Posts

Image
  Meme stock investing Even if you don’t care about stocks, you must have heard of the buzzword “meme stocks” . Do you wonder why these stocks have become so popular? How are they different from other stocks? We will explain in this article how meme stocks operate and how they perform in comparison to FAANG stocks. “FAANG” is the acronym that represents the stocks of the five top U.S. technology companies: Facebook, Amazon, Apple, Netflix, and Google, a subsidiary of Alphabet. These stocks represent 15% of the S&P 500 and their performance has a substantial effect on the overall market. Now, let’s come back and try to understand the mania around meme stocks. A meme is an image, video, text, typically funny and amusing in nature, that goes viral among internet users, often with slight variations. The term meme was not originated online. It was published in “The Selfish Gene”, a book authored by Richard Dawkins, where he used meme to describe an idea or behavior that spreads acro...