What is Superstonk?
Superstonk is a subreddit, or an online forum, on the social media platform Reddit, where users can discuss topics related to business and stocks, specifically GameStop (GME). The subreddit has over 890,000 subscribers as of April 2023, and is one of the most active and popular communities on Reddit.
Superstonk was created in March 2021, as a spin-off from another subreddit called WallStreetBets (WSB), which was the original hub for the GameStop phenomenon that started in late January 2021. WSB is a subreddit where users share their risky and speculative bets on the stock market, often using options and leverage to amplify their gains or losses. WSB gained worldwide attention when a group of retail investors on the subreddit coordinated to buy and hold shares of GameStop, a struggling video game retailer that was heavily shorted by institutional investors. This caused a massive short squeeze, where the price of GameStop skyrocketed from around $17 to over $300 in a matter of days, forcing the short sellers to cover their positions at a huge loss.
However, WSB also faced several issues, such as moderation controversies, censorship allegations, infiltration by bots and shills, and an influx of new and inexperienced users. Many of the original GameStop supporters felt that WSB had lost its focus and integrity, and decided to create a new subreddit dedicated to GameStop and its long-term value proposition. This subreddit was named Superstonk, after a term coined by Keith Gill, also known as Roaring Kitty or DeepFuckingValue (DFV), who is widely regarded as the leader and inspiration of the GameStop movement.
What does Superstonk do?
Superstonk is a place where users can share their opinions, analysis, research, and memes about GameStop and its stock. The subreddit has a strong emphasis on due diligence (DD), which refers to the process of investigating and evaluating a company’s fundamentals, financials, operations, strategy, and outlook. Many users on Superstonk believe that GameStop is undervalued by the market, and that it has a bright future as a tech company that is transforming the gaming industry. They also believe that GameStop is still heavily shorted by hedge funds and market makers, who are using various illegal and unethical tactics to manipulate the price and prevent it from reaching its true potential. Some of these tactics include naked shorting, synthetic shares, dark pool trading, high-frequency trading, media propaganda, and regulatory capture.
Superstonk users are often referred to as apes, which is a term of endearment and solidarity among the community. Apes are known for their loyalty, conviction, patience, and humor. They often use phrases like “I like the stock”, “diamond hands”, “to the moon”, and “apes together strong” to express their sentiments. Apes also have a common goal: to trigger the mother of all short squeezes (MOASS), which is a hypothetical scenario where the price of GameStop explodes to astronomical levels due to the massive buying pressure from retail investors and the forced covering from short sellers. Some apes have even speculated that the price could reach millions of dollars per share.
To achieve this goal, apes have adopted various strategies, such as buying and holding shares of GameStop, direct registering their shares with Computershare (a transfer agent that acts as an intermediary between shareholders and companies), educating themselves and others about the stock market and its corruption, contacting lawmakers and regulators to demand action and accountability, donating to charities and causes that support financial literacy and social justice, and creating content that showcases their creativity and passion for GameStop.
Why is Superstonk important?
Superstonk is more than just a subreddit about a stock. It is also a social movement that challenges the status quo of the financial system and its power dynamics. Superstonk represents a collective voice of retail investors who are fed up with the unfairness and inequality of the market, where the rich get richer and the poor get poorer. Superstonk exposes the flaws and frauds of Wall Street and its allies, who have been exploiting and manipulating the market for their own benefit at the expense of ordinary people. Superstonk demands justice and reform for the market and its participants, who deserve transparency, accountability, integrity, and democracy.
Superstonk also embodies a spirit of optimism and innovation that inspires people to pursue their dreams and passions. Superstonk celebrates GameStop as a company that is reinventing itself and revolutionizing the gaming industry with its visionary leadership, customer-centric approach, digital transformation, e-commerce expansion, blockchain integration, NFT development, esports involvement, social gaming platform, and more. Superstonk supports GameStop as a company that is creating value and opportunities for its shareholders, employees, customers, partners, and communities.
Superstonk is a phenomenon that has captured the attention and imagination of millions of people around the world. It is a story that transcends the boundaries of finance, culture, politics, and entertainment. It is a story that showcases the power and potential of human collaboration, creativity, and courage. It is a story that is still unfolding, and one that you can be a part of.
Conclusion
Superstonk is a subreddit on Reddit that is dedicated to GameStop and its stock. It was created in March 2021 as a spin-off from WallStreetBets, which was the original hub for the GameStop phenomenon that started in late January 2021. Superstonk is a place where users can share their opinions, analysis, research, and memes about GameStop and its stock. Superstonk users, or apes, believe that GameStop is undervalued by the market and still heavily shorted by hedge funds and market makers. They have a common goal of triggering the mother of all short squeezes (MOASS), where the price of GameStop explodes to astronomical levels. To achieve this goal, apes have adopted various strategies, such as buying and holding shares of GameStop, direct registering their shares with Computershare, educating themselves and others about the stock market and its corruption, contacting lawmakers and regulators to demand action and accountability, donating to charities and causes that support financial literacy and social justice, and creating content that showcases their creativity and passion for GameStop. Superstonk is more than just a subreddit about a stock. It is also a social movement that challenges the status quo of the financial system and its power dynamics. Superstonk represents a collective voice of retail investors who are fed up with the unfairness and inequality of the market. Superstonk exposes the flaws and frauds of Wall Street and its allies. Superstonk demands justice and reform for the market and its participants. Superstonk also embodies a spirit of optimism and innovation that inspires people to pursue their dreams and passions. Superstonk celebrates GameStop as a company that is reinventing itself and revolutionizing the gaming industry with its visionary leadership, customer-centric approach, digital transformation, e-commerce expansion, blockchain integration, NFT development, esports involvement, social gaming platform, and more. Superstonk supports GameStop as a company that is creating value and opportunities for its shareholders, employees, customers, partners, and communities. Superstonk is a phenomenon that has captured the attention and imagination of millions of people around the world. It is a story that transcends the boundaries of finance, culture, politics, and entertainment. It is a story that showcases the power and potential of human collaboration, creativity, and courage. It is a story that is still unfolding, and one that you can be a part of.
