WallStreetBets founder says GameStop stock market frenzy is like a “real-time train wreck”

The man who created WallStreetBets for Reddit is not who you think he is.

He is 39 years old. He lives in Mexico City with his wife, a doctor, and spends his weeks running after their 3-year-old twins and doing his daily work as a consultant – hardly the kind of character he could associate with the investment forum. roiling.

He never imagined that the Reddit community he created in 2012 would turn into such a powerful force that he would send GameStop Corp. GME,
+ 67.87%
acts in overdrive, almost overturns a hedge fund and leaves professional money managers across the country staring at Twitter with their mouths open.

“It’s a bit like watching one of those horror movies where you can see the bad guy slowly climbing the stairs,” said Jaime Rogozinski. “See this train wreck happening in real time.”

An extended version of this article appears on WSJ.com.

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