Because memes, unlike gains, are forever.
As members of the r/wallstreetbets subreddit continued their ongoing battle with short selling hedge funds Wednesday, driving the price of GameStop (and theater chain AMC) even higher in the process, the rest of the internet did what it does best: made memes.
And oh, what glorious memes they are.
Seemingly all of Twitter united in celebration as it watched retail investors — i.e. normal people — lay waste, at least temporarily, to the professional Wall Street class.
— Joshua Potash (@JoshuaPotash) January 27, 2021
Others, meanwhile, celebrated the absurdity of the entire situation.
Every time I open this app pic.twitter.com/TXN8lY993z
me, reading explanations about the gamestop stock thing pic.twitter.com/Img8k98zDX
— E. Alex Jung (@e_alexjung) January 27, 2021
Oh yeah, and then Sen. Elizabeth Warren chimed in.
“For years, the same hedge funds, private equity firms, and wealthy investors dismayed by the GameStop trades have treated the stock market like their own personal casino while everyone else pays the price,” she said in a Wednesday statement. “It’s long past time for the SEC and other financial regulators to wake up and do their jobs — and with a new administration and Democrats running Congress, I intend to make sure they do.”
Elizabeth Warren on the GameStop trading: “For years, the same hedge funds, private equity firms, and wealthy investors dismayed by the GameStop trades have treated the stock market like their own personal casino while everyone else pays the price.” pic.twitter.com/AkEfeZDvEv
— Amanda Terkel (@aterkel) January 27, 2021
If the redditors of r/wallstreetbets end up actually driving increased regulatory action on the IRL Wall Street… well, expect the memes to be even sweeter.
This content was originally published here.