Aside from the dramatic swings observed in their underlying shares of late, meme stocks are in the news because investors and traders will soon be able to access exposure to these companies via single-stock ETFs.
In 2021, a new niche emerged within the stock market, and this group of so-called “meme stocks” tends to be more sensitive to social media mentions, as opposed to traditional, business-related developments.
Digital World Acquisition Corp. (DWAC) took the markets by storm as the collision of Donald Trump, meme stocks and SPACs catalyzed strong interest in the underlying shares.