Here Are The Best GameStop Stock Memes Absolutely Shitting All Over Wall Street And Billionaires
"BREAKING: Elon Musk loses 'richest man in the world' title to TigBitties420_x."
If you’ve been online this week, you’ve very likely seen ‘GameStop’, ‘Wall Street’, or even ‘STONKS’ trending at least once.
And if you’ve got a very smooth brain like me, it’s likely all very confusing to understand. Economics and stock trading? We truly don’t know her. But it turns out Redditors fucking hedge funds over is actually a very big deal, and is surprisingly impressive.
My colleague Joe Earp did a great explainer of the GameStop Wall Street debacle, but basically, a very bare bones run-down of what’s happening is that the WallStreetBets sub-reddit banded together and drove up the stock price of GameStop, a struggling American video game chain.
The Redditors did this because they noticed that hedge funds were shorting GameStop’s stock, which essentially means they were borrowing stock, selling them at market price, then buying them back cheaper to make a sweet profit.
Look, I know it’s all very confusing, but basically hedge fund managers were certain GameStop’s stock price would only get worse, but Reddit said not on my watch and the new demand for stock they created caused these hedge funds lose money. A lot of money. Like, around $5 billion, according to S3 Partners.
a normal person explains what’s happening on the stock market: pic.twitter.com/zKKvULCirX
— Avalon Penrose (@avalonpenrose) January 27, 2021
To add another layer to this entire mess, the fee-free stock trading app, Robinhood, then decided to restrict trading effectively running GameStop shares back down in price. This came after massive hedge funds like Melvin Capital, required massive bail outs to stay in business as a result of the surge caused by Redditors.
Naturally, watching these massive hedge funds get huge bail outs in the middle of the pandemic, and watching Wall Street essentially get paused to recover, angered a lot of people online. This is because of the special treatment these hedge funds were getting, as it became apparent that rich people didn’t quite enjoy when the middle- and lower-class finally understood how to beat billionaires at their own games.
Still don’t really get it? Honestly, that’s fine. Not really knowing what’s going on with stocks is part of the fun — and actually makes up a huge chunk of the memes that people are making about the whole thing.
So here are all the best memes about GameStop, Wall Street, stonks, Robinhood, and having absolutely no fucking idea what’s actually happening:
Trying to figure out what’s going on with Game Stop like pic.twitter.com/cD4AcKOXHN
— Katie Ragosta (@KatieRagosta) January 27, 2021
Me disguising myself as a hedge so that I can get funds pic.twitter.com/QFsO8L8iSW
— Joe Gunn (@joegunn) January 28, 2021
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
GameStop sitting amongst Tesla and Amazon after reddit users make it a Fortune 500 company pic.twitter.com/AVUtcjs6gl
— Jordan Deeb (@Jordan_Deeb) January 27, 2021
Hedge fund managers right now pic.twitter.com/AyloEpFBXJ
— kyle/Free agent nba fan (@knicks_tape99) January 27, 2021
Youth Pastor: do you know who also crashed a market?
— Michael Tannenbaum (@iamTannenbaum) January 27, 2021
“It’s a movie theater stock that’s extremely undervalued right now, yes I know it’s a pandemic” pic.twitter.com/3sXVRG5JMx
— 🐪 Miskeen and 5'14" (@MoodyKnowsNada) January 27, 2021
— Girl Who Is Down Bad (@noleftairpod) January 28, 2021
For anyone confused about the GameStop thing here’s a quick explanation: GameStop is a store where you can buy or sell games
— Vanderpump and Dump (@munemoji) January 28, 2021
— Armani (@historyoarmani2) January 28, 2021
Everyone is treating the stock market like a fucking game and that's because it is.
— Respectable Lawyer (@RespectableLaw) January 27, 2021
They seen poor people getting money and called in the government 😭 https://t.co/GTaB7oaTGe
— Maybe: Lonz (@lonsdaleslim) January 27, 2021
Y’all explaining stocks to me:
All I hear: “IF JACK GOT 4 APPLESSSSS”🗣
— 🌚 (@joshieyamaguchi) January 27, 2021
This why the stocks went up https://t.co/60DvbFbKPF
— Kali Uchiha 🥷🏻 (@SailorZZtar) January 28, 2021
BREAKING: Elon Musk loses "richest man in the world" title to TigBitties420_x
— manny (@mannyfidel) January 27, 2021
Just bought stock in AMC. No clue what I’m doing. I feel like her. pic.twitter.com/xJSiSOcCSw
— Fleetwood Max (@FleetwoodMax__) January 27, 2021
Part of the GameStop absurdity and chaotic revelry is seeing news outlets publish Reddit usernames with a straight face pic.twitter.com/BGaGbE9Wdj
— Hamza Shaban (@hshaban) January 27, 2021
Hedge fund CEO: I lost $3 billion, my company, my home, and now my wife
Me: Have you considered budgeting?
— Ken Klippenstein (@kenklippenstein) January 28, 2021
Wall Street right now pic.twitter.com/LmmrQdc7jI
— Paul Lawson (@PaulLaw10) January 27, 2021
— Jim Malo OAM (@thejimmalo) January 26, 2021
maybe the real stocks is the class consciousness we learned along the way 😌
— grace spelman: addicted to deleting her own tweets (@GraceSpelman) January 28, 2021
Ah, sweet, beautiful stonks.