[music playing] matt kelly:it was a tuesday. and i m just watchingthe price, and it s kind of justslowly trickling downwards. i m holding, but i m startingto feel nervous. i m starting to feelthis anxiety. i m reading wallstreetbetsreligiously. i m seeingall of these posts about, like, it s going to crash,you know, all of these things. and so it s gettingin my head. the psychology is really fucking with me. that s wherewallstreetbets is at. so the sentiment has changed. now there s 8 millionpeople on there, and all this shit s happening.and i m like, all right,is that the sentiment now? is our people just thinkingthat this is done? it s over? i felt like i fell into a
man: they have so muchinfluence over the laws, the regulationsthat they impose upon us. protestor:we re giving billions, and almost a trillionto wall street, just for bailouts.something needs to change. mike haupt: the rich haveinsulated themselves from the consequencesof the economic system that they ve helpedproduce. - there s no excusefor thinking there s somethingfree in life. you ve got to go outand earn it, and that s whatamerica has always been. reporter: markets just openedand the gamestop surge appears to be over,with the stock now down 60%, well, as ofyesterday. but it is morethan just numbers. it is people s lives,their savings, their 401(k)s. matt kelly: it drops to about100 bucks on tuesday evening. oh, jesus. i start to get sickto my stomach and i start to kind of panic.i m having a panic attack.
it s like, i m sorry. you already have a certainamount. you can t buy more. and all of asudden you see a doom. and i m just like,what the fuck? - we re seeing reportsthat robinhood is restricting purchasesof some of these stocks, including gamestop andamc. chris garcia:i wake up that morning, right? one of my buddies hits me up,and he goes, hey, man. you can t buy.i m like, what do you meanyou can t buy? he goes, go on to robinhood. - kelly, robinhoodstopped trading. robinhood stopped trading.you need to sell. you need to take profits. reporter:robinhood and other online brokerages blocked usersfrom buying shares of gamestop and other shortedstocks. - that morning, i woke up tolike minus $10,000 or $15,000. and i was like, yeah, this isthe toughest hit i ve ever had. reporter: these sitessuddenly allowed users only to sell their positions,not to get new ones. reporter:robinhood put out a statement, quote, in lightof recent volatility, we are restrictingtransactions for certain securit
it s not just aboutthe money anymore. it s about therevolutionary part of it, the sticking it to the mantype of idea, right? this is about thetime when wall street starts postingall these billboards up in fucking new york,like gme go brrr, things like this. and i am diamond-handingthe fuck out of this. that s my mentality. [music playing] the writing was on the wallthat the rich and powerful will do whatever they couldto prevent this from happening.i m not taking less than $450. kirsten:so i wasn t taking any losses. i was going to hold any stockfor as long as i could. chris garcia:we re not going anywhere, you know what i m saying?we re not going. matt kelly:7, 8 million more people were joining the subreddit. psychologically,i m jacked to the tits. chris garcia:millions of people in that thread, man,we were diamond hands.
do you haveinvestment accounts you don t understand or pay attention to becauseyour meaningless desk job is all the excitementyou need? or are you atrader? [interposing voices] matt kelly:i loved the sentiment of wallstreetbets.i loved it. i was like,these guys are fucking nuts. [music playing] man: in a small,exceptionally unhelpful, and irreverent cornerof the internet, therein lies a battalionof nihilistic meme lords who discuss their positionsand strategies, speculate and argueover the markets moving, and provide sage advice to the humble stock trader who just so happens to stumbleupon this fine community. (singing) wallstreetbets. - hello.i am the sir jackalot. i m here wearing a maskbecause i m a millionaire, and i would like to stayanonymous. matt kelly:i started telling my friends,