The meme stock craze exploded in 2021 when Reddit’s WallStreetBets forum began buzzing about GameStop (GME). Hedge funds had heavily shorted the stock, which led to online retail traders speculating about a possible short squeeze. This skyrocketed GameStop’s share price within a short timeframe. Weeks later, the same happened to other stocks.
If you’d invested $1,000 in some of these meme stocks back in 2016 or at their IPO for newer companies, your portfolio would look dramatically different today. Some stocks delivered massive gains. Most didn’t. And a few wiped out the majority of an investor’s money.
What $1,000 Invested in Meme Stocks 10 Years Ago Would Be Worth Today
GameStop may have started the meme stock mania, but right now, there are dozens of stocks that are driven by social sentiments. So, if you had invested $1,000 in any of these stocks a decade ago, here’s how much it would be worth today.
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| Meme Stock | $1,000 Invested Is Now Worth | Stock % Yield Change |
| GameStop (GME) | $3,532 | +253% |
| AMC Entertainment Holdings (AMC) | $11 | -98.9% |
| Bed Bath & Beyond (BBBY) | $487 | -51.3% |
| Robinhood Markets (HOOD) | $2,617 | +162% |
| Opendoor Technologies (OPEN) | $262 | -73.8% |
| Rocket Companies (RKT) | $996 | -0.4% |
| Palantir Technologies (PLTR) | $14,659 | +1,366% |
| Tilray Brands (TLRY) | $32 | -96.8% |
| Clover Health Investments (CLOV) | $222 | 177.8% |
| Marathon Digital Holdings (MARA) | $362 | -63.8% |
| Roblox (RBLX) | $1,019 | +1.9% |
| Rivian Automotive (RIVN) | $138 | -86.2% |
| DraftKings (DKNG) | $2,806 | +181% |
| Virgin Galactic (SPCE) | $14 | -98.6% |
| Kohl’s (KSS) | $372 | -62.8% |
| Lucid Group (LCID) | $108 | -89.2% |
| Carvana (CVNA) | $29,712 | +2,871% |
| Occidental Petroleum (OXY) | $677 | -32.3% |
| Roku (ROKU) | $6,033 | +503% |
Should You Invest in Meme Stocks?
Meme stocks aren’t showing any signs of going away. New names keep coming up year after year. So, should you invest in them? It depends on your investing goals and risk tolerance. Since meme stocks are purely driven by online sentiments rather than business fundamentals, they’re highly risky. Many experts recommend investing what you can afford to lose.
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This article originally appeared on GOBankingRates.com: How Much Money Would You Have if You’d Invested in Meme Stocks for 10 Years?
