WallStreetBets Founder Says Waning Summer Spurs Meme Mania Anew

Drivers similar to January 2021, founder Rogozinski says
Day trader enthusiasm pushing old retail favorites higher

WallStreetBets founder Jaime Rogozinski explains what’s behind the new wave of meme stock buying. Speaking with Sonali Basak and Guy Johnson on “Bloomberg Markets,” Rogozinski also says he’s not buying meme stocks yet this time around.Source: Bloomberg

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By Natalia Kniazhevich, Sonali Basak, and Guy Johnson

August 17, 2022 at 6:31 PM UTC

This article is for subscribers only.

The recent resurgence in retail-trading favorites won’t let up anytime soon, says Jaime Rogozinski, founder of the popular chat forum WallStreetBets.

“Summer vacation is over, everyone is back in school and that’s when the activity gets to kick back up,” Rogozinski said in an interview with Bloomberg Markets.