Skip to content
Business

Meme Stock Mania Is Here to Stay — Even With Those Wild Price Swings

Retail investors will continue speculating in memes, but crypto is expected to generate more value.

Bloomberg business news
MLIV Pulse: Will the Meme Mania Fizzle Out?
Updated on

Wall Street says the meme stock is here to stay.

Born of lockdown boredom, no-fee brokers and social-media chatrooms, the phenomenon drew in a new generation of traders, who fueled massive rallies by banding together to pump up the stock prices of companies Wall Street was betting against.