Meme stock mania is unlikely to last

Shares in Gamestop almost quadrupled as Keith Gill, better known as Roaring Kitty, reappeared on social media for the first time in three years. Photograph: Pavlo Gonchar/SOPA Images/LightRocket via Getty ImagesReturning to X after a three-year silence, a few cryptic tweets from Gill were all it took to send meme stock prices soaring. Gamestop shares almost quadrupled, as did US cinema chain

This year is not 2021. Then, stimulus cheques and pandemic lockdowns fuelled a surge of amateur traders with extra cash. Interest rates have gone from zero to heights unseen in 22 years.It’s raining metaphors at Manchester United amid soggy aftermath of underinvestment

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