Meme stocks are back from the dead

Last year was tough for all investors, but ones that hang out on Reddit suffered more than most. The Roundhill Meme exchange-traded fund, which tracks meme stocks, fell from $70 a share to $25. Fellow travellers in the covid-19 bubble, including non-fungible tokens (which use blockchains to sell digital artefacts) and spacs (blank-cheque initial public offerings), also collapsed, leaving apes (retail investors) with few options but to hodl (hold on for dear life) or cut their losses.