The Gangnam Style Youtube video is now full of meme stock comments from Redditors. It comes after a farfetched conspiracy theory of a Reddit shutdown surfaced.
FRANKFURT AM MAIN, GERMANY - NOVEMBER 11: Psy performs 'Gangnam Style' onstage at the MTV EMA's 2012 at Festhalle Frankfurt on November 11, 2012 in Frankfurt am Main, Germany.
Rumors are saying that hedge funds are flexing their muscles to take down Reddit completely. As a response, Redditors are storming the Gangnam Style YouTube video to serve as their new discussion platform for meme stocks. .
Yes, you read it right: Reddit users believe that Youtube, and the highly-viewed Gangnam Style video by Psy will otherwise remain online. As such, it will allow them to continue their stock discussions unhampered.
Hedge Funds vs Reddit: Conspiracy Theory
The conspiracy theory was birthed after a couple of internet websites around the globe, such as Amazon, Twitter, Spotify, and Reddit went down. Even CNN and the New York Times were inaccessible for an hour. All of this due to a content delivery network (CDN) glitch that Fastly experienced.
CDN is a necessary backbone for frequently visited websites to run smoothly. It loads massive media files like videos and photos, which comprises the majority of the webpage, faster
So, in times of an outage, it is almost impossible to load these sites.
And although Fastly was swift enough to fix the issue within an hour, speculations on Reddit were also fast-moving, according to Mashable. More specifically, Reddit users with a GameStop and AMC stocks started worrying about the thought that their platform to talk about meme stocks is being intentionally taken down.
As such, some Redditors from the r/WallStreetBets believe that hedge funds are powerful enough to dictate the fate of Reddit. Moreover, Redditors dug deeper and speculated that Citadel, a hedge fund, and financial services company and part-owner of Fastly, is going to nuke Reddit.
r/WallStreetBets vs Citadel
It is not the first time that Citadel irked Redditors owning meme stocks.
On January 27, the trading prices of Gamestop and AMC, and other so-called meme stocks got a sudden spike -- all due to retail investors.
Then, on January 28, Robinhood, a financial services app, halted the trading of Gamestop. Pissed users flooded the app with negative reviews on Google Play Store. After which, the prices of Gamestop and its similar counterparts fluctuated downward.
With that, many Redditors believe that Citadel, which trades stocks for Robinhood, was behind the Gamestop takedown.
Gangnam Style and Meme Stock Comments
This time around, believe it or not, Gangnam Style on Youtube is now a Reddit-like thread discussion, all about meme stocks.
Redditors believe that the whopping views that Gangnam Style has garnered will safeguard it from being taken down.
According to Gizmodo, it currently sits second in the most popular videos on YouTube. And way back in December 2014, its views even surpassed the limit of the platform's view counter.
Related Article: Fastly CDN Network Outage: Amazon, Twitter, Spotify, Reddit, and More are Down - Issue Resolved Within An Hour
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Written by Teejay Boris