GameStop, Chewy, DJT Stock Hint at a Meme Revival. Here’s Why.
GameStop the videogame retailer that became famous as an investment in the height of the Covid-19 pandemic, is making another run after reporting earnings earlier this week. It raises the question of whether meme stocks—names such as GameStop, Chewy and maybe even President-elect Donald Trump’s Trump Media & Technology Group —are poised for another turn in the spotlight. GameStop was the quintessential meme stock at the start of the decade—its prices swung wildly, driven not by company fundamentals but by social media posts for retail investors.