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Benzinga
Benzinga
Business
Adrian Zmudzinski

Are GameStop, AMC Yesterday's News? Robinhood Exec Says Meme Stocks Are Fad, Crypto Is First

HOOD Robinhood AMC NYSE Steve Quirk AMC Entertainment Holdings Inc. GME Robinhood Markets Inc.

Robinhood Markets Inc. (NASDAQ:HOOD) chief brokerage officer Steve Quirk has suggested that meme stocks such as Gamestop Corp. (NYSE:GME) or AMC Entertainment Holdings Inc. (NYSE:AMC) were nothing more than a passing fad.

What Happened: During an interview with CNBC published on Wednesday, when asked whether meme stocks were a fad, Quirk said those stocks "aren't even on the top handful of names that are being traded right now" and concluded the phenomenon was "probably a fad."

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