Jaime Rogozinski, Founder of WallStreetBets, joins the boys to discuss the surge of GameStop & AMC, the Reddit revolution against Wall Street, Robinhood’s criminal trade restrictions and the repercussions, whether cryptocurrency is a viable solution, and battling the impenetrable shield protecting American finance. Hold the line.
In recent weeks, beJaime Rogozonski, the founder of the subreddit r/WallStreetBets hops hops on a call to discuss the recent events and how the members of WallStreetBets have shook the financial world to its core.
Jaime Rogozinski says he saw the GameStop chaos coming. “It’s fascinating to watch,” said the founder and former moderator of WallStreetBets, the now-famous Reddit online forum that recently sent shares of GameStop, AMC and other beleaguered companies soaring in a battle with hedge funds betting the shares would fall.aime Rogozinski, who started it up in 2012.
As the movement continues, the whole world has its eye on what WallStreetBets is up to next. Finance Magnates had the opportunity to sit down with Jaime Rogozinski, founder of the r/WallStreetBets subreddit, to discuss the WSB movement, the GameStop saga, and what’s next for WallStreetBets.
Founded WallStreetBets in 2012–a large online community which yields a commanding presence in the world of finance. It has been featured in Wall Street Journal’s MarketWatch as well as Bloomberg, CNBC, Money Magazine, Forbes, Vice, Business Insider and Fortune. A forum who has been credited with taking out hedge fund Melvin Capital, making global headlines. Author of the book wallstreet bets. Confessions of a Market Maker presents Jaime Rogozinski.
Last week a group of Redditors from the subreddit r/WallStreetBets took on Wall Street when they collectively bought shares of the struggling video game retailer GameStop. To better understand what has been happening over the last few weeks, and the implications on the future, I am joined by Bill Barhydt, Hester Peirce, Jaime Rogozinski, Max Keiser, Nathaniel Whittemore & Preston Pysh.
Jaime Rogozinski founded WallStreetBets to create a forum for young traders to share trading ideas, especially those of higher risk. Today, it is the largest subreddit on trading, and one of the most popular online communities for young traders.
In recent weeks, before the stock market plunged, a page on reddit called r/WallStreetBets suddenly started exhibiting enormous influence on a handful of stocks. The emergence of online chat rooms making huge wagers in the market calls to mind the message boards of the dotcom era. But this page is taking it to a new level. On this week’s episode, we’re joined by Bloomberg News reporter Luke Kawa, who has been covering the page, as well as the page’s founder, Jaime Rogozinski, who started it up in 2012.
Like 4chan found a Bloomberg terminal. That’s the motto on the subreddit r/WallStreetBets, where 1 million members share the most horrifyingly risky stock market strategies imaginable.
Jaime, a serial entrepreneur who resides in Mexico, is the man responsible for bringing WallStreetBets to life—the infamous and wildly popular subreddit, which proudly boasts the tagline, “Like 4Chan found a Bloomberg terminal.”