Today’s Forbes Daily newsletter covers Meta's AI layoffs, Uber's EV rebates, most valuable NBA teams, Tesla earnings, oil prices and Russia, GM self-driving and more.
ByDanielle Chemtob,
Forbes Staff
andForbes Daily,
Forbes Staff.
Beyond Meat may be plant-based, but investors are beefing up their holdings as the company’s stock becomes a so-called meme asset.
Wall Street previously forecast the plant-based meat firm as a “Reddit stock to watch.”
Shares in the struggling plant-based meat company have rallied as retail traders pile onto stock.
The reversal comes just one day after the stock enjoyed its best day ever.
Beyond Meat surprised Wall Street with the announcement Monday.
Explore why meme stock manias occur, their characteristics, and the risks involved for investors in today's volatile market. Read…
The violent swings underscored how quickly euphoria can turn to panic in these momentum-fueled trades.
The Beyond Meat fever highlights the risk of trying to ride the meme trade wave
