The names are everywhere and everyone seems to be getting rich talking about them.
They are also just a few of the companies swept up in the meme stock frenzy of 2021. Many were left for dead by Wall Street only to be revived by people stuck at home in a pandemic using no-fee trading apps, social media movements and new modes of financial education who started buying like crazy.
The result? Unbelievable returns for some individual investors — who joined forces on Reddit — and Wall Street upended.
In an effort to shed light on the volatile world of meme stocks, Thornton McEnery, MarketWatch’s money and markets reporter, has gone down many rabbit holes in search of a common thread when it comes to these polarizing companies. Amid this new era of investors driving share prices to astronomical levels, there are still more questions than answers: Is it gambling? Or is it investing with a new edge? Or, are we witnessing an unprecedented trend that will continue to vex old school investors?
On MemeMarkets, Thornton will talk about how we got here, where we’re going and teach you what you need to know to fill in the blanks on everything in between. He’ll also cover the news of the week, talk to key players and give you a primer on what retail investors are thinking and how they’re thinking it.
Join him on the journey, every week on YouTube.
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