Jaime Rogozinski is a grifter who repeatedly abused community trust to profit off WSB. This is why he was removed by Reddit admins in January 2020, a full year before the GameStop saga.

The only time he ever came to WSB after 2016 was if someone approached him with a way to make money off the community. It's laughable that anyone would buy the rights to his story when he wasn't around at all.

If WSJ cared about integrity, they would put "DISGRACED" ahead of the word founder.

Somehow I think a label like that would be prized in that place.

Most discussion around $GME takes place on r/Superstonk these days anyways. Can't remember why it was banned from WSB. Something to do with the new mods I believe.

GameStop was never banned from WSB. It is the 3rd most discussed ticker in the past 30 days. (After SPY and TSLA) [0]

GME had it's own daily thread well into April, at which point it was still completely dominating with significantly lower quality discussion that extended outside the GME specific daily thread.

Once we ended the daily thread and asked people to move to r/GME or r/SuperStonk, people incorrectly assumed it was banned, and continued to repeat this narrative, despite our repeated mentions that it was not banned.

Also, the WSB mod team is more or less the same as it was in 2019 or earlier. The majority of the team has been around for 6+ years.

[0] https://www.quiverquant.com/wallstreetbets/

/r/superstonk used to show up in my feed on Reddit a lot, and it seemed like most of the highly-upvoted posts were elaborate explanations of how, any day now, there was going to be some sort of massive short squeeze that was going to cause $GME to hit a price of ten or twenty million dollars a share (at which point the outstanding shares of $GME would be worth more than everything else on earth combined), and everybody who bought in was going to be billionaires.

I was never clear if this was some sort of in-joke/meme, or some fringe idea that kept getting upvoted because it was hilarious, or if the people in there actually knew so little about stocks and economics that they thought something like that was possible.

At least in some point it became so w Q-anon level conspiracy level that I had to stop following the subreddit. It was fun in the beginning.

Superstonk has pretty much been a qanon-esque community since day 1. I still hold 10 shares of GME (bought at $220 oof) _just in case_. With that said, every now and then they come up with something that makes me do a double take. Right now they're obsessed with direct registering their shares. I'm guessing they think that if they can lock up the whole float they can force a short squeeze. Also if ryan cohen issues an NFT dividend.

But I can assure you that the members are 100% serious.

Lets just assume the theories are right and that hedge funds have sold far more stock than is in existence, lets assume retail diamond hand HODLers buy every share there is and refuse to sell, for $10k or for $10M.

I can't find it now, but I'm sure there was an example of someone attempting the "buy the float" situation (not just Piggly Wiggly but another one more recent), and despite owning every share they were still being traded on the market. If I remember right it just carried on. Superstonk treat that as proof their theories are correct, I'd treat it as proof that even if they are right they won't get what they think they want.

Nor do they don't seem to account for the government stepping in and doing something like eminent domain and declaring the shares are worth a "more than fair price" and force-buying the shares at a fixed price of say $100/share, or even $500/share, or lets be crazy and call it $1000 per share - over twice as much as a share has ever traded for, and ending the situation.

I suspect a lot of people were waiting for 12 months before selling, as I believe that's preferable for tax purposes in the US, and that explains the high price until Christmas and then the more recent fall.

I also have 10 shares (bought at about $45). I have no idea about NFTs, but I feel like the potential risk is worth not selling for profit now. I don't think I'd buy any more at $100 though. If I could offset capital losses against income (which I believe you can in the US) I'd certainly buy more shares (although probably not in GME), but in the UK you can't, and I can't help but think the tap is going to be turned off on the US markets very soon so putting money into normal stocks isn't a great move either.

> But I can assure you that the members are 100% serious.

< We are, to an extent.

> Direct registering shares

< If the outstanding float of a stock is il-liquid and unable to be lent out, that'll force a short squeeze if the rest of the conditions are met. Lots of due diligence is readily available over there to show that those conditions are only getting more dire for the funds that never actually hedged their bets with authentic shares.

> Issues an NFT dividend

< This forces the hedge funds to also buy those NFT's to pair with the shares, which they'll be forced to buy too = short squeeze.

It looks like they are serious. They really believe their "DD" about "authentic shares" and "NFT dividends."

Well yeah, find something that disproves it.

That "DD" has been debunked numerous times, and I won't waste my time rehashing it. Suffice it to say that Carl Icahn is no stranger to burning short sellers by putting money in, loudly announcing it, and helping his investment through the legal system; and his absence from GME shows just how believable he thinks that DD is.

