Is This Really a Thing?
Are Meme Stocks Really a Thing?
GameStop and AMC made national headlines for unexpected reasons as retail investors from social media website Reddit began feverishly scooping up shares in each company. While the resulting drama caused wild swings in stock prices and scrutiny against some online trading platforms, the long term impacts remain to be seen. Did "Redditors" usher in a new era of retail stock trading? Or are these so-called meme stocks just another example of financial history repeating itself?
Featured Guests
Garrett Cummings - President, UCF Young Investors Club
Josh Miranda - Communications & Marketing Coordinator, UCF College of Business
Kevin Mullally, Ph.D. - Assistant Professor of Finance, UCF College of Business
Episode Highlights
1:04 - Introduction
2:48 - Why would anyone invest in GameStop?
7:22 - What led to the media spotlight on $GME?
12:37 - Who is the group driving the run on GameStop stock?
14:27 - Is this a legitimate area of finance research?
16:37 - Historical similarities
20:12 - How is this run on $GME going to end?
22:08 - What's the future for meme stocks as a whole?
28:27 - Will this still be a story a year from now?
31:33 - Dean Jarley's final thoughts