Go read why r/WallStreetBets was founded and how its creator left

The Wall Road Journal has written an excellent profile of the person who began r/WallStreetBets, the subreddit that’s been embroiled in controversy this week. His title is Jaime Rogozinski, and when you’re questioning how he’s been feeling about this entire factor, he likens it to “watching a kind of horror movies the place you possibly can see the dangerous man slowly going up the steps.”

The article gives the look that the subreddit, which is now making an attempt to raise the price of GameStop stocks to the moon, wasn’t solely created for revenue — it was created for enjoyable. Rogozinski was apparently tired of the same old inventory market recommendation about simply shopping for index funds and was on the lookout for precise discussions about particular person shares. He additionally talks about how the neighborhood is “refreshing,” with posts starting from “‘Take a look at my cash!” to “Take a look at all this cash I misplaced.”

As many traditional tales go, although, the creation finally ends up turning on the creator. Rogozinski is now not a moderator for the subreddit; he was booted off final April after clashing with moderators that he mentioned “have been straight up white supremacists.” It is a downside, it appears, that the neighborhood has been dealing with for a while.

It’s a superb story, and it provides nice perception into what occurs when a neighborhood turns into one thing its creator by no means supposed and the fallout that may have on the creator’s life. In the event you’ve been following the story of WallStreetBets, it’s definitely worth a read.

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