WallStreetBets founder tells Logan Paul why GameStop boom is \u2018pissing off\u2019 Wall Street YouTube, @Impaulsive \/ Reddit, r\/wallstreetbetsOn the latest Impaulsive podcast episode, Logan Paul brought on the WallStreetBets subreddit founder to discuss the GameStop boom, Robinhood drama, and why it\u2019s all infuriating Wall Street hegemons. While he may not be as active as he once was on Reddit, Jaime Rogozinski founded the r\/wallstreetbets (r\/WSB) subreddit and remains entrenched in the community. Well-aware of the WSB forum\u2019s history, he provides a nuanced perspective that Paul deemed useful for the ongoing GameStop investment drama. In the past week, WSB and affiliated TikTok communities have propelled skyrocketing GameStop ($GME) prices along with other poorly performing companies (e.g. AMC Theatres, Nokia, Blackberry) that hedge funds thought they could comfortably short. Without diving too deeply into the specifics, these retail investors across the internet are treating traditional traders to an unprecedented short squeeze and drama has unfolded. As hedge funds react and apps like Robinhood shut down trading, Rogozinski joined the Impaulsive podcast and explained precisely why these market fluctuations are infuriating Wall Street. Noting the seemingly frivolous nature of WSB, specifically \u201cdoge,\u201d the \u201clittle meme dog\u201d and \u201cstonks,\u201d co-host Mike Majlak asks Rogozinski if there\u2019s an added dimension to the recent drama. Outside of simply making money or even exposing issues with financial institutions, Majlak wonders if the internet\u2019s behavior is unnerving Wall Street. And Rogozinski\u2019s response is undoubtedly in the affirmative. \u201cAbsolutely it\u2019s got to piss these people off. They had to go and learn about discounted cash flows \u2026 and get these certifications. And these guys are sitting there going \u2018Haha, my Tesla has a ludicrous button\u2019 \u2026 and then they make a funny TikTok video and then they make money.\u201d Past the \u201cpoetic justice\u201d and \u201cfeel-good story\u201d of upending traditional financial structures as the lower classes exploit the billionaire class for money, Rogozinski argues that the silly nature of internet behavior is personally unsettling for Wall Street\u2019s \u201cold-timers.\u201d https:\/\/twitter.com\/disclosetv\/status\/1354862517902827521 When you listen to reactions from hedge fund billionaires like Leon Cooperman, Rogozinski\u2019s point is aptly reinforced. The rocket and moon emojis, trending Twitter hashtags and \u201chold the line\u201d memes have all constituted joking on the internet while affecting real business. As for the angry, traditional investors who are spelling doom for retail traders who are at risk of \u2018losing their shirt\u2019 because they\u2019re not as experienced, on behalf of the internet, Rogozinski is unfazed. \u201cWell, they haven\u2019t lost their shirt yet and it\u2019s been a while since they\u2019ve been doing this \u2014 long before GameStop. And the fact is, their little funny pictures are having an effect.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
WallStreetBets founder tells Logan Paul why GameStop boom is \u2018pissing off\u2019 Wall Street YouTube, @Impaulsive \/ Reddit, r\/wallstreetbetsOn the latest Impaulsive podcast episode, Logan Paul brought on the WallStreetBets subreddit founder to discuss the GameStop boom, Robinhood drama, and why it\u2019s all infuriating Wall Street hegemons. While he may not be as active as he […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22014","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/22014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/comments?post=22014"}],"version-history":[{"count":0,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/22014\/revisions"}],"wp:attachment":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/media?parent=22014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/categories?post=22014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/tags?post=22014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}