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GameStop

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Stock that became a Reddit meme investment leading hundreds of thousands to lose their life savings while believing in conspiracy theories about it reaching $100,000 per share

Mentions (15)
"I bought $10k worth of GME just days before the short squeeze, and it went up to $100k during the day of the squeeze. For context, I was probably making around $40k from my job at the time. I didn't sell because I thought it would go up more, but then Robinhood blocked trading the next day."
I still haven't mentally recovered from the Gamestop short squeeze · u/No-Database-6204 · ↑566 · 2024-01-27
"The doge coin sub is a hub of morons who actually believe that they are going to take down 'the hedge funds'. It's an actual cult. I saw one of them say that the goal was 'the largest redistribution of wealth in history.' All of this on a post about a guy who lost all of his money to doge and can no"
"Many of them are 100% convinced it will hit $100,000 a share or higher. It's become a sort of doomsday cult where the economy collapses and they become unfathomably rich. They seriously believe the US government will throw the big banks under the bus so they can pay out a bunch of redditors and make"
There's still a ton of people who are all in on GameStop · openingacanofpeas · ↑328 · 2023-04-27
"5 years ago, GameStop had its massive 1,200%+ run and probably like 12 people on Reddit actually made real money off of it. The rest of them all bought during the frenzy when the stock was like $300 and were left holding the bag once all the smart money cashed out."
People don't talk enough about the cult of GameStop bagholders · u/snapchillnocomment · ↑207 · 2026-01-13
"Or it'll be like "RED ALERT RED ALERT: NEW TWEET FROM THE GAMESTOP CEO" and the tweet is just " 🧑‍⚖️🤖" and everyone in the comments section is losing their shit"
"but then you go on the subreddit and see these guys sucking Musk's dick for memeing along with them and cumming in their bonobos chinos because Asian millionaires are buying gme in "solidarity" and realize everything will always be bad"
the stock market discourse is kinda cool · u/bd506 · ↑88 · 2021-01-29
"essentially they all organized to buy shares and call options on Gamestop stock which shot the stock price up quite a bit. that's all well and good. the real meat and potatoes is that they are close to putting some hedge funds out of business as they are recklessly shorting the stock"
grassroots activist investing as praxis for the left · u/emerson9991 · ↑82 · 2021-01-26
"I've squirreled some money away into retirement accounts, but with the GameStop and crypto schemes of this year, I can't even conceptualize investing as anything other than sheer gambling."
"Everyone is counting on me to last-minute cram what a "stock" is so I can find a way to geniusly combine it with the words: praxis, class consciousness, neoliberalism, revolution"
"And is not "praxis" 😭😭😭 is just stock markets working as they should, nonsensically 🙄🙄🙄 but congrats to the few people that made some money, though I don't think it will resurrect these companies"
Str8 men stop talking about the GameStop thing is boring · u/Odio2020 · ↑57 · 2021-01-27
"Six years ago Nick was living in a Chinese tenement. His jobs prior to NYC included Papa John's, a car dealership and GameStop."
Do you think Nick has imposter syndrome? · u/sirenboi12 · ↑32 · 2022-02-02
"It reminds me of a time when /r/wallstreetbets was 1M strong and it had quality memes, and then the Game Stop story broke all over the internet and suddenly that sub went from 1M to 10M over night. It ruined everything!"
"essentially they all organized to buy shares and call options on Gamestop stock which shot the stock price up quite a bit"
grassroots activist investing as praxis for the left · u/emerson9991 · ↑82 · 2021-01-26
"with the GameStop and crypto schemes of this year, I can't even conceptualize investing as anything other than sheer gambling"
"His jobs prior to NYC included Papa John's, a car dealership and GameStop."
Do you think Nick has imposter syndrome? · u/sirenboi12 · ↑32 · 2022-02-02
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