To me, stonks represents retail traders who believe they are wiser than the market, says Ramp Capital, an engineer with over 100,000 followers on his finance-focused Twitter account. Stonks may describe someone achieving little profits or an investment that might be attributed to chance. I contacted the source to fully understand the link. A (very patient) Vanguard representative kindly volunteered to glance at several stonks memes and let me know what they thought. Essentially, I wanted to know why stonks, a fundamental and literal misunderstanding of stocks, loom so big in the public mind when it comes to how this financial stuff works. And why do people continue to stonk, despite overwhelming evidence that doing nothing is more productive and profitable?
1) a meme, commonly shouted after foolishly acquiring or losing money or something important.
2) Like the stock market, but for memes.
1. I spent $8 per hour to park at work, while I make $7.25 per hour. *Stonks* 2. Dave, have you seen this meme? Bob: I heard it increased by 76 percent in the stonk market.
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The employment of stonks in a stock market fight over the shares of the video game retailer GameStop in late January 2021 drew the attention of the media. In reaction to GameStop stock becoming a popular target for short sellers, the stock market subreddit /r/WallStreetBets urged people to buy substantially in the company. The stonks meme was popular on the subreddit, and it was often discussed in conjunction with discussions concerning GameStop stock. This fight rapidly erupted, and social media users started to express sympathy by posting stonks and other memes common on /r/WallStreetBets. This reached a climax when billionaire Elon Musk, a longtime lover of the stonks meme, seemed to encourage /r/WallStreetBets by tweeting Gamestonk!! and linked to the subreddit.
