The Latest ‘Meme Stock’ Wave: Ridden by iHeartMedia

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Just like industry peer Beasley Media Group experienced on Wednesday, those who participate in Discord chat rooms about investment opportunities — as seen on social media platform X — are actively seeking to drive iHeartMedia shares skyward.


During the noon hour, their posts appeared to be working, with “IHRT” shares up by more than 12% in brisk trading on Nasdaq.

As the Closing Bell neared, a healthy gain on the day was still in play.

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