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I invested in internet memes on a fake stock market. I learnt some lessons about the real stock market

Before r/WallStreetBets, there was r/MemeEconomy
I invested in internet memes on a fake stock market. I learnt some lessons about the real stock market
  • Gamestop and other “meme stocks” beloved by the Reddit community have soared this year
  • Their rise was foreshadowed by a popular forum where Redditors ‘trade’ internet memes

It’s a Wednesday afternoon in May and I’m trying to decide whether an image of a startled Pikachu or a screenshot of Matt Hancock running away from a journalist is more likely to go viral.

I’m on r/MemeEconomy, a forum on the social media site Reddit that also serves as a fake stock market for internet memes. When I choose my meme, I will enter “buy” in the comments and a bot that monitors the forum will register my investment. It will also track how many other forum members buy in, assigning the meme a share price that fluctuates according to the level of demand.

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