What Does WSB Mean in a Text?
The Quick Answer
WSB means "Wall Street Bets."More Observations...
WSB (or r/wallstreetbets) is a subreddit on the popular social news and discussion website, Reddit. On this subreddit (often shortened to sub), participants discuss stock and option trading. It has become notable for its aggressive trading strategies, profane language, and gambling nature. Founded in 2012 by Jaime Rogozinski, WSB is home to millions of users who gamble with the stock market. The users not only brag about their gains, but they also post losses for others to laugh at. Posts about loss are often referred to as "loss porn." In January 2021, WSB's popularity reached an all-time high due to its role in the GameStop short squeeze that caused losses on short positions in U.S. firms. This short squeeze was responsible for $70 billion worth of loss for many hedge funds. The subreddit is known for its profane and juvenile nature, with members often referring to themselves as "autists," "retards," and "degenerates." Wall Street Bets is famous for its colorful jargon and terms. Users frequently use slang such as:-
Retards: an anagram for traders
Stonks: stocks
Tendies: gains or profits
Gay Bears: those who expect a stock to decline, a stock shorter, or as a general insult
DD: analysis of potential trades (from due diligence)
Bagholder: someone whose position has severely dropped in value
Diamond Hands: someone who holds stocks adamantly
Paper Hands: someone who sells too early
Image for WSB
When I write WSB, I mean this:
WSB (WallStreetBets) is a subreddit related to the stock market bets.
Summary of Key Points
We have summarized the key points in the table below:WSB | |
---|---|
Definition: | Wall Street Bets |
Type: | Abbreviation |
Guessability: | 5: Extremely difficult to guess |
Typical Users: | Adults and Teenagers |
Examples of WSB in Sentences
Here are examples of WSB in conversations:- John: How much money did you lose on the GameStop stock?
- Gerry: I don't even want to think about it. I've unsubbed from WSB so I don't get sucked into stock market bets again.
- Fiona: WSB has gone private.
- Jo: They're probably being investigated again.
An Academic Look at WSB
As it is pronounced using its individual letters (i.e., "DoubleYoo Ess Bee"), WSB is classified as an initialism abbreviation. Initialisms are different to acronyms, which are spoken like words.Example of WSB Used in a Text
WSB
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