Meme stock

A meme stock is a stock (the kind traded on the stock market) that has gained popularity (especially as one to buy) due to some online trend, as if the stock has gone viral like a meme. The popularity of meme stocks is often influenced by a number of factors, including online trends, rumors, or campaigns on internet message boards. Interest in such stocks is not usually directly tied to the underlying profitability or valuation of the company. For this reason, meme stocks are seen as very risky investments and are associated with inexperienced investors looking to make big profits on a spike in share prices. Use of the term meme stock was popularized by users of the subreddit /r/WallStreetBets. Example: I bought shares of GameStop even before it became a meme stock.

See also: Just Do You | Nah man | Forlaters | Patriot Day | Bash the bishop

explainza.com | 🔎

Our projects: Financial Independence: Your personal finances in the cloud | CatamaranAdvisor: Catamaran database, catamaran specifications, photos of catamaran interiors and exteriors