meme, stocks
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WallStreetBets, the infamous subreddit credited with helping to spawn the meme-stock phenomenon, is giving its regular readers a taste of what it was like during the trend’s heyday in early 2021.
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Fefe Demeny breaks down the wild world of meme coins — from Dogecoin to Floki — and why these meme coins matter more than you think.
Investor enthusiasm faded for the latest meme stocks on Wednesday, with shares in heavily shorted Krispy Kreme and GoPro closing well below their session highs, while Tuesday's investor darling - department store Kohl's - finished sharply lower.
The recent revival in meme stocks, evident in today’s 25% surge in Krispy Kreme, could reflect both a targeting of investors betting against the bull market and the impact of passive investment strategies that have sapped liquidity and stoked volatility.
In addition, customers will also be able to purchase a five-pack of oversized Krispy Kreme Jibbitz charms—of the Original Glazed doughnut and Krispy Kreme Hot Light—to put a unique, personal stamp on their Crocs. (Those charms come seperately with two doughnuts, a dozens box, the iconic paper hat, and Krispy Kreme logo.)
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Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Some investor enthusiasm faded for the latest meme stock rally on Wednesday, with shares in heavily shorted Krispy Kreme and GoPro coming off earlier highs, a day after retail investors had piled into the shares of department store company Kohl's.