Happy Friday! We're back with our weekly collection of the best dank memes Reddit has to offer. As is to be expected, there's lots of reference to the r/wallstreetbets GameStop stock fiasco. But don't fret if you're tired of hearing about stonks. There's still something here for everyone. Especially gamers. So sit back, relax, and enjoy the memes.
stonks
Via Know Your Meme
The internet (and the media in general) is going berserk over retail investors testing the mettle of hedge funds with the help of Reddit. But how did this madness start? Know Your Meme explains exactly how a diverse group of savvy internet users harnessed the power of memes to achieve ultimate gains, starting with GameStop stonks.
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If you've been on the internet or turned on the news at all over the past few days, we're pretty sure that you've heard about the movement of Reddit retail investors (r/wallstreetbets) that's been f*cking up the hedge fund game. Well, it seems investment apps such as Robinhood, Webull and E-Trade want this fun to be over. The apps have decided to ban the trading of hot, shorted stocks such as Gamestop, AMC, and Blackberry - a move that's been incredibly controversial, and feels, to retail investors, like a huge betrayal. It's a betrayal that's already inspired class action lawsuits and criticism from politicians on both sides of the aisle. Despite the hubbub and anxiety, memes about this important moment in history are still flying around Reddit. Hopefully things will start looking up for the retail investors and brokerages stop treating bailed-out hedge funds with kid gloves that they do not deserve.
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.
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"Meme Man" isn't a new character in the dank meme-o-sphere by any means, but he's been popping up lately in memes like "Stonks" and "Enslaved Moisture." We have to warn you before you scroll down that these memes don't make any GD sense and will likely leave you with more questions than answers.
We'll be honest, we don't fully understand why some memes gain popularity, and this "Stonks" meme is one of those. However, they're definitely on the rise and perfect for any aspiring dank economist out there. An aspiring dank economist who, if we're being honest, has absolutely no grasp on how the stock market works in the slightest. Oh well, at least we can pretend.
