In what has simultaneously been one of Wall Street’s most bizarre and yet transformative phenomena, the rise of meme stocks -- loosely defined as publicly traded securities with incredibly strong social media followings -- quickly captured the world’s attention. Reportedly, at the heart of this movement’s ethos is the universal desire to restore equity from injustice. But its latest venture could undo whatever good it initially sparked. Kicking off the meme stock spectacle was of course GameStop (GME), the video game and consumer electronics retailer. For years, GameStop had struggled for relevance as the underlying industry shifted toward e-commerce revenue channels.
https://www.tipranks.com/news/article/meme-stocks-giving-rise-to-morality-questions
GameStop (NYSE:GME)
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GameStop (NYSE:GME)
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