Like it or not, social media has the potential to influence a lot of people -- but that doesn't mean you should let it dictate how you invest your money. These days, there's a lot of buzz about meme stocks -- companies that have gained notoriety due to internet popularity.
GameStop (NYSE: GME) , for example, blew up the internet earlier in the year when a bunch of Reddit users drove its share price upward, resulting in a world of pain for the hedge funds that got stuck in a short squeeze . But tempting as it may be to invest in meme stocks, the companies behind them aren't necessarily the most stable or viable, and you may be better off focusing on these options instead.
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Forget Meme Stocks. Put Your Money Here Instead