Forex & Finance

Jaime Rogozinski (Founder of WallStreetBet), Biography, Early Life & Networth

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His authority Wikipedia has not been made at this point. In any case, there are locales on the web that has covered his profile. Proceeding onward Jaime Rogozinski was born in the United States, which makes him an American identity through his inheritance

Jaime Rogozinski is the founder of popular subreddit r/wallstreetbets, a sub which the book is largely based.

Over the years he has been a witness to some of the most outlandish shenanigans imaginable done by fearless traders at the expense of their bank accounts.

Jaime Rogozinski (Founder of WallStreetBet), Biography, Early Life & Education

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Jaime Rogozinski was born in the United States and currently resides in Mexico City, Mexico. He attended the University of Illinois at Urbana Champaign and has a degree in Economics.

On January 31, 2012, he founded the subreddit r/WallStreetbets, r/WallStreetbets, which has gone onto accumulate over 7.1 Million subscribers and cause a stir in the finance world

WallStreetBets organizer, Jaime Rogozinski has procured a gigantic measure of pay from his remarkable profession as a money manager, creator and is the originator of The WallStreet Bets.

NameJaime Rogozinski
BornOctober 19, 1981
OCCUPATION(S)Author Reddit Mod
EDUCATIONUniversity of Illinois at Urbana-Champaign
ORIGIN(S)United States Mexico

Moreover, he is the co-proprietor and CEO of Proventus Consulting and recently served at the National Services Group, Bask Technology, and Banco Interamericano de Desarrollo in top positions.

Similarly; his book, WallStreetBets: How Boomers Made the World’s Biggest Casino for Millennials. which was delivered on 30 January 2020 which sold well in the market.

What is WallStreetBet

r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and options trading.

It has become notable for its profane nature, aggressive trading strategies, and role in the GameStop short squeeze that caused losses on short positions in U.S. firms topping US$70 billion in a few days in early 2021.

Type of siteSubreddit
Available inEnglish
FoundedJanuary 31, 2012; 9 years ago
Country of originUnited States
Founder(s)Jaime Rogozinski
Users7.1 million (January 2021)
Current statusActive

WallStreetBets is a subreddit where individuals going to the stages and talk about numerous alternatives and stock exchange.

The discussion has been perceived for its tendency and claims of clients controlling protections.

The record is as yet dynamic on Reddit and starting at 2021, the discussion has over 4.6 million clients. The individuals from the gathering are known as ruffians and autists.

The Mysterious Power of WallStreetBet

On January 22, 2021, users of r/WallStreetBets initiated a short squeeze on GameStop, pushing their stock prices up significantly. This occurred shortly after a comment from Citron Research predicting the value of the stock would decrease.

The stock price increased more than 600% by January 26, and its high volatility caused trading to be halted multiple times.

On January 24, a moderator of r/WallStreetBets wrote a post stating: “There is NO organized effort by those [of] us who moderate this community to promote, advise or recommend any stock.

It is against our policy to do so and we feel it is crucial to allow members to be able to share their ideas amongst each other with autonomy.”

After the GameStop stock closed up 92.7% on Tuesday, January 26, business magnate Elon Musk tweeted out a link to the r/WallStreetBets subreddit.

On January 27, r/WallStreetBets users triggered a short squeeze on AMC, a company in a similar position to GameStop.

On January 27, the official WallStreetBets Discord server was banned for “hateful and discriminatory content”. Discord denied that the ban was related to the ongoing GameStop short squeeze.

In an official statement posted to the r/WallStreetBets subreddit, moderators claimed that their efforts to automatically delete content that violated rules had been overwhelmed by the sheer influx of users, and criticized Discord for not providing the tools needed to take action to curtail hate speech on the server.

Subsequently, the WallStreetBets Discord server has been brought back online, and staff from Discord have been reported assisting with moderation.

r/WallStreetBets was switched to private by the moderators at around 7:00 p.m. EST on January 27, before being made public again around an hour later.

Within one week of the GameStop short squeeze, the subreddit had gained over 2.4 million new subscribers, whereas previously, it took 9 years for the sub to reach 2.2 million.

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About author
Johnmiracle Ejikeme is a 7 Figure digital network marketer, crypto enthusiast, and a trader. A humble fellow that fancy investing and technology.
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