Meme stocks are roaring again. This time may be different
GameStop and other meme stocks are roaring once again, surging to dizzying heights suddenly and sharply
NEW YORK (AP) — Meme stocks are shaking Wall Street once again. That shouldn't be much of a surprise.
Ever since bands of smaller-pocketed and novice investors began taking stock prices of downtrodden companies to breathtaking heights three years ago, the potential for more flareups has been obvious.
Some things are different this time. The biggest change from the initial supernova for GameStop's stock is how the experience of 2021 makes this all feel familiar. That familiarity, plus some changes in the market, should allow Wall Street to more easily digest the movements without danger to the overall system, experts say.
GameStop in 2021 put securities markets' capacity and resilience to a test that "few could have anticipated," the staff of the U.S. Securities and Exchange Commission said in a report later that year.
