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Re:WallStreetBets vs WallStreet: It's not about the money an... by willis936 on Thursday January 28, 2021 @10:03AM (#25942800)
I have seen very little evidence of people investing money in the stock market that is not budgeted as “gambling” (ie disposable income). WSB embraces the idea that memetrading is gambling. This is not a surprise to anyone but a few outsiders.
Re:WallStreetBets vs WallStreet: It's not about the money an... by TameAntelope on Thursday January 28, 2021 @10:21AM (#25943117)
Then you have not been paying attention to WSB for very long. It's full of degenerate gamblers, so many loss porn posts come from people saying, "How will I pay my rent this month?"

Most of the time, WSB is a community to commiserate about losses and lie about gains.

Re:WallStreetBets vs WallStreet: It's not about the money an... by cocoa19 on Thursday January 28, 2021 @11:13AM (#25944131)
"How will I pay my rent this month?"

That's something I'd say to be funny, especially on reddit.

Re:WallStreetBets vs WallStreet: It's not about the money an... by TameAntelope on Thursday January 28, 2021 @12:00PM (#25944877)
I am with you historically, but people seem to be taking this way more seriously than previous similar shenanigans, so I'm re-evaluating my prior dismissals.
Re:WallStreetBets vs WallStreet: It's not about the money an... by asdff on Thursday January 28, 2021 @10:55AM (#25943808)
I feel like a lot of that sort of rhetoric on there is highly highly sarcastic. Half the time “how will I pay the rent?” Is followed by something along the lines of “my wifes boyfriend will never forgive me” the very next sentence.
Re:WallStreetBets vs WallStreet: It's not about the money an... by afavour on Thursday January 28, 2021 @10:16AM (#25943018)
But it kind of goes against the story that this is “the people” against Wall Street. “The people”, by and large, do not have a ton of spare gambling money sitting around. “Upper middle class folks with spare disposable income vs Wall Street” isn’t quite as persuasive a hook, though.
Re:WallStreetBets vs WallStreet: It's not about the money an... by read_if_gay_ on Thursday January 28, 2021 @10:24AM (#25943199)
But one could argue the upper middle class's interests are aligned with the lower class. So it's “upper middle class folks with spare disposable income on behalf of everyone else vs Wall Street”, which is such a mouthful that "the people vs Wall St" is probably close enough.
Re:WallStreetBets vs WallStreet: It's not about the money an... by willis936 on Thursday January 28, 2021 @10:26AM (#25943244)
Certainly. It takes money to make money. That rule hasn’t changed yet.

Many of societies big issues are intertwined so hopefully addressing one partially addresses many. The golden rule is particularly nasty: those with the gold make the rules.

Re:WallStreetBets vs WallStreet: It's not about the money an... by calyth2018 on Thursday January 28, 2021 @11:00AM (#25943903)
You must be missing a rash of people outside of the wsb sphere trying to create accounts with brokerages, have no idea what investment is, and trying to buy GME or others.

Those are the ones who would be left holding the bag when the music stops.

Re:WallStreetBets vs WallStreet: It's not about the money an... by serjester on Thursday January 28, 2021 @10:32AM (#25943381)
One of the most popular posts on WSB right now is somebody bragging they're putting their entire life savings in GameStop. I personally know people buying Gamestop that shouldn't be. It's pretty scary.
Re:WallStreetBets vs WallStreet: It's not about the money an... by snowwrestler on Thursday January 28, 2021 @10:30AM (#25943326)
This is not just a WSB thing anymore, it was front-page news on every news service yesterday.