GameStop, a video game retailer, has been the center of a financial and social phenomenon since early 2021. A group of individual investors, mostly from Reddit, decided to buy and hold GameStop shares ($GME) to challenge the hedge funds that were betting against the company. This resulted in a massive surge in the stock price, reaching a peak of $483 in January. Since then, the GameStop saga has continued, with many twists and turns, controversies and conspiracies, and a loyal fan base that refuses to give up. One of the main online platforms where this fan base gathers is r/Superstonk, a subreddit dedicated to GameStop and its supporters. In this article, we will take a deep dive into the r/Superstonk community, its culture, its discussions, and its impact on the GameStop movement.
What is r/Superstonk?
r/Superstonk is a subreddit that was created in March 2021, as a spin-off from the original r/WallStreetBets, where the GameStop frenzy started. The reason for the split was that r/WallStreetBets became too crowded and chaotic, with many posts and comments that were not related to GameStop, or that were spreading misinformation, trolling, or shilling for other stocks. r/Superstonk was meant to be a more focused and moderated space for GameStop enthusiasts, who call themselves apes, to share their research, analysis, opinions, memes, and encouragement. The name ‘Superstonk’, a clever amalgamation of “super” and “stonk” (a slang term for “stock”), reflects the enthusiasm and determination of its members.
r/Superstonk is not affiliated with GameStop or any other company, and it does not provide any financial advice or endorsement. It is a community-driven platform, where anyone can join and contribute, as long as they follow the rules and guidelines of the subreddit. As of November 2021, r/Superstonk has over 920,000 subscribers, making it one of the most popular and active subreddits on Reddit.
Some of the top posts from r/Superstonk include:
- A Deep Dive into nft.gamestop.com, where a user analyzes the potential of GameStop’s involvement in the non-fungible token (NFT) market.
- Deep Dive into GameStops Shipping Manifests from Asia, where a user investigates the possible products that GameStop is importing from China, such as augmented reality (AR) glasses.
- The Mother of All DDs, where a user summarizes the main arguments and evidence for why GameStop is undervalued and why the hedge funds are in trouble.
Community Discussion on $GME
One of the main purposes of r/Superstonk is to provide a platform for the community to discuss the latest developments and trends related to GameStop and its stock. The discussions take place in various formats, such as posts, comments, live chats, polls, and surveys. The topics range from technical analysis, fundamental analysis, market data, news, rumors, speculation, theories, strategies, and more. The tone of the discussions is usually optimistic, supportive, humorous, and sometimes sarcastic or defiant.
One of the common themes in the discussions is the belief that GameStop is undervalued and that the hedge funds are manipulating the market to keep the price down. Many users also believe that there is a massive discrepancy between the number of shares that exist and the number of shares that are traded, which could lead to a “short squeeze” or a “gamma squeeze”, where the price would skyrocket due to high demand and low supply. This is often referred to as the “mother of all short squeezes” (MOASS) or the “infinity squeeze”. Many users also express their conviction to hold their shares until the squeeze happens, using phrases such as “diamond hands”, “apes together strong”, and “to the moon”.
Another theme in the discussions is the comparison of r/Superstonk to a qanon-esque community, where users share and follow various clues, codes, hints, and patterns that they believe are related to GameStop and its future. Some of these include:
- The Ryan Cohen tweets, where the GameStop chairman and co-founder of Chewy posts cryptic messages or images that are interpreted as signals or teasers by the users.
- The loopring partnership, where a blockchain company that specializes in decentralized exchanges (DEX) is rumored to be working with GameStop on its NFT platform.
- The GMEdd.com website, where a user posts detailed and well-researched articles about GameStop and its fundamentals, often revealing new information or insights.
Many users also share their personal experiences with GameStop, such as their reasons for investing, their stories of buying or holding the stock, their financial goals or challenges, their emotional ups and downs, and their gratitude or appreciation for the community. Some users also share their charitable donations or acts of kindness, inspired by their involvement with GameStop and r/Superstonk.
Related Searches on Superstonk
r/Superstonk is not the only online source of information or discussion about GameStop and its stock. There are many other websites, social media platforms, blogs, podcasts, videos, and more that cover the topic from different perspectives and angles. Some of the related searches on Superstonk include:
- Superstonk news, where users can find the latest news articles, reports, interviews, and announcements about GameStop and its industry, such as [Exploring r/superstonk: The Power of the Superstonk Reddit Community], [GameStop Q3 2021 Earnings Call Transcript], and [GameStop Announces NFT Marketplace Powered by Ethereum].
- Superstonk Twitter, where users can follow the tweets and interactions of various influencers, celebrities, analysts, journalists, and personalities who are involved or interested in GameStop and its stock, such as [Ryan Cohen], [Keith Gill], [Chamath Palihapitiya], and [Jim Cramer].
- Delusions surrounding Superstonk, where users can encounter the criticisms, doubts, accusations, and attacks that are directed at GameStop and its supporters, often by the mainstream media, the hedge funds, the regulators, or the skeptics, such as [GameStop: The Endgame], [The GameStop Bubble Has Popped. What’s Next?], and [The GameStop Saga Is a Dangerous Delusion for Investors].
- DRS and its involvement with Superstonk, where users can learn about the direct registration system (DRS), a method of transferring and holding shares directly with the issuer, without the involvement of brokers or intermediaries. Many users believe that DRS is a way to protect their shares from manipulation, fraud, or theft, and to increase the chances of a squeeze, such as [What is DRS?], [Why DRS Matters], and [How to DRS Your Shares].
r/Superstonk is a vibrant and passionate online community that is dedicated to GameStop and its stock. It is a place where users can find and share information, analysis, opinions, memes, and support, as well as participate in various discussions and activities. r/Superstonk is also a reflection of the GameStop phenomenon, which has challenged the status quo of the financial system, the power of the hedge funds, and the role of the individual investors. Whether GameStop will succeed or fail, r/Superstonk will remain as a testament to the power and potential of the internet, the social media, and the people.