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💎🤲 These two emojis together mean “Diamond Hands.” On WallStreetBets, users encourage each other to have diamond hands, or hold on to their investments and avoid selling.🚀 Redditors use the rocket emoji to indicate which stocks they’re hoping to “send to the moon”, or quickly increase in stock price.People who are often bearish are part of the “Bear Gang.” 🧸 The bear emoji means the opposite, denoting that someone is bearish on an investment and thinks it will decrease in value.Those who are often bullish are known as being part of the “Bull Gang.” 🐂 Investors on Reddit use this bull emoji when they’re bullish on an investment, meaning that they think it will increase in value.Here’s a quick guide to how these Redditors use emojis and internet slang to discuss investments: The price fell, however, after AMC announced that it would sell 11 million shares to hedge fund Mudrick Capital Management. More recently, at the beginning of June 2021, Redditors swarmed AMC Entertainment, pushing the stock’s price up 2,850% during 2021, and causing the New York Stock Exchange (NYSE) to halt trading in early June. Short sellers are then forced to buy the stock back at higher prices. This rush of investors produced what’s known as a short squeeze, which happens when the stock price of a heavily shorted company starts to increase. In January 2021, these investors, who refer to themselves as “apes” and “degenerates,” started buying shares of GameStop, pushing the stock’s value to a record high of $483 on January 28, 2021. At the same time, they hope to take aim at hedge funds by driving up prices on those overlooked stocks they’ve shorted. The members of WallStreetBets say they aim to “democratize” investing and make it more accessible to average people.

These “Redditors” have caused big swings in the value of companies known as “meme stocks” or “You Only Live Once” (YOLO) stocks, which tend to be for companies that have been overlooked or have decreased in value, such as GameStop or AMC Entertainment, and are heavily shorted by hedge funds.

In recent months, WallStreetBets has actually moved the market. WallStreetBets investors are on the move again, and they seem to be talking in a language all their own.įounded in 2012 by Jaime Rogzinski, a former bank IT consultant living in Mexico City, the popular Reddit forum for retail investors has more than 10 million members who avidly discuss investing in the stock market, as well as speculative trading, or making high-risk investments with the hope that they will increase in value.