Shares of Unity Software spiked after a post from Roaring Kitty, while meme coins were some of the top crypto gainers in the last day.
Crypto is booming, the stock rally is red-hot, and the bears are in retreat as markets head into the final stretch of 2024.
Elon Musk and Mark Cuban rallied memesters and then voters, traders made big bets, and young men played key roles in both events.
Trump Media's lockup period ends soon, allowing Donald Trump to sell his shares if he chooses. He'd potentially earn billions in the sell-off.
Tech
2024-09-09T09:43:02Z
Investors are obsessed with Nvidia thanks to its soaring stock price. The meme feels like GameStop, but there are also some good reasons for the cult.
Members of Reddit's WallStreetBets are exchanging Intel memes and say they've taken stakes in the chipmaker after a bad bet went viral.
Chuanda Zhisheng, named after Sichuan University, has a meme status because it coincidentally uses the same characters as a nickname for Trump.
Roaring Kitty is now one of the five biggest shareholders in Chewy. He sent the stock soaring last Thursday with a simple picture of a dog.
Retail traders who lost money in the first GameStop saga say that they're still tempted to jump back in as the stock rallies anew in 2024.
Bed Bath & Beyond's CEO testified she had concerns about Ryan Cohen's relationship with some board members.
Short sellers have been withdrawing, with bets against major indexes falling to record lows, JPMorgan said on Thursday.
Jim Chanos flagged the resurgence of meme stocks such as GameStop as dangerous, and said Tesla should honor its deal with Elon Musk.
GameStop is a troubled company that may be $3 billion richer very soon. It makes no sense and plenty of sense.
If Congress hates what Gill is doing, they can make his life miserable, says lawyer Adam Gana.
GameStop reversed its nearly 40% rise in premarket trading on Friday as earnings disappointment offset excitement about Keith "Roaring Kitty" Gill.
The upcoming livestream is titled "Roaring Kitty Live Stream - June 7, 2024" and already has 12,500 YouTubers "waiting" for the stream to begin.
"It is possible, but historically and statistically unlikely, that this time is different," JPMorgan's Marko Kolanovic said.
Gill's GameStop call options expire on June 21 and give him the option to acquire 12 million shares of the company at the $20 strike price.
Presidential candidate Robert F. Kennedy Jr. endorsed retail investors' calls for Wall Street reform, and bought into GameStop to show his support.
GameStop shares on Friday were back to levels they were trading at last week, having erased nearly all of the peak intra-week gain of 271%.