What are Meme Stocks?
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With the growing interest in the stock market by new investors, the frenzy has created a new type of stock: the meme stock. Meme stocks don’t mean that the internet’s favorite meme from that week is now trading on the stock market. Rather, stocks for companies themselves have gone viral online, causing investors to purchase them just for the meme.
Meme stocks are getting more and more popular - and if you’re an early adopter you can stand to make some crazy returns, like with GameStop or AMC.
But let’s take a closer look to figure out what exactly a meme stock is.
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