Well, that's not actually the stock price. But it is a rough floor on the stock price. Meme stocks can get bid up into crazy territory and stay there arbitrari

Well, that's not actually the stock price. But it is a rough floor on the stock price. Meme stocks can get bid up into crazy territory and stay there arbitrarily long. But if a stock goes way below its fundamental value, someone will buy the company at that discount.