What Is Wallstreetbets (WSB)?
Wallstreetbets (WSB) is an online forum for stock market traders and investors. It was founded in 2012 by Jaime Rogozinski, a former Wall Street trader who wanted to create a place where people could discuss stocks without the influence of brokers or financial advisors. The site has grown rapidly since then, with over 8 million members as of 2021. WSB is known for its wild speculation on stocks and cryptocurrencies, often leading to huge gains or losses depending on how well-informed the users are about their investments.
The main focus of WSB is discussion around investing strategies and ideas related to stocks, options trading, cryptocurrency trading, forex trading and more. Users can post questions about specific investments they’re considering making or ask advice from other experienced traders on what moves they should make next. There are also plenty of memes shared throughout the community that poke fun at Wall Street culture while providing entertainment value for those looking for something lighthearted during their day-to-day investment activities.