Memo to Bed Bath & Beyond investors: Ryan Cohen is not your savior

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Monday, August 22, 2022

Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.

Dear meme stock community,

I know we’ve had our differences, but hear me out.

I would like to think I understand you all (or most) — since the early days when the movement against “the man” (aka Wall Street) — began with GameStop in 2020.

I get one’s desire to build wealth with little capital to start. I get buying 10 shares of a $5.00 stock and hoping it goes to $25, and how that could be life-changing. I get how the entire investing process seems rigged against someone simply trying to make enough money in the market to send their kid to college. I saw this firsthand back in my analyst days.

I also understand how intoxicating it could be to fall in love with a story…

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