WSB stands for WallStreetBets. It is an internet community and subreddit primarily focused on discussions related to stock trading and investing.
WallStreetBets gained considerable popularity in recent years, particularly during the GameStop short squeeze incident in January 2021. The community is known for its unorthodox and often high-risk investment strategies, as well as its irreverent and humorous approach to financial discussions.
The subreddit serves as a platform for individual investors, both experienced and novice, to share investment ideas, strategies, and opinions. Members often engage in detailed discussions about specific stocks or options and provide their insights on potential investment opportunities. Additionally, the subreddit has become known for its support of a "YOLO" (You Only Live Once) mentality, where users encourage each other to take bold risks in the stock market.
WSB has become a significant influence within the financial world, with its members sometimes causing significant shifts in the stock market due to coordinated buying or selling of particular stocks. This collective action has led to the term "Reddit army" being used to refer to the subreddit's users.
While WallStreetBets has gained notoriety for its unconventional strategies and the potential for market manipulation, it remains an important online community where individuals can share information and engage in discussions relevant to investing and trading.
