The media retains saying WallStreetBets goes after silver; WallStreetBets members say it’s a marketing campaign to co-opt and divide them. This epi
The media retains saying WallStreetBets goes after silver; WallStreetBets members say it’s a marketing campaign to co-opt and divide them.
This episode is sponsored by Nexo.io.
At present on the Transient:
- Elon Musk talks bitcoin on Clubhouse
- India attempting to ban crypto?
- DEXs have finest month ever in January
Our fundamental dialogue: Has WallStreetBets been infiltrated by hedge funds?
Reddit group WallStreetBets grew to become headline information final week when its quick squeeze of GameStop (GME) almost introduced a famed hedge fund to its knees. In response to Twitter personalities and the mainstream media, the group has now turned its focus to squeezing silver.
Besides, one cursory have a look at the subreddit exhibits that isn’t the case. As an alternative, it is stuffed with posts about how hedge funds and media try to advertise the silver story to distract and divide the group.
On this episode, NLW tries to interrupt down what’s occurring and argues that now that WSB has change into a market pressure, these kind of makes an attempt to affect its dialog are going to change into de rigeur.
See additionally: GameStop, Robinhood and the Failure of Un-Free Markets
Picture credit score: Nicky Loh/Bloomberg through Getty Pictures