Term of the Moment

geocoding


Look Up Another Term


Definition: meme stock


A publicly traded equity that is popular because a post on social media goes viral. For example, in 2021, GameStop jumped from USD $20 a share to nearly $350 in two weeks because hedge funds had shorted the stock and a Reddit post encouraged people to buy it out of revenge. The stock soon dropped into the $40's and then began to rise again. The early adopters who cash out are always the winners. See meme.