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web3/concepts/meme-stock.md

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Meme Stock

The trading of a public stock detached from its fundamental value as pure speculation. Timing a meme stock bubble is a zero-sum game.

Examples of memestocks include:

  • Gamestop
  • AMC
  • Tesla
  • Blackburry
  • Bed Bath & Beyond

See also financial nihilism.

References

  1. Glongloff, Mark. n.d. ‘Bitcoin, GameStop Are More Cults Than Investments’. Bloomberg. Accessed 2 March 2022. https://www.bloomberg.com/opinion/articles/2021-03-02/bitcoin-btc-gamestop-gme-are-more-cults-than-investments.
  2. Warzel, Charlie. 2021. ‘The Absurdity Is the Point’. Substack newsletter. Galaxy Brain (blog). 11 May 2021. https://warzel.substack.com/p/the-absurdity-is-the-point.