16 lines
825 B
Markdown
16 lines
825 B
Markdown
# Meme Stock
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The trading of a public [stock](stock.md) detached from its [fundamental value](fundamental-value.md) as pure [speculation](speculation.md). Timing a meme stock [bubble](bubble.md) is a [zero-sum game](zero-sum-game.md).
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Examples of memestocks include:
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* Gamestop
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* AMC
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* Tesla
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* Blackburry
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* Bed Bath & Beyond
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See also [financial nihilism](financial-nihilism.md) and [memecoin](memecoin.md).
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## References
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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.
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1. 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. |