Some legendary Litquidity memes (Source: Litquidity) Epitomized by the rise and fall of GameStop, Reddit-fuelled meme stocks are having a serious moment. At the height of the $GME madness, Litquidity — one of the most popular finance-related meme accounts (500k+ Instagram followers) — released the Exec Sum newsletter to help people make sense of the market madness. The Hustle recently spoke with Litquidity to find out more: Litquidity is run by an anonymous Wall Street banker The Instagram account launched in March 2017 and quickly picked up a following among the finance crowd. “My close friends know I run the account,” Litquidity tells us. “But my co-workers have no idea, and they’ll often send me my own memes.” The memes really took off during quarantine And, with the Litquidity brand blowing up, he saw there was a big appetite for market education and decided to launch the newsletter. It already has sponsors and will serve as a stream of revenue to complement a (hilarious) merchandise and advertising business. What’s after GameStop? Litquidity thinks these 3 ticker have “meme stock” potential (obviously, not investment advice): Virgin Galactic ($SPCE): “The ‘to the moon stuff’ meme works perfect with Virgin.” Blackberry ($BB): “This…
Read More
Meet Litquidity, Instagram's most popular finance meme account
