Hiltzik: Meme stocks are still with us, offering new temptations for novice and unwary investors
Update: 2025-10-31
Description
Beyond Meat's stock price soared 1400% in just a few days, driven by online hype and social media promotion, despite the company never turning a profit. This surge, reminiscent of the meme stock craze, saw investors chase the price up, only to see it crash back down. The risks of meme stocks are highlighted by the GameStop saga, where investors who bought near the peak suffered massive losses when the price crashed. Despite the allure of quick gains, market experts warn of high volatility and risk, advising investors to stick to fundamentals.
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