Meme Stocks Creating Havoc
Meme stocks continue to create havoc on Wall Street and they aren’t going away anytime soon. It’s a scenario that has taken the hedge funds by storm, where individual investors band together on social media to promote trending stocks, usually to meteoric heights, as was the case with GameStop earlier this year and more recently AMC.
Gunjan Baner Ji, financial correspondent for the Wall Street Journal, says the meme-stock phenomenon has basically pitted social-media investors against the expert hedge-funders and the little guys are winning. Baner Ji joins Just The News AM host Sophie Mann to explain further.
