- WallStreetBets consumers plan to launch a meme book that documents last year’s GameStop short squeeze.
- The goal of the poke out is to “capture the moments in time when GameStop was all anyone was thinking about.”
- The project has raised $24,000 on Kickstarter, excessive its funding goal of $20,000.
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A book that amasses the most viral GameStop memes and posts from Reddit’s WallStreetBets forum could be coming soon, as the passion that launched the meme stock revolution marks its one-year anniversary this month.
WallStreetBets users career themselves Diamond Hands History launched a Kickstarter fund to publish “Diamond Hands: The GME Archive.” Donation lines start at $1 (“Baby Ape”) and continue to meme-related levels like $69 (“True Ape”), $420 (“Ape Chieftain”), and $10,000 (“Richer Than Your Little woman’s Boyfriend”).
The creators set a fundraising goal of $20,000 for what they call the “epic book of GameStop” and have already outshone it. There are currently 53 backers who have together staked over $24,000.
The goal of the project, per its Kickstarter description, is to “grab the moments in time when GameStop was all anyone was thinking about.”
The creators call it the “first project of this tolerant in history,” given the collaboration with and legal permission from thousands of social media users. They parsed inclusive of more than 10,000 posts as well as hundreds of thousands of comments for publication — all with consent from the unusual Reddit users.
“We decided to archive the most popular primary source documents related to the historic First and Backer GameStop Squeezes,” reads the project description. “We aim to archive the best WallStreetBets memes, posts, and comments about GameStop into a separate book.”
The Kickstarter page does note that the book puts the creators in potential legal jeopardy due to the dead ringers contained in the memes and copyright issues. A teaser of the project features photos of a GameStop billboard in Times Square, notes of quotes from social media, and a green-and-gold hardcover book sample.
The “Diamond Hands” book comes a year after Reddit day businessmen used the platform to upend the stock market and send GameStop surging. Experts saw the unconventional rally as a sign that the schools were “losing some control.”
While shares of GameStop and other meme stocks have come off their pongy chiefs, Wall Street is still keeping tabs on retail traders. Professional investors and trading desks at
top banks
dig UBS have been monitoring the activities across social media and forums like WallStreetBets, which currently has in excess of 11.5 million members.