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Benzinga

Business

Vishaal Sanjay

Wall Street Is Getting In On 'Meme' Stock Action: 40% of Hedge Funds Now Use Social Sentiment Tools, Hire Social Media-Savvy Analysts

Hedge Funds Opendoor Google Twitter Inc.

Wall St

The meme stock phenomenon, once primarily seen as a retail-led market rebellion, is being swiftly absorbed by hedge funds and Wall Street institutions.

What Happened: On the Prof G Podcast on Monday, Ed Elson says, “40% of hedge funds are now using social sentiment analytics for their trading strategies in 2025 compared to 3 years ago when it was 10%.”

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