Meaning of meme stock | Babel Free

Definitions

A company's stock that gains popularity among retail investors through social media.

Internet

Examples

“Journalists covering the story have tended to gesture towards possible impetuses, and there are undoubtedly many underlying factors that led to r/wallstreetbets’ choosing GameStop as a “meme stock”, which have surely evolved with the saga (screwing Wall Street; making money; a genuine belief in the fundamentals of GameStop’s business model).”

“Individual YOLO decisions can be chalked up to many factors: cabin fever, low interest rates, the emergence of new get-rich-quick schemes like NFTs and meme stocks.”

CEFR level