Hossein Azari of cmorq Discusses Meme Stocks, Sees DeFi as an Answer to Retail Desires
JD Alois, 04 June 2021
The rise of the “meme stocks” has been a fascinating adventure with the combination of ubiquitous technology and the ability to drive trading by retail investors in a way that has never been experienced before. While a certain amount of manipulation of markets has always existed, the recent advent of trading forums, like Wallstreetbets on Reddit, and other digital communication methods, has shifted some of the influence away from big money to smaller investors pooling resources.
The phenomenon really gained traction when GameStop (NYSE:GME), a highly shorted equity by certain hedge funds, became a focus for a targeted short squeeze. In brief, smaller investors, many trading on Robinhood, rocketed the price of GME higher causing certain hedge funds to lose money in a classic short squeeze. Continue reading “Article: Hossein Azari of cmorq Discusses Meme Stocks, Sees DeFi as an Answer to Retail Desires”
