What Are Meme Stocks and Are They Real Investments?
What Is a Meme Stock?
A meme stock refers to the shares of a company that have gained viral popularity due to heightened social sentiment. This is usually due to activity online and particularly on social media platforms. These online communities can dedicate heavy research and resources toward a particular stock.
Meme stocks often have heavier discourse and analysis in discussion threads on websites like Reddit and posts on platforms such as X (formerly Twitter) and Facebook.
Key Takeaways
- Meme stocks are shares of companies around which online communities have formed to promote and build narratives.
- GameStop (GME) is widely regarded as the first meme stock.
- GameStop’s price rose as much as 100 times over several months…
