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Home > TechCheck > Return of the Meme Stock? 3/27/24
Podcast: TechCheck
Episode:

Return of the Meme Stock? 3/27/24
Category: Technology
Duration: 00:08:14
Publish Date: 2024-03-27 18:48:05
Description:

A new class of meme stocks has arrived. Trump Media, or DJT, is perhaps the most divorced from fundamentals. The newly-merged SPAC closed yesterday with a nearly $8 billion market cap and is up 17% today. Newly-public Reddit has also been also volatile – up nearly 70% since its IPO but falling 11% today. It all underscores a market that is increasingly driven by momentum… and retail investors. 
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