The trading of a public stock detached from its fundamental value as pure speculation. Timing a meme stock bubble is a zero-sum game.
Examples of memestocks include:
- Bed Bath & Beyond
See also financial nihilism and memecoin.
- Glongloff, Mark. n.d. ‘Bitcoin, GameStop Are More Cults Than Investments’. Bloomberg. Accessed 2 March 2022. https://www.bloomberg.com/opinion/articles/2021-03-02/bitcoin-btc-gamestop-gme-are-more-cults-than-investments.
- Warzel, Charlie. 2021. ‘The Absurdity Is the Point’. Substack newsletter. Galaxy Brain (blog). 11 May 2021. https://warzel.substack.com/p/the-absurdity-is-the-point.