Jessica Karl, Columnist

Your Next Car Rental Could Be From a Meme Stock

The extended Muskverse keeps growing.

November 2, 2021 at 9:33 PM UTC

By Jessica Karl

Jessica Karl is a Bloomberg Opinion columnist and author of the Bloomberg Opinion Today newsletter.

Avis Acquires Zipcar For $500 Million — Photographer: John Moore/Getty Images North America

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Avis Budget Group is a rental-car company and meme stock that announced some pretty good earnings yesterday after the close. The stock went up by 218%. Sure, fine; that's what meme stocks do. But no rocket-ship emojis or shiba inus were involved, notes Matt Levine. Just good old-fashioned decent earnings, which is uncharacteristically — gasp! — normal.