Arab Press

بالشعب و للشعب
Saturday, Mar 14, 2026

Gamestop sounds like the beginning of the end of Wall Street as we know it

The Redit kids investors group got already over 7 million members. They shaking the market by the law, knocking down all the big crooks that usually making billions from everybody’s losses. And they are not going to stop. They getting richer every minute, and therefore more powerful.

Millions taking the $600 “money from the sky” they got from Donald Trump stimulus cash and convert it to millions of dollars.

Do not sell”, “Eat the rich”, “Hold the line.” “Everything burns.” Reddit’s ‘meme stock’ traders embrace the GameStop chaos.



Reddit users in the Wall Street Bets (WSB) community are basking in the rage, nihilism and chaos they’ve injected into the global financial markets after they upended the system by driving up the stock price of struggling companies such as GameStop.

The WSB community has upset some of the biggest hedge funds in the world with its David-vs.-Goliath approach, all because of a clever financial move that’s being referred to as a “meme stock” or “stonk.”

The strategy involves marshalling the WSB community to buy stock in companies that major investors have “shorted,” or bet against, because the experts expect those stocks to fail. The sudden surge of buyers drives up the value of the stock, and the major investors are squeezed into cutting their losses and giving up their short bets. The major investors lose money, while the Reddit buyers watch the value of their stocks soar (and perhaps cash them out for a massive profit).

The community started its stock blitz earlier this week with GameStop, a foundering video game retailer, before moving on to brands such as AMC, Blockbuster and American Airlines. Now they’re hunkering down and calling the big investors’ bluff, even as more people outside the community join in the cause.

The meme-stock traders were mocking the big investors and celebrating their digital winnings on Thursday, as scrutiny intensified on their wildly successful scheme. 


There was also a strong “nothing to lose” attitude in many of their posts, as they treated their investments as a small price to pay for the resulting chaos.

One user mocked hedge fund managers and business news outlets with a screenshot of his or her six-figure returns on GameStop.

“Guess what I did yesterday?” the user wrote. “Went to work then got drunk watching anime until 12 a.m. Guess what I’ll do tomorrow if I lose all these gains? Not a goddamn thing different.”

Another user shared a captioned scene from The Dark Knight, in which the Joker gleefully burns a pile of money.



It’s not about the money, it’s about sending a message,” the user wrote, in a quote from the Joker.

Many people repeated calls to “hold the line” and avoid cashing out on the artificially high stock, in order to make life harder for the big investors on the other side of things.

They also railed against e-trading apps such as Robinhood, which clamped down on WSB-related stock trading on Wednesday night. The app is one of a few that make it easy for anyone to dabble in the markets, but it has selectively halted all purchases of WSB-targeted stocks.

One Toronto-based WSB member told Global News that he invested in GameStop before the stock took off, in large part due to advice he read on the Reddit community. He says he’s enjoying the skyrocketing value now, but he still plans to hold on after the hype dies down because he likes the company.

I have no problem staying in there long-term, and whatever happens, happens,” he said, on the condition of anonymity to retain his privacy as a member of the group.

He added that the whole GameStop journey, including the short bets and Robinhood’s selective crackdown, has exposed the power imbalance between large and small investors.

“It starts to seem like as a regular person, the rules that apply to me vs. the rules that apply to a financial institution are very different,” he said. “There’s nothing illegal about it. They shorted that stock like crazy, and now regular people got on it. If another bank did it, they’d be like, ‘Well, that’s business.’”

Ja Rule, the rapper and former Fyre Festival investor, joined the calls for solidarity on Thursday morning.

DO NOT SELL!!!” he tweeted, after blasting Robinhood. “HOLD THE LINE.”

Ja Rule’s endorsement instantly made others feel a bit leery about the whole endeavour.

“Signs of the apocalypse: Ja Rule is giving trading advice,” one person joked.

Several users shared their own hard-scrabble stories on Reddit, and vowed to make Wall Street investors feel a bit of that same desperation.

You’re trying to scare us into selling. It won’t work,” user u/Hungry_Freaks_Daddy wrote in a post that was later shared widely on Twitter. “I have lived basically paycheck to paycheck for my entire adult life.

“I’m here to say fuck you and to be part of this moment, this movement… I risk my money happily. I am not the least bit scared or worried. You might be a financial expert, (but) I am a survival master.”

Reddit founder and former chairman Alexis Ohanian applauded the WSB trades on Thursday, tweeting: “This is going to be in the textbooks one day.

Ohanian highlighted several stories from people who saw the scheme as revenge against big banks for the recession of 2008.

Occupy Wall Street didn’t have Robinhood accounts and their figurative drum circle has gotten a LOT bigger thanks to the open internet,” he tweeted.

This is personal for a lot of people.”

