Five years after a band of online traders sent GameStop skyrocketing and upended Wall Street’s assumptions about “dumb money,” the influence of retail investors has proven more durable and long-lasting than many expected. What began as a dramatic short squeeze in early 2021 has evolved into a persistent force in equity markets, reshaping trading dynamics,…
A graph displaying the Apple stock price on a smartphone app. Jaap Arriens | Nurphoto | Getty Images Retail investors have had a gangbuster year in 2025. Mom-and-pop investors bought the dip at key points this year, providing strong returns as the market climbed to all-time highs. Once thought of as unsophisticated and easily duped,…
Roundhill Investments resurrected an exchange-traded fund focused on meme stocks on Wednesday, aiming to give everyday investors a simple way to play the new class of buzzy-yet-volatile stocks. But if history repeats itself, that could signal the trade — and broader market — is already losing its steam. Roundhill said the Meme Stock ETF, which…
Opendoor co-founder and newly minted board chair Keith Rabois said remote work and a “bloated” workforce have been a drag on the company’s culture, as he vowed to slash headcount. “There’s 1,400 employees at Opendoor. I don’t know what most of them do. We don’t need more than 200 of them,” Rabois told CNBC’s “Squawk…
Keith Rabois of Khosla Ventures attends Day 3 of TechCrunch Disrupt SF 2013 at San Francisco Design Center on September 11, 2013 in San Francisco, California. Steve Jennings | Getty Images Opendoor, the online real estate platform that’s seen a surge of retail investor interest in recent months, said Wednesday that it’s tapped former Shopify…
Opendoor CEO Carrie Wheeler said Friday that she’s resigning from the online real estate company, which has seen a surge in recent interest from retail investors. The stock popped early in the day before closing up 4.3%. Pressure began building on Wheeler, who took over the top job in 2022, after the company’s quarterly earnings…
With Opendoor shares up almost fivefold since the beginning of July and trading volumes hitting record levels, CEO Carrie Wheeler thanked investors for their “enthusiasm” on Tuesday’s earnings call. “I want to acknowledge the great deal of interest in Opendoor lately and that we’re grateful for it,” Wheeler said, even as the stock sank more…
Sydney Sweeney attends the 10th Annual LACMA ART+FILM GALA at the Los Angeles County Museum of Art in Los Angeles on Nov. 6, 2021. Presley Ann | Getty Images Entertainment | Getty Images Actress Sydney Sweeney helped bring American Eagle Outfitters shares into the latest round of meme stock mania on Thursday. The “Euphoria” and…
Traders work on the floor of the New York Stock Exchange (NYSE) on July 07, 2025, in New York City. Spencer Platt | Getty Images News | Getty Images It’s a new day, and meme traders have found more stocks to put on the pedestal. Reddit-obsessed retail traders targeted wearable camera firm GoPro and doughnut…
Opendoor Technologies attracted sudden interest among Reddit-obsessed retail traders, who pushed up the stock price by threefold in days, but the speculative run ran out of steam on Tuesday. The online real estate startup saw shares sliding more than 12% Tuesday after surging 24% earlier in the day. It had surged more than 42% in…
