For this reason, these stocks often become overvalued, seeing drastic price increases in just a short amount of time. This is the very reason why that specific individual should obtain the right references, particularly an investment memo, that guide their decisions to the more profitable path. The meteoric rise in GameStop's stock, as traders congregating on Reddit and Discord take on short sellers and hedge funds, is hard to look away from. One example is the VanEck Social Sentiment. Meme stocks are both like memes (due to their potential for viral popularity) and influenced by memes and internet trends. A meme stock is a stock that has seen an increase in volume not because of how well the company performs, but rather because of hype on social media and online forums like Reddit. There is a cult following and others blindly following the suggestion to the point they actually buy said meme stock. This also means that if a stock takes off, it's easier to imagine making a. Meme stock communities can thus greatly influence the prices of those shares through coordinated efforts to, for example, initiate short squeezes in heavily shorted names. In meme stock, the word meme is used in the sense of a cultural item (such as an image, video, or phrase) that is popularly spread on the internet (and often altered in a humorous way).