Wallstreet Bets

About Wallstreet Bets

WSB is an abbreviation for WallStreetBets, which can be translated into Chinese as "Wall Street Casino". It is a subsection created on reddit in January 2012, similar to the Chinese stock forum. The members of this forum are mainly millennials, who treat stocks as a form of gambling and study how to get rich overnight with leverage. They are dismissive of technical analysis, fundamental research, and value investing. The atmosphere of the WSB forum is very lively, and members often post various pictures, showing their positions and profits and losses. From time to time, some hidden bosses will jump out to do very detailed and professional analysis and investment popularization. Chamath, a famous investor and one of the founders of Facebook, commented on them: "Based on my many years of experience, many people on WSB do research that is not inferior to professional hedge fund researchers at all." Recently, the WSB forum has become popular on the Internet because its members successfully pushed up the stock price of the struggling GameStop (GME) company. This incident made the influence of the WSB forum expand rapidly and also attracted widespread attention and discussion.