who just got fed upwith the world, got fedup with being told go to college,get a job, make a living. you know,it is really frustrating. the boomers,they think we re lazy. you know the whole term, pull up your bootstrapsand work hard and you get the same lifethat they had? no. the world is very,very different these days. hell, the next pandemicin 2025 might wipe us all out anyways. i ain t got timeto wait for retirement. you got to will itinto existence. life s just not fair.the world is a harsh place and the stock market was justthe purest form of yolo. [music playing] reporter: stocks up againthis morning, 12%. short sellerscontinue to get hurt by the thread wallstreetbets and other retail [interposing voices] reporter: all this whiningby wall street, it s making me sick. reporter: this is populismcoming for capitalism. gamestop. matt kelly: on surface,i can be pretty scattered. in the water, though,it s calming for me, because you re seeing out ofa little hole, right, and
what s the story to you? - [sighs] i think the story is abouta group of idiots, a very large group of idiots, who just got fed upwith the world, got fedup with being told go to college,get a job, make a living. frankly,that s just not realistic for our generation. you know,it is really frustrating. the boomers,they think we re lazy. you know the whole term, pull up your bootstrapsand work hard and you get the same lifethat they had? no. the world is very,very different these days. hell, the next pandemicin 2025 might wipe us all out anyways. i ain t got timeto wait for retirement. you got to will itinto existence. life s just not fair.the world is a harsh place and the stock market was justthe purest form of yolo. [music playing] reporter: stocks up againthis morning, 12%. short sellerscontinue to get hurt by the thread wallstreetbets and other retail [interposing voices] reporter: all this whiningby wall street, it s making me sick. reporter: this is populismcoming for capi
which meansyou can only sell it. - if you can only sell stocks, then those stocksonly go down. matt kelly: i go to work.and i m standing there. i m givinga presentation, right? i m on a zoom meetingwith 100 people. and the price drops to about120 bucks a share. i m like in the middleof a word. and i look downand i see that and i just went i just freeze. i stopped.i m sick to my stomach. i don t knowwhat the fuck i m doing. like why? a million dollarsis a million dollars. like what is wrong with me? reporter:after surging yesterday, the stock dropped 44%. - then it immediatelypops back up. reporter: it hit an intradayhigh of $469. - but the next thing you know,it s tumbling down. you couldn t stop itfast enough. you re watching it and it s bylike the minute. you re like, oh, my dude. i was like, oh. reporter: the stock droppeda whopping 44%. - it was soincredibly stressful. reporter: janet yellen,treasury secretary.
and it went up to, like, $50. andi m like, oh, shit. i just made a bunchof money on that. and then it went down. and then i was, like, sick. i was like, i don t knowwhat the fuck i m doing. i m an idiot.and then it went back up. i m like, oh,i m a genius. - [roars] sir jackalot: everywhere elseon the internet, people are tryingto be their best self. but on wallstreetbets, we just acknowledge,like, we re just all idiots. [typing] stock expert:wallstreetbets came on our radar, and we first startedto talk about it with teslain the summer of 2020. wallstreetbets would makea meme or a joke
mikeymillions:the ape is the unsophisticated investor.you can go to wallstreetbets, tell them thatyou re going to buy shares of a dying company, and you willreceive accolades. kirsten:at this point, i really still had not a single amountof technical analysis or able to doanything like that in the stock market. but i knew, you know,buy low, sell high. my name is kirsten,and i am stonk queen. woman: so i m learningall these different things, and it s like, buy amc.buy blackberry. buy bed, bath, & beyond. and it s popping. matt kelly: a lot of theseguys are investing in neo, and that wasthe first stock i bought, and it went up to, like, $50. andi m like, oh, shit. i just made a bunchof money on that. and then it went down. and then i was, like, sick. i was like, i don t knowwhat the fuck i m doing. i m an idiot.and then it went back up. i m like, oh,i m a genius. - [roars] sir jackalot: everywhere elseon the internet, people are tryingto be their best self.