Video game retailer GameStop (GME) is popping on in after-hours trading after releasing third quarter earnings, posting net sales of $860.3 million and adjusted earnings per share of $0.06. GameStop and fellow meme stock AMC Entertainment (AMC) got a momentary stock boost last week after retail trader Keith Gill — known as “Roaring Kitty” on social media — made a post on X.

Stocktwits head of market research Tom Bruni sits down with Josh Lipton on Asking for a Trend to speak more on GameStop’s quarterly performance, the current state of the meme stock trade, and the Stocktwits platform itself.

“Thinking back to 2021, a lot of people thought this was just a phase. And that is not the case. Retail has stuck around — we’re seeing record levels of options activity, record trading activity, we’ve got Robinhood (HOOD) adding betting markets,” Bruni says.

“So kind of like this degenerate economy of betting on everything including stocks is kind of taking hold here. And so I think Wall Street has identified this as something that’s not going away. And so they’re trying to figure out how to navigate it.”