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Wallstreetbets (WSB)

Give me the basics

WallStreetBets (WSB) is a popular online community of retail investors that gained fame during the GameStop short squeeze in January 2021. While the group primarily focused on stocks, many members have shown interest in cryptocurrencies as well. WSB discussions and activity have been known to influence the prices of certain assets in both traditional finance and the crypto market. However, it is important to note that WSB should not be considered as financial advice and investors should always conduct their own research before making any decisions.

In-depth explanation

WallStreetBets (WSB) is a popular online forum that gained widespread attention during the GameStop short squeeze in January 2021. WSB is a community of individual traders who discuss various stocks, options, and other investments on social media platforms like Reddit. They use various strategies and tactics to drive up or down the prices of particular securities. In recent times, WSB has also expanded its scope to include cryptocurrencies. Its influence has sparked a new wave of retail investor activism that has disrupted the traditional financial markets and attracted widespread media attention.