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Bed Bath & Beyond Tumble Shows Risks of Chasing Meme Stocks

  • Shares slumps 22% to 12-month low after the earnings miss
  • Meme stocks have shed more than third of value from 2021 peak
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Why Bed Bath & Beyond's Tumble Could Be a Warning for Retail
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Bed Bath & Beyond Inc. is providing another painful lesson to the meme mob that fundamentals matter more than hype.

The home-goods retailer slumped 22% after quarterly sales missed expectations, making it among the notable losers in a group of 37 retail trading favorites tracked by Bloomberg this year. The drop is a warning to amateur investors who have banded together to push back against short sellers that fundamentals are real.