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Meme stocks are back as Trump Media and Reddit surge upon their debuts

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Trump Media and Reddit share a key attribute in common with the likes of GameStop.

So-called meme stocks are having a moment again. What do Reddit , Trump Media & Technology Group and GameStop all have in common? They all have strong retail participation. Trump Media made its market debut on Tuesday under the ticker DJT, following its merger with shell company Digital World Acquisition Corp.

That is literally the definition of a stock. Fundamental analysis was developed as a way to make a guess at what that future stream of profits, including dividends, would look like. You can see this in the charter of the very first modern stock company, the Dutch East India Company, which began operations in 1602. The company was set up to import spices from the Moluccas in eastern Indonesia, but it quickly expanded.

 

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