Newegg Meme Stock Mania: Hype vs. Reality

Newegg's stock is skyrocketing thanks to meme stock mania, surging 3400% since May, but is it all hype? Despite launching a new Gamer Community, the rally seems detached from the company's falling sales and losses. An insider's massive stock purchase adds fuel to the fire, but with no Wall Street analysts covering the stock, big price swings and risks loom for everyday investors jumping on the bandwagon. Is Newegg a gamble or the next big thing? Hosted on Acast. See acast.com/privacy for more information.