This chapter explores the resurgence of meme stocks like GameStop and AMC, contrasting their entertainment-driven investments with traditional stock analysis. It also delves into the evolution of financial markets, discussing their role in economic growth, capital raising, and drawing parallels with the valuation trends in cryptocurrencies.
The meme stock era, led by Keith Gill, aka “Roaring Kitty,” seemed to have come and gone — until this week, when he reemerged on social media. It was enough to send shares in GameStop and AMC on a wild ride again, conjuring memories of 2021’s meme stock mania.
So what’s really going on? On today’s episode, Bloomberg’s Money Stuff columnist Matt Levine schools us in Meme Financial Markets — and breaks down for host David Gura what these wild moves mean for anyone interested in putting money in the stock market.
Read more: GameStop Is Back!?
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