Seasoned readers (or even those only on the sub for a few months) know that, but the influx of WSB readers is coming from average reddit users who are here for the get-rich-quick and "stick it to wall street" theme the GME squeeze has ignited. They'll be the ones disappointed and holding the bag once everyone, including WSB veterans, have cashed out.

yeah but who cares and why do they care

I could be in my most empathic state after a heavy acid trip and still wonder where this unnecessary paternalistic attitude comes from

what do you guys want to happen, another paragraph added on page 73 of the regulatory disclaimers?

They care because Wall St. fucked over the entire planet in 2008 and these guys are sat around, bored, probably with an extra stimulus lying around, and have been told they can destroy a few hedge funds via GME.

I don't know how realistic that is, but the message is certainly powerful.

> who are here for the get-rich-quick

That means you’re there to gamble. You can’t waltz in expecting 1000% returns in a few days and pretend you’re not gambling.

I agree with this historically, being in the WSB old-timer club myself.

But there's about 5 million new people subscribed to that sub in the last couple weeks, and I don't believe they all know holding GME is gambling.

If you are buying GME at this point after the publicity, you know absolutely that it’s gambling. It’s had 50+% swings every day for the last week or so.

Even on WSB the posts are very much about it being a batte that has a potential of being lost. There is no pretense of GME being an investment that only goes up or that GME is some up and coming company.

there’s literally comments of people who say they only have 40 in their bank and they are spending it on meme stocks instead of gas to get to work. not sure what to say

I've spent a quarter of my rent money with no idea how I'd replace it when a highly reputed Asian Massage Parlor girl from Korea passed through our town's AMP and the internet rumors said she might not pass through again for a year. FOMO. That's life, who cares?

As far as I'm concerned, folks on this board who haven't at least once spent critical money for a passion are completely out of touch with the everyday realities of working class life.

> folks on this board who haven't at least once spent critical money for a passion are completely out of touch with the everyday realities of working class life.

Amen to that!

There’s people that make that trade off with alcohol and drugs as well. At least this has a non zero expected value.

> non zero expected value

day trading has always had -EV :)

Of course some know it is gambling but when the suicide hotlines inevitably show up i don't think you'll be saying they knew what they were signing up for.