The stock market and likewise the more prominent monetary framework has put some distance between its central reason for existing. In the past the stock market was an instrument for companies to raise capital. Today the stock market is all about the big boys seeking opportunities to place bets and make money.
WallStreetBets: How Boomers Made the World’s Biggest Casino for Millennials, written by Jaime Rogozinski is all about the Millennial generation doing the same thing the big boys are doing, but doing it in the public eye instead of behind the mansion walls in the Hamptons.
Jaime Rogozinski searches through different components of how crazy financial specialists play Wall Street like a club. Its the reason why he created WallSteetBets on Reddit in 2012, a place where Millennials can document and talk about their bold bets in the stock market.
As I write this post, WallStreetBets has been banned on Discord and Reddit. Prior to being banned on Reddit, the user group grew from 2 million to 4 million. Something tells me this is just the beginning for WallSteetBets as this movement which started during the Great Recession is just beginning.