How Memes Flipped Wall Street Upside Down

CNBC published this video item, entitled “How Memes Flipped Wall Street Upside Down” – below is their description.

The late January GameStop frenzy forced Wall Street to pay attention to retail investors like never before. Wall Street and news outlets analyzed the persona of the subreddit WallStreetBets and broke down their memes and lingo for clues on how this happened. Here’s an explainer on why these collective actions are becoming more common, the role memes play in these situations and what’s next for retail investing.

CNBC YouTube Channel

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About This Source - CNBC

CNBC is an American pay television business news channel owned by NBCUniversal News Group, a division of NBCUniversal, with both indirectly owned by Comcast. Headquartered in Englewood Cliffs, New Jersey, the network primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

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In This Story: GameStop

GameStop (NYSE: GME) is an American video game, consumer electronics, and gaming merchandise retailer. The company is headquartered in Grapevine, Texas, United States, a suburb of Dallas, and operates 5,509 retail stores throughout the United States, Canada, Australia, New Zealand, and Europe as of February 1, 2020.

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