The online retail trading community shook the financial world last year when the online Reddit community r/wallstreetbets had sent Gamestop (GME) to unprecedented heights. But the gains could not last and ended up inflicting a painful squeeze on short-selling hedge funds.
The term ‘meme stock’ has become conventional, and even meme coins, such as the Dogecoin in the cryptocurrency world, have popped up. However, according to JPMorgan Chase & Co. (JPM), retail investors are ditching risky trading options in favor of more traditional equity funds.
