This Meme Stock Is Not Like the Others
Meme stocks have taken over the market this year.
Names like GameStop and AMC Entertainment Holdings have caught fire as millions of retail investors on Reddit and other social media platforms have plowed into the stocks seeking to execute a short squeeze and pump up the shares with memes and trending hashtags. Those two stocks have been the biggest winners, but plenty of others have gotten boosts from the Reddit crowd, including BlackBerry, Bed Bath and Beyond, Express, Koss, and Clover Health.
These meme stocks generally have one thing in common: They're weak companies. Almost all of them are growing slowly or losing money. They're mainly consumer brands that have faded from their peak.
Source Fool.com
