Becomes The Latest Meme Stock

Posted by Jamie Wilde,

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Tweet on Twitter is a relatively unknown software company, considering how high it must rank in Google search results. But it’s under-the-radar no more: Amateur traders are gassing it up like friends at a bridal fitting.

Shares of skyrocketed as much as 203% on Friday, before closing the day up 34%.

Why For the same reasons that traders doubled down on AMC and GameStop this winter: to profit off of professional investors’ short bets.

Last month, Wall Street shorted’s stock, betting on the company’s stock to go down. Amateur investors bet against their bets, attempting a “short squeeze” that can accelerate a stock’s surge like throwing Mentos into Diet Coke…read more.