the silliness, there are a lot of smart people posting very interesting things on the forum. Open, free for anyone to read (in a hack-the-finance-planet) sorta way.
You have people writing in-dept thesis' on which way a stock is heading / what happened yesterday / how to "play" the trade. Its clear some of the people are serious as they put hundreds of thousands up against their theory.
Along with this you get a bit of a stick-it-to-the-man feeling as well. I will shed 0 tears if a bunch of people on reddit bring multiple hedge funds down. Perhaps the entire finance world should be more open, equitable and accessible!