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