Slate Money DORKs Are Cool Again
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Jul 26, 2025 The resurgence of meme stocks, particularly labeled as 'DORK' stocks, sparks lively debates about their impact on the market. The hosts explore how investor sentiment is shifting towards speculative trends, like cryptocurrency ventures returning to the U.S. amid relaxed regulations. They also dissect the financial and political implications behind CBS's cancellation of a popular late-night show, suggesting it might not be just about ratings. Expect insights on market dynamics, fintech collaborations, and the interplay of politics in media!
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Opendoor's Meme Stock Revival
- Opendoor, a struggling home buying company, became a new meme stock after Reddit traders and fund manager Eric Jackson pushed its price up.
- This event shows how social media and influential investors can rapidly revive nearly dead stocks.
Retail Investors Impact Market
- Retail investors now make up a significant part of stock market volume, influencing prices unpredictably.
- Institutional investors are cautious as retail-driven short squeezes can disrupt typical market strategies.
Why Meme Stocks Rise Now?
- Some argue people invest in meme stocks because they can't buy houses now due to high prices and interest rates.
- Felix Salmon disagrees, saying risk-free savings accounts paying 4% remain a better option than meme stocks.