Wendy’s surges over 40% after viral Reddit post ignites meme-stock frenzy

Wendy's stock skyrocketed by over 40% following a viral Reddit post that kicked off a meme-stock frenzy, with the surge seemingly detached from the company's actual performance metrics. This dramatic spike, which led to a temporary trading halt due to extreme volatility, underscores how social media can dramatically influence market trends, often in ways unrelated to a company's core business health. This event highlights the growing power of online communities in shaping investor sentiment and underscores the wild unpredictability of the stock market in the age of digital activism.