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5Qs: Choi Explores Meme Stocks and Their Effect on Corporate Governance

January 4, 2024


Read time:

5-15 mins
Albert Choi Banner 0
Presented by Michigan Law

The “meme stocks” phenomenon, or a stock that has become popular and traded heavily due to social media hype, was expected by analysts to cause companies to become more socially responsible, but Professor Albert Choi says that isn’t the reality. In this edition of 5Qs, Choi explains how meme stocks negatively affected company-shareholder relationships and the likelihood of progressive reforms in corporate governance.

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