![]() The group’s potential influence is enormous. In the joke, a manchild relies on his mom for everything, throws tantrums, and is rewarded for good behavior with “Good Boy Points” (GBP), which he redeems for his favorite food: chicken tenders, a.k.a. Commenters call themselves “degenerates” or “apes.” Reddit posts hype up how many “tendies” a person will get from their investments, a phrase that comes from old 4chan greentext stories about manchildren living in their mom’s basement. They insult the “paper hands” who crumple and sell their shares at the first taste of money or scary drops. Strings of rocket emojis signify how the group wants to send GME’s price “to the moon.” Users encourage each other to have “diamond hands” (represented in emojis, of course), a riff on the strength of diamonds and a user’s strength to last through big market swings. Tendies, rocket ships, diamond hands - this is the language of WallStreetBets (WSB), the white-hot subreddit powering the GameStop (GME) frenzy on the stock market. And, at first glance, they’re speaking a foreign language. With 8 million members - as of this writing, and the group is still growing - it’s as if 1 in every 40 Americans is standing in a giant room talking. In that seven-day period, they claim to have moderated "an average of 1,500 posts and comments per day.It’s hard to overstate how big the WallStreetBets group has gotten. Claiming to have over 14 years of experience as a moderator on the platform, they offered their assistance to help deal with the volume of traffic and posts only a week ago. Shortly after zjz's removal, fellow mod jamsi announced that they had been removed as well. R/WallStreetBetsTest, a sub created nine months ago by zjz, has become the new hub for these ousted mods and the place to discuss the drama that transpired. "This was our clubhouse with all our friends where we let loose and were honest about being in it for the money, but not being in it to sell each other anything," zjz told the New York Times over email. The ousted moderators were not only against the movie deal, they also believed that the sudden influx of new users could lead to a sudden shift in subreddit culture, changing what made WSB initially unique. These mods had booted out anyone in their inner circle, like zjz, who questioned the deal and wanted the sub to remain fairly true to its original message of buying stocks with a "YOLO" mentality. Read Also: The history of WallStreetBets, the Reddit group that upended the stock marketĪccording to a report from the New York Times, moderators of WallStreetBets had been discussing "landing a movie deal" and figuring out what their "cut" is in a conversation on Discord, a chat app. Writing in a post titled "/r/wallstreetbets will die soon unless the admins save us," the longtime moderator asked for help after he said he was being "taken hostage by the top moderators." According to zjz, moderators who hadn't been active on the WallStreetBets recently came back and took over, creating press email addresses and "scrambling to get paid from some movie deal." The post was quickly removed from the sub, alongside many comments criticizing the new moderators. Moderators oversee control of individual subreddits like WallStreetBets and make sure the sub is following Reddit's rules by removing spam and posts that break the community guidelines. On Thursday morning, a moderator who goes by zjz, claimed that the group of moderators who oversee WallStreetBets had split over a potential movie deal following the subreddit's viral fame, creating a power struggle between two groups. This week, it experienced a virtual coup among moderators of the subreddit that resulted in multiple waves of bans from WallStreetBets and Reddit itself. WallStreetsBets, a forum on Reddit that recently made headlines for boosting unlikely stock picks like Gamestop, has exploded in popularity over the past two weeks. Account icon An icon in the shape of a person's head and shoulders.
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