$220 was a steal compared to what I got mine at. But I was never under the impression that the what /r/wsb was saying was going to come true. I was just rolling the dice on being able to find a greater fool. I knew the price was very high, but I expected the hype to go on for longer than it did.

I followed WSB for a couple of years before the GME thing kicked off. When it did, it was great fun for about a week, then I unsubscribed. It got very repetitive and boring.

You should check it out again. We recently restricted memes to Friday afternoon to Sunday morning and the context is almost all text now.

I used to visit WSB 5 or 6 years back, whenever I visit it now it all seems to be millionaires pumping their positions in separate trading account as "YOLO" trade trying to get dumb people to pump the stock.

All WSB does now is magnify the winners/pumpers while leaving trail of poor people without their money.

> All WSB does now is magnify the winners/pumpers while leaving trail of poor people without their money.

That's all it ever was from my observation from around the same time; they shill the most absurd stock with emojis and brag about taking losses with diamond hands, but somehow discussing Bitcoin as an actual way to counter-act the ills of the 'hedgies' or central banks was banned so I lost interest.

I occasionally drop back in for certain things.

Like the ape statue at Wallstreet in front of the bull and buying kids those switches was cool, though.

But those incidents were always the exception, not the rule.

I can't figure out if this is sarcasm or an actual response.

It's a real response. And yea, memes only on weekends did actually improve the board.

It's an actual response. WSB just changed up their rules (I'm not super active there and I don't really understand why) but this is accurately stated.

They could at least pick a different moon to aim for.

Agreed, I'm a big WSB lurker in the past, but I wasn't so sure when the GME event erupted.

Because it took over the entire subreddit for months on end and dominated all conversation.

You can only read "Reporting in from Kazakhstan with 2 shares, stay strong apes HODL" so many times....

Honestly it didnt just take over the sub it ruined the whole sub and community. Im not going to say WSB was civilized pre-pandemic but it was much smaller with a range of interesting takes on things plus funny memes. And also degenerate gamblers who at least knew what they were fucking with.

The quality of poster is much much worse now.

I will be your WSB historian.

Two folds to the story -

WSB Side

WSB mods alleged the sub was suffocating with the GME and subsequent squeeze stock posts and shitty memes. I made couple memes myself but after the weeks to come WSB was inundated with all the memes centered around this one topic. WSB is a general investment subreddit that took a turn towards GME everything.

Another problem was GME's foundational investment theory, that it had high short interest. But if you look at DFV's way of investing he preached low valuation high potential stock. Just the mere short interest as a determinant wasn't true but an after thought. From that point on, many people who thought they were late in the GME game started to pile on other high short interest stock like Bed Bath and Beyond, WKHS etc. At that point WSB was becoming less of a shitty DD based stock to shitty meme based stock site. Mods clutched up modding but you can never know the difference between one pile of shit vs another pile of shit when it comes to a post. So post removal felt arbitrary.

Superstonk Side

The GME centered group left WSB because there was a new mod who didn't fit the WSB philosophy. There were some personal hypothesis about her(?). They even alleged I believe that mod made their adolescent child a mod of WSB who were also removing content left and right.

My post about cautioning people about GME which reached some magnitudes of thousand upvotes and plenty of agreeable comments was removed without notice.

There were several highly upvoted and good value posts removed which led to people believing that the real wall street might have infiltrated the WSB. So, in this cloud of distrust groups left and they started their own spinoff version of WSB.

> The GME centered group left WSB because there was a new mod who didn't fit the WSB philosophy. There were some personal hypothesis about her(?). They even alleged I believe that mod made their adolescent child a mod of WSB who were also removing content left and right.

You are confused. This has nothing to do with WSB.

What you are describing happened solely on r/SuperStonk or the other GME subreddits.

WSB has never had a child moderator.

Can't edit or delete the comment. I was dmed by the WSB mod who posted the daily GME megathread on reddit.

I have confused the GME subreddit with WSB on the point about the child moderator.

https://www.reddit.com/r/Superstonk/comments/mkdpk3/plumdrag...

---

Also WSB discontinued the daily GME thread and people moved (refugee-d) to superstonk.

https://www.reddit.com/r/Superstonk/comments/ms8681/rwallstr...

I am in the process of reading it. I never understood the disclaimer at start, that "Any resemblance to actual persons, living or dead, or actual events, is purely coincidental." in works were I saw it. Is this usually written to defend one legally, even though the events have clear, non-coincidental resemblance to real-life events?

