Finshots Daily Are memes driving stocks higher?
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Jul 31, 2025 Dive into the wild world of meme investing as stocks like Krispy Kreme and GoPro soar. Explore the origins of this trend, tracing back to events like the GameStop saga. The discussion highlights both the exhilarating potential and the hidden dangers for retail investors navigating this speculative market. Can meme culture genuinely influence stock prices, or is it all just a clever manipulation? The complexities of distinguishing genuine momentum from market tricks are laid bare.
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GameStop's Epic Short Squeeze
- GameStop's stock was heavily shorted by hedge funds betting it would fail.
- Reddit users on WallStreetBets triggered a massive short squeeze, causing stock to jump from $3 to nearly $480.
Meme Investing Drives Stock Rallies
- Meme investing has returned with stocks like Krispy Kreme and GoPro rallying despite weak fundamentals.
- Social media attention and short interest can drive significant stock price moves without changes in company performance.
Opendoor's Stock Surge from Tweet
- After hedge fund manager Eric Jackson tweeted a huge price potential for Opendoor, its stock jumped 400%.
- This increase happened without any actual business turnaround, driven purely by social momentum.