Archive · 24 Jul 2025
GoPro and Krispy Kreme Stocks Surge Amid Meme Stock Frenzy
Meme stocks are companies that become popular on social media, causing their stock prices to jump.
Recently, GoPro and Krispy Kreme became popular, causing their stocks to go up.
This trend started in 2020 with GameStop, when online communities worked together to boost stock prices.
These stocks are often heavily shorted, meaning investors bet against them.
When regular people buy these stocks, it can cause a "short squeeze", pushing prices even higher.
It's like a group of people online deciding to buy a certain stock, which drives up the price based on momentum instead of the company's financial health.
GoPro and Krispy Kreme saw their stock prices surge on July 23 due to renewed meme stock enthusiasm.
Krispy Kreme's stock rose 26.7% on July 22.
GoPro's stock recorded its best trading day ever on July 22, closing 41% higher.
Meme stocks gain popularity and trading activity due to social media buzz and online communities rather than financial performance.
The meme stock phenomenon originated in 2020 with the rise of WallStreetBets on Reddit.
- Who
- Retail traders on social media platforms and online communities.
- What
- Meme stocks, including GoPro and Krispy Kreme, experienced price surges driven by social media and online communities.
- When
- July 22 and 23, 2025.
- Where
- N/A
- Why
- Driven by social media buzz and online communities, capitalizing on momentum rather than company fundamentals.
Retail Traders
Financial Analysts
Stock Value
Retail Traders
Driven by social media and momentum.
Financial Analysts
Based on company financials
- Meme Stocks
- Stocks experiencing a rise in popularity and trading activity.
- Recent Stocks
- GoPro, Krispy Kreme, and Beyond Meat.
- Krispy Kreme Rise (July 22)
- 26.7%
- GoPro Rise (July 22)
- 41%
- Platform driving stocks
- Reddit, X (formerly Twitter), Facebook
- Original Meme stock
- GameStop