Precisely. There was a film early in the industry's history (Rasputin and the Empress, early 1930s) that depicted events from a real person's life in a very negative (and most importantly, false) way and the studio got the pants sued off them. Hence the disclaimer

edit: it was Rasputin! Here's a Slate article describing the events: https://slate.com/culture/2016/08/the-bizarre-true-story-beh...

edit2: Here is a secondary source from Stanford, which is drier, but also less subject to hyperbole: https://web.stanford.edu/dept/HPS/HistoryWired/Davis/DavisAu...

A roman à clef is protected legally. It's why a movie like Citizen Kane was protected, despite the fact everyone knew it was about Hearst.

> Anyway, here it is. Feedback welcome.

I'm 10 pages in, it's engaging and taps into the whole 'GME is Occupy Wall Street 2.0' narrative that was widespread in late 2020-2021. It reads a lot like 'How to Sell Drugs Fast' to me.

I think we really should have a monthly screen-writer post on HN, throughout the years here I've read a few things that seemed like it had potential if it were fleshed out but usually fell on deaf ears. I have a few pilots and screen plays I go back to when I have down time.

Who knows maybe a FAANG worker has an in at Netflix?

Edit: Just finished it, the last act seems really rushed, like it was meant to meet a page threshold more than finding the protagonist's resolution.

The overall arch was solid, with typical banter and some inside jokes that could still be relatable to the uninitiated.

Funny how it got banned on Reddit, you got the full Reddit experience.

Well yes, users do get banned for blatant self promotion.

WSB is not, and has never been, the place to promote your art, especially when you're explicitly trying to raise awareness so you can sell it.

OP did the same thing with a gamedev book a year prior.

Easy ban.

Thanks for explaining the ban - I messaged you (I suppose) on Reddit asking why, but never received an explanation. I would have imagined a screenplay like this would be of interest to the community, and I couldn't really figure out what rule I had broken, but apologies for breaking the rules nonetheless.

I did in fact announce my (freely available) CG book [0] on Reddit, where it was very well received - 1300 upvotes in gamedev [1], 2500 in programming [2], tons of awards. Turns out Redditors respond positively to original quality content shared for free :)

[0] https://gabrielgambetta.com/computer-graphics-from-scratch/i...

[1] https://www.reddit.com/r/gamedev/comments/lbmbdf/computer_gr...

[2] https://www.reddit.com/r/programming/comments/lbmda2/compute...

Read it, it's good. (Typo page 45 r/the approach/they approach).

"not bad for a day's work"

Interesting definition of work. I see Kyle's future having morphed into Ivanov..

Thanks! Fixed the typo for next drafts.

Who knows, maybe this is the origin story of Kyle as a hedge fund supervillain? :)

I read a few pages and found it really good (maybe cause I was following the saga online)! I hope I get to see it on the big screen!

I like the script but you might want to tone it down at the start. I think it was good up until the christmas tree, and the wishing star was a little over the top. The emotions being expressed are clear already, and you don't need to translate it into symbolism for the audience to understand. :)

Lutz / Co-writer here. Thanks for your feedback! I'm mostly to blame for the excessive use of symbolism as I'm personally a big fan of visual storytelling as opposed to focusing on dialogue to explain the set-up in a scene. But I agree with you, maybe it was a little too much considering the context was already set very early into the scene!

On page 7, it seems that IVANOV is the one that tells ANTHONY to short WeDeliver, but on page 31 it seems that IVANOV is mad at ANTHONY that he (IVANOV) lost money. I understand how a perceived egotistic person that IVANOV seems to be would feel this type of anger, but why would ANTHONY accept this?

Great observation. I don't have a clear answer for this. The relationship between Ivanov and Anthony reflects the power relationship between their respective hedge funds (and later when Feng shows up, Feng > Ivanov > Anthony). Could say that Anthony was responsible for executing Ivanov's plan, so he's blamed when it fails, or that Ivanov is the kind of person who blames everyone but themselves when things go wrong, and Anthony is weak and/or afraid of Ivanov, so he just takes the blame without pushing back. But again, great observation, will try to improve in future drafts.

I haven't seen screenplay typography in a while... how did you typeset that?

I used Trelby on Linux to write it, then just print to PDF.

I read the whole thing and loved it. Great work. I wish I could watch the film!

Thanks! So are we :)