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Meme Stock Phenomenon
Matt reflects on the surprising power of retail investors to influence stock prices during the meme stock craze, particularly with companies like AMC that adapted their strategies to engage this demographic. He notes the innovative approaches taken for investor relations and financing, which were previously uncharted territory for corporate finance. Despite the initial success, he cautions that relying on retail investors remains a risky endeavor, as the meme stock hype has significantly diminished over time.In this clip
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Masters in Business
Matt Levine on Money and Stuff
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