The Big Tech ShowGameStop, AMC and 'Roaring Kitty' -- a beginner's guide to meme stocks
Have you ever been tempted to get into meme stocks? Have you heard of friends making or losing money on Gamestop stocks? Or is the whole thing just a giant ponzi scheme?
Adrian is joined on The Big Tech Show this week by chief investment officer and senior portfolio manager at Gresham House Ireland, Derek Heffernan.
A meme stock is a stock that gains popularity among retail investors through social media. The popularity of meme stocks is generally based on internet memes shared among traders, on platforms such as Reddit. Investors in such stocks are often young and inexperienced investors. Examples of some memestocks are Gamestop, AMC, Nokia and Bed Bath and Beyond.
Derek says that memestocks became popular in 2021 because people were sitting at home, furloughed, with more disposable income and they began betting on those stocks.
You can listen to the full episode here on the Irish Independent website or wherever you get your podcasts.
