The Reddit forum is at the center of a war between Wall Street and an army of small investors over the store – and Jaime Rogozinski is still getting to grips with it
Jaime Rogozinski always knew WallStreetBets, the Reddit forum he founded, was part of something big – but even he wasn’t prepared for quite how big.
This week WallStreetBets was at the center of a full-scale war between Wall Street and an army of small investors over GameStop, an ailing video games chainstore, that has shaken financial markets, angered billionaire bankers and made unlikely allies of political enemies.
“I’m amazed how far it’s gone,” Rogozinski told the Guardian from his home in Mexico City. Conceived around the time that social media was propelling democratic movements worldwide, WallStreetBets has played an important, if now contentious, part in lowering barriers of entry to financial information.