meme stock
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English
Noun
meme stock (plural meme stocks)
- (finance, Internet slang) A company's stock that is hyped up and overbought by inexperienced investors, leading it to be overvalued.
- 2021 January 28, Dan Dixon, “Anarchy, in-jokes and trolling: the GameStop fiasco is 4chan-think in action”, in The Guardian:
- 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 April 21, Kevin Roose, “Welcome to the YOLO Economy”, in The New York Times, →ISSN:
- 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.