An In-Depth Look at Meme Stocks: Understanding AMC, GME, and BBBY
Meme stocks refer to stocks that have gained popularity on social media platforms, especially Reddit, due to a coordinated effort by retail investors to drive up their prices. The term “meme” is used here as a shorthand for a cultural phenomenon that spreads rapidly through the internet. The goal of these efforts is often to cause short squeezes and to generate profits for retail investors at the expense of large hedge funds and other institutional investors. AMC Entertainment Holdings, Inc. (AMC), GameStop Corp. (GME), and Bed Bath & Beyond Inc….