/r/WallStreetBets is trying something unprecedented in history — and the media’s not reporting on it at all.

Eliezer Yudkowsky
16 min readJan 28, 2021

(No, this isn’t a clickbait title. The unprecedented part is technically interesting and legit can’t be compressed into a headline.)

First, some background. If you’ve been following mainstream media coverage of /r/WallStreetBets and the wildly swinging Gamestop stock, you may not be aware that /r/WallStreetBets has a Plan at all beyond “Let’s all buy the stock to pump it up, making all of us rich.”

But /r/WallStreetBets has a Plan — a Plan which doesn’t rely on there being a greater fool to buy at a higher price. I was quite surprised, when I first looked into the affair yesterday — surprised enough that I ended up writing this article despite having no specialist expertise or credentials. No, I’m not buying or selling Gamestop, and I won’t be recommending that you do so. I’m writing this because a certain feature of the affair is one I find interesting. On my home planet it would be front-page news, but the media here has other priorities; it hasn’t reported at all the interesting part, anywhere that I’ve read.

So what’s this Plan about? Roughly, it’s to engineer a short squeeze on Gamestop, but with a historically unprecedented twist. No, I can’t just tell you the twist right this minute and stop wasting your time. It legitimately takes some background to explain, unless you’re starting out understanding more than I did. In principle, one could deduce it just from having heard…

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Eliezer Yudkowsky
Eliezer Yudkowsky

Written by Eliezer Yudkowsky

Writing about things of no ultimate importance. If it was important it'd be on intelligence.org or lesswrong.com.

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