Free Republic

Move over GameStop and dogecoin, the investing world has a new meme: Nancy Pelosi, the Speaker of the United States House of Representatives, and star stock-picker. Pelosi has become a regular feature on the biggest financial meme pages such as Litquidity and Parik Patel. And investing TikTok accounts are getting tens of thousands of views on clips about Pelosi's moves in the market. But why?A fateful Alphabet bet Central to the story of how Pelosi became the biggest meme on Wall Street is US legislation that forces lawmakers to disclose their and their family's trading activity. It means the general...

Discord has banned the r/WallStreetBets server, the company confirmed to The Verge. Reddit’s WallStreetBets subreddit is the driver of an unprecedented rally of GameStop stock, and has received a great deal of attention in the press as the stock continues to soar. Discord says it did not ban the server for financial fraud — rather, it was banned because it continued to allow “hateful and discriminatory content after repeated warnings.” The Verge gained access to the server and can confirm the claim that users of the channel were spamming hateful language, including racial slurs. Here is Discord’s full statement: The...

I don't know how many of you are invested in Stocks or follow the news on Wall Street on a daily basis, but consider this....Gamestop the retailer who bought/sold/traded Computer Games was selling at less that $20/share two weeks ago...today in trading the stock was selling or over $350/share....what happened was a group of Major Wall Street Hedge Funds shorted the stock and forced it down hoping to make billions, at the same time a big group of individuals on Reddit noticed what was happening and proceeded to lead a campaign to buy the stock forcing it up to unprecedented...