Faraday Future Wipeout Proves Meme Stock Investing Is a Loser's Game
FFIEFaraday Future(FFIE) Investor Place·2024-05-31 18:42

Faraday Future Intelligent Electric (NASDAQ:FFIE) is the perfect encapsulation of why investors should not bet on penny stocks or meme stocks. Trying to parlay a good story (or not so good in this case) into a winning investment usually ends up in tragedy and losses. The electric vehicle (EV) maker shows how that can play out. In less than a year, Faraday Future stock wiped out virtually 100% of its value. Now it is likely to be delisted from the Nasdaq Exchange and will probably declare bankruptcy soon. Fo ...