This note explores a secondary effect of the GameStop short squeeze event and links the exalted focus of retail investors on meme stocks to financial literacy and autodidacticism. From an overview of stylized facts about the short squeeze of GameStop based on high frequency data, short interest, and key figures of related derivatives, it is shown that these financial concepts are reflected in keyword searches across multiple platforms. This self-education with regard to financial terms, keywords, and products and the understanding of basic market speculation mechanisms such as short sales plays a significant role for the influx of retail investors.
Bibliographical notePublisher Copyright:
© 2021 Elsevier Inc.
Copyright 2021 Elsevier B.V., All rights reserved.
- Financial literacy
- Meme stocks
- Short squeeze
ASJC Scopus subject areas