If you ever been on Reddit.com you may know they discuss almost anything on there. Now they have a subreddit that they discuss memes as if they are real-world products. If a meme has risen, they say “SELL,” and if a meme is just starting to bubble up online, they say that they are going to “BUY.” It is good to keep in mind they are not using real cash.
Key Takeaways:
- A 12-person team of Redditors led by Ron Vaisman and Brandon Wink is taking the idea behind r/MemeEconomy to make an interactive and working meme stock market. The team of Redditors is calling the trading tool NASDANQ.
- For a meme to find a place on NASDANQ, someone must determine the cultural impact it has made or will make. Fans will make that call. Each trader will be given 1000 units of NASDANQ currency after they create an account.
- A meme needs to be categorized after being approved. Memes will be distributed to the markets based on their characteristics. The three markets are text-based memes (text is the same, but the image will change), penny stocks (not very popular memes) and image-based memes (opposite of text-based stocks), explains The Verge.
“Now some Redditors are building upon this idea to come up with a fake stock market-type thrill, reports The Verge.”
http://www.valuewalk.com/2017/01/redditors-fake-stock-market-memes/
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