After a slow and steady climb from $50 three weeks ago, GameStop stock soared close to $350 a share today and then dropped to $200 within minutes. What the hell happened? Gamma squeeze? Market manipulation? Short sellers? Retail investors switching to Roblox? We're all completely flabbergasted but one thing is certain: we wish we'd bought some shares when it was at $45. Hindsight sure is cruel. Though many are full of FOMO and regret, the diamond hands are rejoicing today as their heavy bags quickly become gains once again. Where will GameStop go? To the moon or to its grave? Whatever the hell is happening, it sure is exciting to watch this wild ride. We've collected a bunch of Twitter reactions to the meme stock chaos today.
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After an insane couple internet weeks of chatter about meme stocks overwhelming social media, memes about the phenomenon are still surging, one of which is a trending Twitter meme that cleverly brings together seemingly disparate but equally fanatical interest groups—stock traders and astrologers. There are limitless examples of odd couples in fiction and the real world that totally work with the caption 'stock market BF & astrology GF.' We've put together our favorite memes from the Twitter trend.
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As the standoff between r/WallStreetBets and the GameStop short sellers endures through the weekend, no one can stop the surge of memes in support of the retail investors causing the squeeze. No one can really say what the outcome of all this will look like, but we love to see the little guy getting pissed off at billionaires. And of course, we're all about the memes.
Via Sw4y
It's been a crazy ass week as the war between millennial retail investors and the hedge fund shills of Wall Street rages on. If you've got shares in $GME, may this ridiculous sea shanty give you hope for a victorious outcome of this legendary short squeeze. But even if you're not in the game and don't know what the hell is going on, the lyrics might teach you a bit about the GameStop saga.
As you've probably heard, a huge upset in the stock market is currently underway as unrelenting redditors, memelords, millennials, and investors continue to buy GameStop shares, driving up the price of its stock as a result. Why? Well, it all started with r/wallstreetbets—a forum for discussion about risky trading strategies. Some redditors (including the founder of the sub) noticed that GameStop was one of the most shorted stocks in the market and took the opportunity to skyrocket the stock by buying up a shitload of shares. Many other Robinhood users followed suit, YOLOing their life savings into GME and causing a crisis for the short sellers betting against it.
The battle between Melvin Capital and the r/wallstreetbets army is still raging hard as individual investors are not only refusing to sell, but more and more are buying in. They won't stop until meme stocks blast off to the moon. We've collected some of the best posts and zingers from Reddit and Twitter about the r/wallstreetbets saga.
