WallStreetsBets Donations Send Gorilla Conservation to the Moon – tech2.org

WallStreetsBets Donations Send Gorilla Conservation to the Moon


#ApesTogetherStrong

#ApesTogetherStrong
Photo: Jorge Guerrero (fake images)

the WallStreetBets subreddit has helped drive $ 383, 000 in donations to a gorilla conservation organization this week. The previous sentence it would have been barely intelligible even just the last DecemberAnd yet here we are.

To quickly abstractIn January, the folks on the r / WallStreetBets subreddit captured headlines for buying shares in GameStop stock, as well as other firms often known as AMC Theaters. Several hedge funds had shorted GameStop, betting on its share price. sinking, which, perversely, would allow them to earn money. The rise of Redditors buying Gamestop and others who wanted to participate in the investment frenzy However, it caused stock prices to skyrocket, ruining hedge funds and shorting the company while allowing Redditors and individual investors get very rich. (Some every day the people too he was very screwed.)

The folks at WallStreetBets have referred to themselves as “apes”, it’s kind of inside joke based on Harambe’s memeification, the gorilla who was shot and killed in 2016 at the Cincinnati Zoo after a child fell into its enclosure. Always with whom to compromise a little, they have been donating to efforts to save other apes.

Many have been donating to the Dian Fossey Gorilla Fund, an international charity dedicated to funding conservation, protection, and study of gorillas in Africa. The organization usually receives 20 donations on an average weekend of people seeking to symbolically adopt gorillas, but since last Saturday, he said is received thousands of adoption donations totaling more than $ 383,000. Many of the adoptions were made under fake names created to cast a shadow over hedge fund managers: A thread in the subreddit called “This MFer is probably richer than me at the moment” shows certificates made to “Jim Cramer’s Tears ”and“ Fuck Melvin Capital ”. Yes, this is not the systemic change We need to save endangered species, but it’s a bit tight considering gorillas are in decline due to habitat degradation by industry, poaching, industry, Y climate change.

This was so important to the charity that its president and CEO Tara Stoinski (more like Stonksy, right?) recorded a video message specifically for Redditors. The group also shouted them out on their website by adding the hashtag #ApesTogetherStrong and making a limited edition merchandising line Presenting it along the diamond hand symbols. The slogan is shortened from a memes based on the movie Rise of the Planet of the Apes, but WallStreetBets members often describe their collective action to outwit wealthy hedge funders.

The WallStreetBets Redditors have also been donating to other animal conservation organizations. The Sheldrick Wildlife Trust saw a $ 10,000 peak in donations last weekend, including adoption of an orphaned elephant in Kenya. Members have also sent money to the Orangutan Project Y other charities.

“I love this community”, one of WallStreetBets Username wrote. “I mean, honestly, can you ever imagine that somewhere on Wall Street or in Chicago they even have a little fragment of a post-it dedicated to more than their own fucking money?”

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