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Meme stock mania is back: Why everyone is talking about GameStop, AMC and more again
![Meme stock mania is back: Why everyone is talking about GameStop, AMC and more again](https://dailybusinessinvestor.com/wp-content/uploads/2024/05/240515-nfl-ch-1027-00e2e4-800x533.jpg)
“Meme stock mania” refers to the recent trend where retail investors, often coordinated via social media platforms like Reddit, drive up the prices of certain stocks, often ones that are seeing declining business or are heavily shorted by hedge funds. GameStop and AMC are prime examples of this phenomenon.
The recent resurgence of interest in these stocks has been influenced by a few factors:
1. Short Squeezes: Some hedge funds bet against these companies by “short selling” their stocks. But