Every now and then, a news story comes along that just puts a smile on my face for all the right reasons. Granted, a lot of those news stories involve comic books and sex robots, but certain news transcends my preferences. They’re just too inherently awesome and cathartic to ignore.
This recent story surrounding a sub-reddit beating a multi-billion dollar hedge fund on Wall Street is definitely one of them. In the process, it suddenly turned Gamestop, a store I haven’t been in for three years, into the hottest stock on the market.
It’s the kind of story that would make a ridiculous movie. It’s not “The Big Short.” Hell, reads like a “Robot Chicken” sketch, plus or minus a few poop jokes. Except, this actually happened in the real world.
For those who haven’t been following this story, here’s a colorful breakdown by Esquire.
Esquire: How WallStreetBets Redditors Used Their Collective Power to Manipulate the Stock Market
News about the stock market rarely crosses over into the cultural mainstream, and historically when that’s happened, it’s meant some catastrophic financial event has taken place. (See: The housing and stock market crashes of 2008.)
But the stock market was the single biggest news story Wednesday, financial or otherwise, due to a group of Reddit shitlords pumping up a collection of stocks and pushing some billion-dollar financial institutions to the brink of bankruptcy.
Hedge fund Melvin Capital needed a $2.75 billion bailout on Monday after the stock price for GameStop, the video game retailer, spiked to more than $70 a share over the weekend. Just a month earlier, the stock was hovering near $15. Melvin was shorting the stock, hence the need for a bailout. Reports of Melvin Capital’s financial struggles sent GameStop’s share price soaring even higher, though, to more than $100 a share on Monday, putting the hedge fund in an even more precarious financial decision. As of this writing, the stock was trading for $330 per share—77 times higher than its share price of $4.28 a year ago.
The GameStop stock rally is the handiwork of r/WallStreetBets, a Reddit community where people share news, memes and personal anecdotes about playing the stock market.
Let’s all take a moment to shed a fake tear for a hedge fund that sought to make money by hoping a company would die. Let’s also take a moment to contain our rage that those assholes still got a multi-billion dollar bailout with little to no debate, but I digress.
That article gave us the basics. In short, a bunch of people on Reddit decided to exploit the short positions that a bunch of hedge funds had on Gamestop and make a ton of money on the side. It’s the kind of gimmicky stock trading tactics that you’d see in “The Wolf of Wall Street,” minus the strippers and ludes. The only difference is this didn’t break any laws and only fucked over hedge funds.
If you need a more thorough breakdown of just how those hedge funds were fucked over, here’s a video by the YouTube channel TLDR News. They break it down beautifully. I must warn you, though. If you get excited by seeing hedge funds get screwed over by a bunch of Reddit trolls, you might not be able to contain yourself.
Now, why do I love this story so much?
Why am I making such a big deal of it?
Why is this even news on such a large scale?
The answer is fairly simple. It’s not just that I love Reddit and have been an active user for years. This kind of thing just doesn’t happen that often. A bunch of normal, everyday people on Reddit getting the best of a Wall Street hedge fund? It just doesn’t seem possible.
Even if you’re a die hard capitalist or an dogmatic liberation, you can’t be too fond of hedge funds. In addition to being fertile grounds for fraudsters, con-men, and Gordan Gecko wannabes, they have just one goal. They seek to make rich people even richer. How they go about that varies, but they’re not above lying, cheating, and effectively gaming every capitalist system to their advantage.
They’re basically villains for both capitalists, socialists, and communists alike. They’ll screw over anyone, be they individuals or companies, so long as they can turn a profit. They don’t make anything. They don’t create or develop products that they sell to willing consumers. They mostly dick around with math, balance sheets, and stock prices to make money. That’s it.
I’m not a fan, to say the least. Watching them lose is like watching Lex Luthor get beat up by a five-year-old girl. You don’t think it’s possible, but it’s a glorious sight when you see it.
Honestly, this is the kind of story we need right now. A bunch of nobodies on the internet find a way to screw over a hedge fund whose business model involves screwing over struggling companies. What’s not to love? That’s a superhero narrative wrapped in true capitalism wrapped in American ingenuity. Ron Swanson himself would be proud.
There’s a lot more I could say about this. Since the story is still unfolding on many fronts, I’ll hold off. I’ll just say that if r/WallStreetBets does nothing more than screw over a hedge fund trying to profit from Gamestop’s demise, they’ll still have done a great good for this world.






















Tales From The Comments Section: When Hypocrisy, Lying, And Trolling Converge
Even the most luxurious palace has a septic system that contains its foulest shit. It’s not just a fact of life. It might as well be a law of physics. In the same way the brightest light still casts a shadow, there’s always a dark underbelly to any world we explore.