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Strait of Hormuz Crisis Forces Saudi Arabia Into Major Oil Production Shut-In
Strait of Hormuz Crisis Forces Saudi Arabia Into Major Oil Production Shut-In
Saudi Arabia Slashes Oil Output as Strait of Hormuz Crisis Cuts Deep Into Gulf Revenues
Saudi Arabia’s Cultural Scene Presses Ahead as Nation Navigates Regional War
Saudi-Pakistan Defence Pact Faces Real-World Constraints as Iran War Escalates
Saudi Arabia Offers Two Million Barrels of Crude From Red Sea as War Disrupts Gulf Exports
Formula One Faces Tens of Millions in Lost Revenue if Bahrain and Saudi Arabia Races Are Cancelled
Formula One Set to Cancel Bahrain and Saudi Arabian Grands Prix Amid Escalating Middle East War
Saudi Arabia Downs Dozens of Iranian Drones in Major Defensive Operation
Saudi Arabia Cuts Oil Output by About Twenty Percent as Iran War Disrupts Gulf Energy Flows
Formula One Set to Cancel Bahrain and Saudi Arabian Grands Prix Amid Escalating Iran War
Asian Energy Security Tested as Strait of Hormuz Disruption Threatens Oil Supplies
Iran Sets Three Conditions for Ending Regional War as Diplomatic Efforts Intensify
Saudi Arabia Launches Royal Institute of Anthropology to Examine Social Transformation
Pakistan’s Prime Minister Shehbaz Sharif Arrives in Saudi Arabia for High-Level Talks
Saudi Aramco Turns to Ukrainian Drone Interceptors to Shield Oil Infrastructure from Iranian Threats
UK Foreign Secretary Travels to Saudi Arabia to Reinforce Support for Regional Allies
Rising Iran Conflict Casts Shadow Over Saudi Arabia’s $38 Billion Gaming Industry Ambitions
Iran Launches Missile and Drone Strikes Across Gulf as Oil Prices Surge Past $100
Saudi Air Defences Destroy Three Drones Targeting Strategic Shaybah Oil Field
Debate Grows Over Saudi Arabia’s Role in Sudan War Amid US Alliance Questions
Pakistan’s Prime Minister Travels to Saudi Arabia After Discussions With Iranian Leadership
Two Strategic Pipelines Allow Saudi Arabia and the UAE to Bypass the Strait of Hormuz
US Deploys Bunker-Buster Bombs to UK Airbase as Iran Conflict Intensifies
Iran warns of $200 oil as forces target merchant ships in Gulf
Japan to Release 45 Days of Oil Reserves Amid Iran Conflict
Three Commercial Vessels Attacked Near Strait of Hormuz, Thai-Flagged Ship Damaged and Crew Evacuated
Saudi Red Sea Oil Exports Set for Record in March as Kingdom Reroutes Crude Amid Hormuz Crisis
Saudi Arabia Seeks Belgian Military Support After Iranian Missile Attacks
Saudi Arabia Welcomes US Decision to Designate Sudan’s Muslim Brotherhood as Terrorist Organisation
Saudi Aramco Plans Dual Gulf and Red Sea Export Routes as Iran Crisis Disrupts Oil Shipments
Saudi Cabinet Condemns Iranian Attacks and Reaffirms Kingdom’s Right to Defend Its Sovereignty
Ukraine Deploys Counter-Drone Teams to Gulf States as Iranian Drone Threat Expands
Bahrain Grand Prix Faces Uncertainty as Saudi Arabia Works to Keep Formula One Race on Track
Saudi Arabia Faces New Strategic Dilemma in Yemen as Regional War Reshapes Calculations
OPEC Confirms Saudi-Led Oil Output Increase as Iran War Disrupts Global Energy Markets
Pakistan Pledges Rapid Support for Saudi Arabia Amid Escalating Middle East Tensions
Global Energy Agency Announces Record Release of 400 Million Barrels to Stabilize Oil Markets Amid Hormuz Disruption
Aramco Warns Global Oil Market Faces ‘Catastrophic’ Shock if Strait of Hormuz Remains Closed
Iran Launches Drone and Missile Attacks Across Gulf Targets Including Saudi Arabia, Kuwait and Bahrain
Saudi Arabia Elevates Fahad Al-Saif as Vision 2030 Enters Crucial Implementation Phase
Saudi Aramco Expands Routes to Move Oil Without Reliance on the Strait of Hormuz
Saudi Arabia and Pakistan Reaffirm Mutual Defense Cooperation Following Iran Strike
Saudi Arabia Plans Major Ukrainian Arms Deal to Counter Iranian Drone Threat
Pentagon Signals Intensification of U.S. Air Campaign as Iran Conflict Escalates
U.S. Senator Lindsey Graham Raises Prospect of Mutual Defense Pact With Saudi Arabia Amid Iran Conflict
Why Saudi Arabia Is Unlikely to Have Wanted U.S. Airstrikes on Iran
Saudi Arabia’s Red Sea Oil Exports Set to Reach Record High as Gulf Routes Face Disruption
Saudi Arabia Pushes East–West Oil Pipeline Toward Full Capacity as Hormuz Crisis Disrupts Global Energy Flows
Oil Prices Retreat From Peak as G7 Weighs Release of Strategic Reserves
×