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Just A Bunch Of Good Memes About How Reddit Successfully Trolled Wall Street Tycoons With GameStop Stocks

Don't worry, I had to learn a bunch about investments and hedge funds to appreciate these jokes too.

Posted on January 27, 2021, at 1:16 p.m. ET

@luiwee

Then we lose is all next week #stockmarket #stocktok #Stocks #investing #Money #fyp

♬ original sound - Ballislife

ICYMI, popular subreddit r/WallStreetBets successfully pushed up the value of GameStop after learning that Wall Street was betting that the gaming retailer's stock would plunge.

Here's a very good and thorough explainer by my colleague Amber Jamieson.

Essentially, hedge funders were trying to short GameStop stock. When redditors got word of this, they launched a coordinated plan to surge GameStop's value in the stock market by urging investors to pour money in.

The company's stocks opened at $88 on Tuesday and jumped 90% by close. It then jumped another 50%, to over $230, during after-hours trading. Its stocks were priced at $4 a year ago.

The mass troll was designed to make hedge fund investors sweat and potentially lose out on a ton of money. And people online...reveled.

Twitter: @PaulLaw10
@elijah.brasley

That short squeeze was crazy #stocks #investing #forex #bitcoin

♬ You give me butterflies - ✨amo a mis 23.4k subs✨


Twitter: @TheEpicDept

The jokes are ripe and, like GameStop's stocks (GME), ever-growing.

Game stop? Seems more like the games have just started

Twitter: @DaveCoIon
Twitter: @revrrlewis

hedge fund managers: haha we would be so screwed if this GameStop stock ever went up, good thing that will never happen Reddit:

Twitter: @VeryBadLlama

People found it particularly hilarious that a company like GameStop could soon be as attractive to investors as big tech companies are today.

GameStop sitting amongst Tesla and Amazon after reddit users make it a Fortune 500 company

Twitter: @Jordan_Deeb

There’s this high tech firm called GameStop

Twitter: @genz75


I've made more money from GameStop today than I have in the last ten years of trading in games to them.

Twitter: @MightyKeef

And of course they continued to dunk on Wall Street execs.

Your hedge fund collapsed? Sorry to hear that sir. I'm afraid I'm not authorized to give discounts- that'll be $18.95

Twitter: @Delicious_Tacos

If any hedgefund managers want to find new employment I can teach them some python 3 for $190 an hour.

Twitter: @RealOldPaul

There has been so much talk about finances and the economy online this week that people either couldn't care less or were eager to learn it all. Trying to figure it all out has become a meme of its own.

Idk what hedge fund means and I don’t care

Twitter: @UPDOG420

out here trying to find someone to explain the gamestop thing to me

Twitter: @rachsyme

me trying to understand the GameStop stock news

Twitter: @fake_jaris

DM me feet and/or (hairy only) armpit pics if you’d like me to explain the GameStop situation

Twitter: @robdelaney

But by far the funniest outcome is watching us media outlets wrestle with the seriousness of the situation and the trolliness of redditors.

Part of the GameStop absurdity and chaotic revelry is seeing news outlets publish Reddit usernames with a straight face

Twitter: @hshaban


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