The internet is no exception. If anything, the internet has more dark underbellies than most and I’m not just referring to porn sites or nefarious Google searches. Those are all plenty disturbing, but if the internet has an overflowing septic tank, it’s the collective comments section of many sites.
They’re not just the comments section to certain news sites.
They’re not just anonymous image boards like 4chan that pride themselves on excess shit-posting.
Even the comments section of mainstream websites like YouTube, Facebook, and Reddit have comments sections that will give your faith in humanity a hefty gut punch. They come in many forms, but they tend to follow the same patterns.
They’re degrading, insulting, whiny, vulgar, immature, and just plain wrong on multiple levels. I’m not calling for them to be censored or banned, outside the kind of comments that incite violence in the real world. I’m just pointing out that this is the ugly side of the internet and we can’t deny its stench.
I say that as someone who has spent many hours, much of them wasted, in comments sections and message boards over the years. Even during the early days of the internet, complete with dial up and AOL keyword searches, I’ve seen this ugliness firsthand. I also don’t deny that there are times when I’ve contributed to it. That’s something I genuinely regret.
While all toxic comments are different, they often employ similar rhetoric. It really hasn’t changed much from the AOL days. Just the other day, I made the mistake of browsing the comments of a YouTube video. I saw the same whiny, angry ranting that I saw on old message boards in 1999.
The topics may change. The verbiage may differ. Even the arguments made, if there are any, tend to be fairly similar. I could single out plenty of ugly comments I’ve encountered. However, I want to highlight one that I’ve seen a lot more of lately, especially among fans of superhero comics, Star Wars, and Star Trek.
They usually go like this.
It’s a sweeping, generalized statement. It’s usually said out of a mix of hate, resentment, and tribalism. Ironically, it’s often Star Wars fans who say stuff like this when talking about characters like Rey. It’s ironic because Obi-Wan Kanobi himself once said, “only a Sith deals in absolutes.”
It doesn’t help that these kinds of absolutes are total bullshit encased in wishful thinking that’s built entirely around head-canon. Certain fans want to believe that everyone agrees with them and those who don’t aren’t “true” fans.
It’s basically the old “no true Scotsman” fallacy, but this one is laced with a mix of lies and hypocrisy. That’s because it’s demonstrably provable that these kinds of sweeping statements are wrong.
Not everyone hates Rey, Captain Marvel, or whoever else is the object of resentment at the moment. For one, Captain Marvel’s movie raked in $1 billion at the box office. Clearly, more than a few people liked her.
The same can be said for Rey. You can go onto Amazon and readily find merchandise featuring her. She may not be on the same level as Luke Skywalker, but that’s not a reasonable bar for a character who has only recently entered the franchise.
I can also attest that Rey has plenty of fans. It’s not just that I’m one of them. I’ve been to comic book conventions. I’ve seen women, young girls, and even a few men dress up as Rey. I’ve seen even more dress up as Captain Marvel. She clearly has plenty of fans.
That makes the whole idea that “nobody likes this character” or “everyone hates this character” demonstrably false. Those who say it aren’t just lying trolls. They’re hypocrites.
Now, I’ve made the mistake of arguing with these people before. I can safely conclude that it’s not a productive use of my time. These people will never be dissuaded. They still want to live in their head-canon where everyone hates exactly who they hate and anyone who thinks otherwise is just part of an evil conspiracy out to get them.
It’s a dangerous, toxic mentality that extends beyond fandoms and into politics. We saw just how bad it could get on January 6th during the Capitol riots. I’m not saying angry Star Wars fans are that bad, but the mentality is the same and it’s just as dangerous.
Again, I freely admit I’ve posted my share of dumb comments. I’ve said dumb things before, as well. Everyone has. We’re only human. We’re not perfect and never will be. I believe in free speech strongly and I understand that this is a byproduct of that. I’m willing to accept that.
I’m also willing to use that same freedom to point out the idiocy and hypocrisy of those kinds of comments. They’re not just a useless waste of bandwidth. They’re a symptom of a much larger problem. For now, the best thing to do is ignore these people and let them live in their fanciful head-canon. It may not fix the problem, but it’ll keep it from getting worse.
Leave a comment
Filed under Current Events, psychology, rants, Star Wars, superhero comics, superhero movies, television
Tagged as 4chan, angry trolls, Brie Larson, Captain Marvel, comic books, comments, Gina Carano, human nature, human psychology, hypocrisy, internet, internet subculture, Pop Culture, popular culture, psychology, rants, Reddit, Rey, Star Trek, Star Wars, superhero comics, trolls, YouTube, YouTube Comments, YouTube Comments Section