The Allbirds flagship store sign is seen in Manhattan, New York, on Sept. 7, 2021. Shannon Stapleton/Reuters
Step aside, AMC and GameStop. There could be new meme stocks in town.
Wall Street experienced a unique retail-driven and liquidity-fueled trading frenzy in 2021. Largely coordinated on Reddit’s WallStreetBets page, armchair traders flooded several heavily shorted stocks—AMC, GameStop, Bed Bath & Beyond, BlackBerry, and Clover Health—and lifted their share prices far beyond fundamentals.
