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I Never Want To Hear "You Just Have to Work Hard to Succeed" Ever Again

1/27/2021

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Two weeks ago, I blogged about how I found these really cool album cover-pokémon cards on Reddit and that I was planning on using Reddit not just for finding blog topics and porn, but to grow DOL to help me obtain my dream job/life's mission of becoming a Barstool Blogger.

Hand up, I totally forgot about posting blogs on Reddit until I looked at my monthly blog list last night and saw that post again.
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In my defense, I have a legit excuse for not following through (yet) as teaching myself Adobe leapfrogged "post your blogs on Reddit" in my brain. Plus that skill is much more valuable IMO.

Had I started posting on Reddit, maaaaybe I would've seen this sub r/wallstreetbets? Sure, I know as much about stocks and the market as Beethoven knows about Metallica, but who's to say I wouldn't have stumbled across this one of 2.2 million subreddits, then learned how to play the market and made buckets of cash?

Basically r/wallstreetbets is/was (we'll see why I'm not sure what tense to use shortly) an online community for younger traders, memers...you know, millennials to throw caution to the wind when it comes to investments; treating it like gambling...hence the name. Just having fun trying to make a buck.

According to people who get paid to write about this type of stuff this is what r/wallstreetbets is all about: 

For the unfamiliar, the r/wallstreetbets subreddit describes itself as "Like 4chan found a Bloomberg Terminal." In other words, it's a bunch of internet shitposters interested in making money on the stock market. It can often be hard to decipher what is real and what is a joke on the board, making the whole subreddit an entertaining mess.
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Admittedly I don't know much about the market and felt like 2009 John Mulaney during this whole ordeal.

Me trying to understand what’s going on with Gamestock and AMC pic.twitter.com/agCq1FMJM1

— Doz #hiredozo (@DozonLife) January 27, 2021
And since we all know I'm Captain Typo, it only took me until 4:27 PM to notice.

mother fuck...Game STOP***** □

— Doz #hiredozo (@DozonLife) January 27, 2021
What I do know is that the stock market ≠ the economy. It's like saying only the spotify accounts of Grammy winners dictate what music is popular. 
​
Essentially, this subreddit figured out what the Hedge funds and big banks have done for years; finding a way to short some stocks to their advantage. This caused companies like Gamestop and AMC Movie Theaters stock price to skyrocket.

However, since regular people and not the 1% are profiting, the entire financial sector is up in arms; looking for ways to block this. It's hypocrisy at it's finest. You got Ameritrade fucking moving goal posts. 

https://t.co/CG1QkwJ9WB pic.twitter.com/sj5US3UaAE

— Doz #hiredozo (@DozonLife) January 27, 2021

The speed in which Congress will probably pass legislation to prevent something like this GameStop thing from happening again will show you the difference between “immediate” for Wall St and “immediate” for people waiting on those $2k checks

— Justin Jackson (@J_ManPrime21) January 27, 2021
It's exactly why the whole notion of "you just have to work hard to be successful" is a crock of shit. Is it partly true? Of course. There's millions of examples across the world, but there's also millions of examples where the deck is stacked against you and if you do find a way to work around it the deck is just shuffled again.  Will the 1% do everything they can to hold onto power and fuck over Johnny Average? You bet. This reddit community has done nothing illegal. If anything they've followed a playbook that's been around for decades. God, it's so perfect they're using the app Robinhood.

If they take down WallStreetBets, they better take down every single Wall Street hedge fund that has been endlessly using gangster tactics to make a quick buck.

— WSB Chairman (@WSBChairman) January 26, 2021

So, market manipulation by federal reserve pumping $ into failing banks & corporations is okay. But Reddit users rallying GameStop is wrong and must be regulated? The entire stock market is disconnected from reality. Funny how quickly the financial press cries for hedge funds.

— Ana Kasparian (@AnaKasparian) January 27, 2021

im not exactly a finance guy but my impression is that if a subreddit can bankrupt you you probably weren't doing a very good job in the first place

— Rich Lather (@allahliker) January 27, 2021

The #WallStreetBets ppl are attempting to pull off the rarest of occurrences, a transfer of wealth from Wall Street to Main Street. Glorious.

— Krystal Ball (@krystalball) January 27, 2021

Listening to people question the legality of #wallstreetbets □. Individual investors publically sharing option strategies is way less shady than a handful of hedge funds moving the markets with billions of dollars behind closed doors

— Kevin Rose □□ (@kevinrose) January 27, 2021
I don't know how any decent person could be against the redditers. It's like rooting for the Yankees against a little league team.

Yeah I’m with the Redditers pic.twitter.com/1ZJ0ERIfYj

— Joshua Potash (@JoshuaPotash) January 27, 2021
As of now r/wallstreetbets has been made private, but many people are wondering if reddit actually was the one behind the move. 

r/WSB down RIP

— WSB Chairman (@WSBChairman) January 27, 2021
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It would be a good time for someone to pitch me their app that could host a new community□□‍♂️

— WSB Chairman (@WSBChairman) January 28, 2021
Who else would step in for the little guy, but the man of the people himself, Dave "El Pres" Portnoy?

My platform is yours tomorrow of you want it https://t.co/iEerBgiR4V

— Dave Portnoy (@stoolpresidente) January 28, 2021

Emergency Press Conference - The Suits Shut Down @wallstreetbets @WSBChairman My prediction is tomorrow will be intergalactic for $amc $gme $nok

(Im not a financial adviser. Don’t listen to me) pic.twitter.com/oYrsPOz8Vx

— Dave Portnoy (@stoolpresidente) January 28, 2021
The best part of all this is the people profiting off of r/wallstreetbets are doing something the 1% never does; give back to the little guy (even though Chamath Palihapitiya is a billionaire lol, but he's far from the only one who's donated to Barstool Fund). 

I fucking love this guy @chamath The only time CNBC and the Suits care about protection is when it’s the establishment getting their teeth kicked in. As long as the big banks are winning the stock market is great. The second retail takes the wheel it’s all unfair pic.twitter.com/uQRUOFFLfX

— Dave Portnoy (@stoolpresidente) January 27, 2021
P.S.

I 100% found inspiration from this cat. #HireDozo

This just shows how quickly everything can change for someone online. It's exactly why when I get down about not being where I want to be professionally that I can get back up knowing I have so much to offer the world & that it can literally all change in a day. #HireDozo https://t.co/rwf4jWMtfq

— Doz #hiredozo (@DozonLife) January 27, 2021
Double P.S.

​Haaaaaaaa!

If I was a Hedge Fund losing billions to Reddit shitposters, I would get a second job driving for Uber, cut out the Starbuck's, and skip the avocado toast.

— Jean-Paul Blarte: Mall Cop (@OldPappyThomas) January 27, 2021
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