iHeartMedia Stock Surges in Meme Stock Frenzy

iHeartMedias stock surged over eleven percent due to social media buzz, turning it into a meme stock. Online communities, particularly on Discord and X, encouraged people to buy shares, leading to a significant price increase. Despite volatility, iHeartMedias stock has risen by 159% this year, but a $1000 investment five years ago would now be worth around $426.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.