5/16/2023 0 Comments Stonks meme generatorIn addition to being directly applicable to the situation at hand, "stonks" perfectly captures the je ne sais quoi of the situation. The fact that "stonks" is already deeply entrenched language both in r/WallStreetBets, which has borne the heaviest scrutiny as of late, as well as internet culture writ large, meant that people were indubitably going to use it to describe the current GameStop saga, which feels like one giant meme ( albeit one with very real implications) and has been driven by a community in which many apply a "YOLO"-style mentality to investing. Slate economics writer Jordan Weissmann wrote that, anecdotally, "stonks" has been "seeping further into common parlance" since the market tanked amid the pandemic, with personalities like Barstool founder Dave Portnoy championing its use online. The stonks spirit has only been fanned over the course of the pandemic, during which, as Vox reported, there's been an uptick in trading activity. Read more : The history of WallStreetBets, the Reddit group that upended the stock market with a campaign to boost GameStop 'Stonks' became a fixture in financial meme circles online, and has become synonymous with the GameStop sagaįinancial meme pages like and regularly invoke "stonks" memes, and in communities like WallStreetBets, which was launched in 2012 and has since become a hub of meme stock discussion, "stonks" is just part of the vernacular. This content is not available due to your privacy preferences. While the meme has witnessed its biggest explosion yet in 2021, it's been around since 2017 and has circulated in financial meme circles (and broader internet culture) for years. Read more: The 4 main reasons that GameStop stock became the target of a Reddit forum with more than 2 million members In the time since GameStop's stock began to meteorically rise, day traders have targeted other companies including AMC, Nokia, and Bed Bath & Beyond. Goliath narrative of Redditors banding together to skyrocket the value of GameStop stock at the expense of hedge funds who had bet on it falling. It's little surprise that the meme has become emblematic of the ongoing saga, which has been dominated by a David vs. As Slate's Jordan Weissmann wrote, "stonks" has become a popular word in the discussion around internet-fueled boosting of the unlikely stocks such as GameStop. In the midst of an ongoing, whirlwind saga involving video games retailer GameStop, a Reddit forum known as r/WallStreetBets, and multiple hedge funds, one word has been on the tip of everyone's tongue: "stonks."Īn intentional (and admittedly pretty funny) misspelling of the word "stocks," stonks started as a meme in the latter half of the 2010s and has become a fixture online since. Visit Insider's homepage for more stories. The meme began circulating in 2017, and captures the surreal sentiment of the moment. The entire saga has played out online, and the "stonks" meme is a crucial part of the discussion. Internet day traders have worked to push up the stock price of companies like GameStop and AMC in January. The "stonks" meme has become an emblem of the current GameStop saga.
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