Hacker News new | ask | show | jobs
by acwan93 2180 days ago
Serious question: does anyone know when/why that subreddit became what is is today? I used to follow it in the early 2010s and it actually provided some reasonable insights.
3 comments

I can tell you for sure that Robinhood hasn't contributed positively the quality of content.
I have to beg to differ. The Robinhood "infinite money cheat code" was WSB's finest hour.
What was that, for those of us out of the loop?
I don't remember (and maybe never read) the exact details, but as I recall it wasn't so much "infinite money" as "infinite leverage". You could somehow buy assets leveraged, then make the system "forget" that those assets were already leveraged, so it lets you leverage them again to buy something else.
“It literally can’t go tits up”
Idk, it's basically been the same thing for as long as I've been following it, and I started around 2017. The only thing that's really changed is the number of subscribers has exploded.

Here's the front page of WSB from 2016: https://web.archive.org/web/20160706011305/reddit.com/r/wall...

If I had to guess, Robingood and the burst of the cryptocurrency bubble