Late on Wednesday, a moderator of the popular Reddit message board WallStreetBets posted several screenshots on the chat app Discord. They showed that other moderators had quietly started talking among themselves about landing a movie deal.
“What’s our cut?” one of the moderators had asked in a Discord chat, according to the screenshots.
By Thursday morning, that quest for Hollywood riches had exploded into an ugly battle, giving a glimpse into the unruly nature of a suddenly famous Reddit community.
That was when the WallStreetBets moderators who were considering the film deal began booting out other moderators who had questioned them for secretly trying to profit from the forum’s success. Eventually, employees at Reddit weighed in to try to quell the unrest.
“Can you all discuss with me what is going on?” a Reddit employee with the screen name sodypop asked, according to screenshots of the conversation shared with The New York Times.
roiled Wall Street over the past 10 days. Fueled by posts on the message board, where participants urged one another to buy the stock of the video-game retailer GameStop, the company’s shares went on an extraordinary run. The market frenzy entrapped hedge funds that had bet against GameStop’s stock, a populist move that soon captured mainstream imagination.
GameStop’s shares have since gyrated wildly. On Thursday, the stock plunged 42 percent.
The chaos has put a spotlight on WallStreetBets, which has been on Reddit since 2012 and which millions use to trade stock tips and chat about specific investments. Once the GameStop mania began
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