Odd Lots

This Is What Happened to the Meme Stock Mania

Apr 28, 2022

Lily Francus, director of quantitative research at Moody's Analytics, and Kyla Scanlon, a financial commentator and founder of a financial education company, delve into the meteoric rise and fall of meme stocks like GameStop and AMC. They discuss the surge of retail traders during the pandemic, the cultural implications of meme trading, and the disconnect between stock valuations and fundamentals. The conversation also covers the impact on new generations, the changing landscape of investing, and the evolving regulatory environment for retail investors.

54:26

Creator website

Episode guests

Kyla Scanlon

Lily Francus

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Episode notes

Intro

2min

Exploring the Impact of Meme Stocks on Market Dynamics

2min

The Cultural Impact of GameStop and Retail Trading During the Pandemic

2min

Meme Stocks and Retail Trading Dynamics

23min

Consumer Protection in the Age of Meme Stocks

7min

Gen Z and the New Financial Frontier

11min

Navigating Economic Uncertainty

5min

Meme Stocks and Market Dynamics

8min

Spring of 2021 was peak meme mania. GameStop was going nuts. AMC was going nuts. And in general, the big cohort of traders that entered the market in early 2020 was riding high. Since then, though, things have turned south. Volumes have dipped significantly. The memes came back to Earth, and a lot of the growth stocks that were riding high have gotten absolutely killed. So where do things stand now, and what happened to all the new traders? On this episode, we speak to Lily Francus, director of quantitative research at Moody's Analytics, as well as Kyla Scanlon, a popular financial commentator across social media (as well as the founder of a new financial education company) to understand what happened, what's changed, and how the last two years have permanently altered financial markets as we know them.

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