After a pause for a few months, the hype around meme stocks has returned, with individual investors wading back into the stock market after laying low through the worst of this year’s selloff. Shares of many stocks discussed on several social media platforms have spiked over the past couple of months, with retail investors’ craze to bet on them regardless of their fundamentals.
However, the rally was short-lived as the stocks have fallen significantly of late. Despite the remarkable gains from the short-lived rallies, the meme stocks usually have an awful ending as the rallies are not backed by strong fundamentals or positive news.
