The phenomenon of the meme in the stock market continues without end: Stock meme phenomenon continues say big influencers - how long this furor can be prolonged, according to some of the biggest influencers.

The world is facing the age of meme. Just take a look on social media.

Jokes and more jokes flood the threads of forums such as Reddit, Twitter, Instagram. It is a new reality that little by little has been gaining space. Also in the world of markets.

Memes are easily digestible and shareable images or videos, often in the form of snapshots of popular culture, modified with custom subtitles to send countless messages-from funny snapshots to political-tinged phrases.

While it may seem ridiculous, financial memes can possibly generate investment trends. Much more, even, than the detailed reports of investment banks or the recommendations of brokers. It could be said that more and more among the new generations has become one of the references.

Stock meme phenomenon continues say big influencers

If a meme spreads, it can have a considerable impact at a time when retail investment has taken a huge force in the markets.

"Individually, a meme sent by a retail investor probably won't do much good, but if it's a concerted effort and goes viral, then there's a chance to boost the stock price,” says Financial Times one of the meme creators and stock investor known as Litquidity on Instagram, a network on which he has more than half a million followers.

Stock meme phenomenon continues say big influencers: A recent Jefferies report defines the phenomenon as follows: “Stock memes have become a trend that can remain fashionable as long as the era of cheap money is still in place.”

Memes have long been pivotal to the rise of various cryptocurrencies, but their impact is also beginning to be felt by major exchanges. This has been channeled into the behavior of some securities in the last year such as GameStop, AMC or BlackBerry. More and more operators have jumped on the bandwagon driven by jokes.

The shares of gaming establishments, GameStop, and movie theater chain, AMC, have risen more than 1,000% and 2,600% respectively this year, giving them a combined market value of $ 46 billion, largely thanks to meme-inspired trading by young, unorganized retail investors on sites like Reddit WallStreetBets or social media.

Stock meme phenomenon continues say big influencers

For now, this is mainly a factor of interest in niche markets. However, it is a broader phenomenon that goes beyond the so-called “stonks memes” (something like stinking memes, which refers to how the investor community bets on certain assets on a massive basis).

Memes have also fueled the SPAC boom and, possibly in a more modest way, even affected the stock market in general, as was seen with the Tesla rally in the markets. Nearly half of the 1,500 retail investors surveyed by the advisory group Betterment indicated that they invest in securities based on social media rumors.

Stock meme phenomenon continues say big influencers: Kyla Scanlon, a young industry connoisseur who now creates videos on TikTok that explain finance to younger generations, is among those fascinated and alarmed by the "memefication" of markets. Observe the sense of community it generates, but also how the reality of valuations shifts.

"We have this short-form content to help us process broader narratives," he says. I think it will continue to appear in the bags, " he adds.

Another user known as Dr. Parik Patel, who has gained over 300,000 followers on Twitter in less than a year, sees memes primarily as fleeting entertainment at a difficult time for many people.

That said, you have noticed how they have spread far beyond what you might think at first. "I have friends who work in completely non-financial fields who had no interest before the stock exchange pandemic and now have their own portfolios and follow the most popular financial meme pages," he explains.

Stock meme phenomenon continues say big influencers

And how long can this phenomenon last, given this backdrop? First, it seems to be completely linked to the mania that has been generated in the markets as a result of the COVID-19 crisis and the increase in available savings. That's why Scanlon and Patel estimate that the appetite for stock memes is likely to fade once the enthusiasm finally dilutes like sugar in the coffee.

However, strong hands and those with more liquidity are concerned that using social media to make money will result in market memefication being more resilient than many expect.

"I don't think it's a good thing, but I don't think it's going anywhere unless some kind of regulation is put in place," says Dr Parik Patel in statements in the Financial Times.

Stock meme phenomenon continues say big influencers

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Simplified oppositions to regularize nearly half a million interns: Government and unions negotiate how to stabilize temporary public employment in law fraud

In Spain, at least 1 in 5 workers have a temporary contract, according to official figures from the end of 2020, although the situation is not entirely new, given that the country is the European leader in temporary employment since 2017.

However, the proportion of fixed-term workers is even higher in the public sector than in the private sector, according to the latest Labour Force Survey, which has placed the percentage of temporary contracts at around 30% of public employees, although the rate of temporary contracts is even higher, at around 42%, in particularly critical sectors such as public health.

In this situation, the European Union claimed on march the Spanish Government to take measures to address the temporality, mainly in the public sector, to which the Executive has responded by pledging to reform before the end of this year, the statute of the public to try to reduce the rate of temporary public at 8%, the same cap that will need to be applied to other eu countries like Germany, which also exceed the recommended rates for Brussels.

In addition to this reform, the Ministry of Territorial Policy and Public Function, he proposed to the trade unions, the implementation of a competition simplified to regularise the employment of the caretaker, especially those who are in a situation of evasion of the law, having chained more than 2 consecutive years with temporary contracts, a situation that could be found around 900,000 workers in the public sector, according to El confidencial.

Thus, Minister Miquel Iceta assured the Congress of Deputies that his ministry was proposing the holding of stabilization processes in which experience in the specific job is the determining factor and stressed that the autonomous communities will be offered the possibility of granting places through a merit competition without having to hold an examination of opposition.

In this way, Iceta has presented the unions with greater representation among public employees CCOO, UGT and CSIF multiple pathways to stabilize the job of caretaker of the public administrations, including giving more weight to the merits of the opposition, or to completely remove the review, as a way to recognize the experience gathered by the temporary and regularize the largest possible number of agency staff.

For their part, the unions have focused their proposals in making it easier for the caretaker to get to legalize and maintain their places, according to El confidencial, who points out that CCOO ask for all the merits that are taken into account in the process apply exclusively to the square they occupy, without taking into account previous employment or training, while CSIF claims that the interim suspension of the theoretical part of the opposition can continue to opting plaza.

For the moment, there are no concrete figures of squares to cover or caretaker that is expected to regularize to facilitate negotiations with autonomy, while the Government and trade unions negotiate what to do with the caretaker who do not obtain your seat and leave without compensation, given that by its type of contract not applicable none. In the event that these interim parties claim this situation to the justice, the State could face the payment of millions of euros in compensation.