{"id":596214,"date":"2021-07-18T16:51:10","date_gmt":"2021-07-18T20:51:10","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=596214"},"modified":"2021-07-18T16:51:12","modified_gmt":"2021-07-18T20:51:12","slug":"gamestop-stopped-meme-stock-trading-shows-signs-of-decline","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gamestop-stopped-meme-stock-trading-shows-signs-of-decline\/","title":{"rendered":"GameStop Stopped? \u2018Meme Stock\u2019 Trading Shows Signs Of Decline"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fgamestop-stopped-meme-stock-trading-shows-signs-of-decline%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=596214&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/02\/GettyImages-1157796276-scaled-e1611775044502.jpg?w=1200&amp;h=800&amp;ixlib=react-9.0.3\" class=\"ff-og-image-inserted\" \/><\/div>\n<p><span>Americans\u2019 interest in \u201cmeme stocks\u201d may be dwindling.<\/span><\/p>\n<p><span>Earlier this year, traders communicating via online social networks collectively agreed to purchase stock in <\/span><a href=\"https:\/\/www.dailywire.com\/news\/the-gamestop-controversy-what-you-need-to-know\"><span>GameStop<\/span><\/a><span>, <\/span><a href=\"https:\/\/www.dailywire.com\/news\/reddits-wallstreetbets-wins-again-as-amc-stock-soars\"><span>AMC Entertainment<\/span><\/a><span>, and cryptocurrencies such as <\/span><a href=\"https:\/\/www.dailywire.com\/news\/to-the-moon-dogecoin-plummets-robinhood-experiences-issues-after-elon-musk-admits-its-a-hustle-on-snl\"><span>Dogecoin<\/span><\/a><span>. However, recent search engine data reveals a declining public interest among amateur stock trading.<\/span><\/p>\n<p><a href=\"https:\/\/www.axios.com\/meme-stocks-invest-decline-09a041d2-12c7-4077-aa13-24cd3deeea6e.html\"><span>Axios<\/span><\/a><span> reports:<\/span><\/p>\n<blockquote readability=\"12\">\n<p><i><span>One factor that turns a stock into a meme stock is that it attracts the attention of new traders who are committed to trading with hoards of buyers.<\/span><\/i><\/p>\n<p><i><span>These new traders tend to be novice traders, and they seek information like novices at anything else: they do Google searches for basic terms. However, Google Trends data shows searches for basic terms like \u201cinvesting\u201d and \u201cbuy stocks\u201d have fallen to levels not seen in over a year.<\/span><\/i><\/p>\n<\/blockquote>\n<p><span>Searches for the two terms skyrocketed in January and February; however, they have since fallen considerably.<\/span><\/p>\n<p><span>\u201cTo our eyes, the data here says that the surge in US retail investor interest in investing is entirely over,\u201d wrote DataTrek Research co-founder Nicholas Colas, as quoted by Axios. \u201cEvery craze needs new adherents (i.e., not just the same crowd) to keep it relevant, and the Google chart shows those are in increasingly short supply.\u201d<\/span><\/p>\n<p><span>The meme stock phenomenon worried federal regulators, who claimed that the collective decision to purchase assets constituted market manipulation.<\/span><\/p>\n<p><span>\u201cU.S. Securities and Exchange Commission investigators are combing social media and message board posts for signs that fraud played a role in dizzying stock swings for GameStop Corp., AMC Entertainment Holdings Inc., and other companies,\u201d Bloomberg <\/span><a href=\"https:\/\/www.dailywire.com\/news\/reddit-investors-now-taking-losses-as-gamestop-stock-price-tumbles-sec-investigating-potential-manipulation\"><span>reported<\/span><\/a><span> in February. \u201cThe scrutiny is being done in tandem with a review of trading data to assess whether such posts were part of a manipulative effort to drive up share prices, said the people, who requested anonymity because the review isn\u2019t public. The regulator is specifically on the hunt for misinformation meant to improperly tilt the market.\u201d<\/span><\/p>\n<p><span>Despite regulators\u2019 concerns, several business moguls were <\/span><a href=\"https:\/\/www.dailywire.com\/news\/the-4-business-moguls-cheering-for-the-little-guys-in-the-gamestop-fiasco\"><span>enthused<\/span><\/a><span> by the small-time investors\u2019 efforts.<\/span><\/p>\n<p><span>\u201cI got to say I LOVE LOVE what is going on with #wallstreetbets,\u201d tweeted Dallas Mavericks owner Mark Cuban. \u201cAll of those years of High Frequency Traders front running retail traders, now speed and density of information and retail trading is giving the little guy an edge.\u201d<\/span><\/p>\n<p><span>\u201cOld days where a hedge fund manager could quietly short a stock, then publish negative research and take a bullhorn to it in the media are over,\u201d tweeted Canadian entrepreneur Kevin O\u2019Leary, referring to the investors who lost billions after betting heavily against GameStop. \u201cThey now run the risk that he power of the crowd will turn on them and squeeze their heads like a teenage pimple. I\u2019m good with it!\u201d<\/span><\/p>\n<p><span>SpaceX and Tesla CEO Elon Musk \u2014 who has publicly endorsed Dogecoin \u2014 also told traders to give \u201cno respect\u201d to \u201cshorty apologists.\u201d<\/span><\/p>\n<p><i><span>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <\/span><\/i><a href=\"https:\/\/www.dailywire.com\/subscribe\"><i><span>member<\/span><\/i><\/a><i><span>.&nbsp;<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Americans\u2019 interest in \u201cmeme stocks\u201d may be dwindling.Earlier this year, traders communicating via online social networks collectively agreed to purchase stock in GameStop, AMC Entertainment, and cryptocurrencies such as Dogecoin. &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-596214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/596214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=596214"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/596214\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=596214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=596214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=596214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}