<story><title>WallStreetBets vs WallStreet: It&apos;s not about the money anymore</title><url>https://thinkingthrough.substack.com/p/rwallstreetbets-vs-wallstreet-its</url></story><parent_chain><item><author>willis936</author><text>I have seen very little evidence of people investing money in the stock market that is not budgeted as “gambling” (ie disposable income).  WSB embraces the idea that memetrading is gambling.  This is not a surprise to anyone but a few outsiders.</text></item><item><author>ghaff</author><text>So they&amp;#x27;re going to show Wall Street who&amp;#x27;s boss by gambling away their grocery money? (Some will make out but I suspect the vast majority will lose big--money at least some can&amp;#x27;t really afford to lose.) I have trouble conjuring up a lot of sympathy but that&amp;#x27;s almost certainly uncharitable as I&amp;#x27;m sure there will be stories of serious individual loss.</text></item><item><author>Beefin</author><text>People have had enough, it&amp;#x27;s not just WSB anymore. The community of retail investors in GME is far beyond WSB. It&amp;#x27;s people that are frustrated with the 1% getting bailed out time and time again and them not seeing a dime at their tax dollar expense.</text></item></parent_chain><comment><author>TameAntelope</author><text>Then you have not been paying attention to WSB for very long.  It&amp;#x27;s full of degenerate gamblers, so many loss porn posts come from people saying, &amp;quot;How will I pay my rent this month?&amp;quot;&lt;p&gt;Most of the time, WSB is a community to commiserate about losses and lie about gains.</text></comment>
<story><title>WallStreetBets vs WallStreet: It&apos;s not about the money anymore</title><url>https://thinkingthrough.substack.com/p/rwallstreetbets-vs-wallstreet-its</url></story><parent_chain><item><author>willis936</author><text>I have seen very little evidence of people investing money in the stock market that is not budgeted as “gambling” (ie disposable income).  WSB embraces the idea that memetrading is gambling.  This is not a surprise to anyone but a few outsiders.</text></item><item><author>ghaff</author><text>So they&amp;#x27;re going to show Wall Street who&amp;#x27;s boss by gambling away their grocery money? (Some will make out but I suspect the vast majority will lose big--money at least some can&amp;#x27;t really afford to lose.) I have trouble conjuring up a lot of sympathy but that&amp;#x27;s almost certainly uncharitable as I&amp;#x27;m sure there will be stories of serious individual loss.</text></item><item><author>Beefin</author><text>People have had enough, it&amp;#x27;s not just WSB anymore. The community of retail investors in GME is far beyond WSB. It&amp;#x27;s people that are frustrated with the 1% getting bailed out time and time again and them not seeing a dime at their tax dollar expense.</text></item></parent_chain><comment><author>afavour</author><text>But it kind of goes against the story that this is “the people” against Wall Street. “The people”, by and large, do not have a ton of spare gambling money sitting around. “Upper middle class folks with spare disposable income vs Wall Street” isn’t quite as persuasive a hook, though.</text></comment>