meme stock

plural meme stocks

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

   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.

   2021 April 21, Kevin Roose, “Welcome to the YOLO Economy”, in The New York Times, →ISSN

   1 more example

   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).

   2021 January 28, Dan Dixon, “Anarchy, in-jokes and trolling: the GameStop fiasco is 4chan-think in action”, in The Guardian