A couple of weeks ago, subreddit r/WallStreetBets made headlines around the world when the collective efforts of its members helped drive GameStop stock prices to record highs. It also caused many other investors, particularly those who shorted GameStop’s stocks, to lose a ton of money in the process.
That being said, it seems that the efforts of the subreddit might have caught the attention of Cindicator Capital, a hedge fund based in New York City, who are now looking to hire traders. However, while job listings like these aren’t new, what’s interesting about this listing is that it requires that the person has an account on r/WallStreetBets that’s at least a year old.
It also calls for the user to have “karma” (Reddit’s points system) and to have a “refined taste for memes and a sense of humor”. The job is said to be paying $200,000 a year with performance-based bonuses, health insurance, and an option for a spot at a Burning Man Camp, if that’s your kind of thing.
While we can’t say for sure that this listing is serious, it shouldn’t be surprising. A good education is obviously important when it comes to hiring employees, but at the same time, having practical and relevant experience is also equally important. So if the person has a good track record of making successful trades on r/WallStreetBets, it might actually be better than hiring a fresh grad who might have no experience at all.