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'Meme Stock Mania' Helps Prop Up Bed, Bath & Beyond

Struggling home-goods retailer Bed Bath & Beyond was one of the hottest stocks on Wall Street in August, rising almost 500% in a matter of weeks. “And that strange divergence happened for just one reason: Meme-stock mania made a sudden and unexpected return,” per The Atlantic. “You probably remember meme-stock mania from early 2021, when hordes of retail investors—many of them communicating with one another via social media and Reddit message boards—bought up the stocks of struggling companies such as GameStop, AMC, and, yes, Bed Bath & Beyond, sending them soaring to unimaginable heights.”

Read the whole story at The Atlantic »

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