The Meme Stocks Are Back and May Have Found Their New ‘Roaring Kitty’

It seems that the shares of Meme have returned, and this time, the latest madness – accidentally – was postponed by a Canadian hedge fund manager named Eric Jackson.

About three weeks ago, Jackson, Emj Capital, bought the shares of OpenDoor Technologies, a company based in San Francisco buying and selling homes online, about $ 0.70 each. Since then, the company’s share price has risen to more than 600 % to the highest level during the day about $ 5 on July 21. Today, it is circulated by about $ 2.40, and is still approximately 250 % for weeks.

“I think Opendooor is real,” Jackson told Bloomberg in an interview. “I never expected the M and M and M and”

MEME shares are shares of companies that are largely struggling or briefly rising in the price thanks to the noise on social media platforms such as Reddit and X (formerly Twitter), and often with little contact with the company’s financial data. This phenomenon was launched for the first time in early 2021, when retailers raised the shares of Gamestop and AMC in a movement led by Keith Gil, an investor and investor known as “Roaring Kitty”. Now, Jackson is unexpectedly withdrawn to the same world. Bloomberg states that his face is already taken on pictures of Kitty Roaring.

Jackson first obtained in 2015 through a 99 -page presentation to the Yahoo Board of Directors, and the company urged the replacement of CEO Marissa Mayer at the time because of mismanagement. Mayer eventually stepped down in 2017 after Verizon bought the company.

Ten years later, Jackson returned to the spotlight after publishing a series of taking into OpenDoor on the former social network (Twitter). The reason for his belief was that the company’s shares could reach $ 82 by 2028, and even described it as “one hundred hundred”, an arrow that could be the value of 100 times more than it was in the beginning.

Jackson says he has received 600 calls and email in the past three weeks of investors who are eager to hear his other investment ideas.

Other stocks have caught in the Jackson portfolio in MEME as well, such as IRN and Cipher Mining. IRN shares increased by 49 % this month, while Cipher increased by 65 %.

Meme Stock Mania does not stop there. Corporates that are not associated with Jackson are also invaded in noise. At the time of writing this report, Kohl’s increased by 58 % this month, GOPRO jumped by 78 %, and Krispy Kreme increased by 67 %, as retailers accumulate in increased stocks in the hope of large payments.