Since last year, meme stocks have hit the headlines on several occasions due to their massive, short-squeeze-driven returns. Investors’ discussions on forums such as Reddit’s WallStreetBets (WSB), and collective bets against short-selling hedge funds, have helped many of these stocks skyrocket.
The WallStreetBets forum garnered attention worldwide after triggering the rallies of GameStop Corp. (GME) and AMC Entertainment Holdings, Inc. (AMC). And although the platform is known for betting on heavily shorted companies, it also discusses companies with sound fundamentals and good growth prospects.
