a us stock market selloff is hitting shares of meme stocks particularly hard dragging down companies that became favorites among individual investors last year shares of gamestop corp and amc entertainment holdings inc have tumbled in the first trading week of 2022 losing 13 and 16 respectively it’s a turnaround from 2021 when socalled retail investors banded together to send the shares soaring gamestop and amc both struggling businesses when retail investors discovered them en masse last year finished 2021 with gains of 688 and 1183 for the year