This Week in Startups

WallStreetBets founder on why he's suing Reddit; Andrew Hart of Hyper; and Ok Boomer | E1685

6 snips
Feb 24, 2023
Jaime Rogozinski, the founder of WallStreetBets, discusses his ongoing lawsuit against Reddit over ownership of the community name, showcasing the unique influence of grassroots movements on market dynamics. Andrew Hart, CEO of Hyper, dives into the exciting world of augmented reality and its potential to revolutionize retail navigation. Lastly, content creator Humphrey Yang shares his journey from YouTube struggles to TikTok success, revealing valuable insights into personal finance content and growing an online presence.
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ANECDOTE

WSB Origin Story

  • Jamie Rogozinski founded WallStreetBets (WSB) in 2012 after the financial crisis.
  • He aimed to treat Wall Street like a casino, embracing high-risk, high-reward trading.
INSIGHT

WSB's Impact

  • WSB's milestones include exploiting market inefficiencies for profit, not just GameStop.
  • The community uses arbitrage, identifying and exploiting market mispricings.
ANECDOTE

WSB: Casino Mentality

  • WSB members view trading like a casino or Vegas, blending entertainment with profit-seeking.
  • Some are highly skilled strategists, while others follow the crowd.
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