Support.com: The Latest Meme Stock

The latest meme stock is Support.com (SPRT). No, I don’t know anything about it either except it goes up a lot. SPRT is up 40% today, and that comes on top of being up 33% on Friday.

Going back to last Monday’s low, Support.com is up 315%. It’s actually down a lot from Friday’s intra-day high.

So what do they do? Beats me. This is from their recent earnings report:

Support.com, Inc. (NASDAQ:SPRT) is a leading provider of customer and technical support solutions and security software delivered by home-based employees. For more than twenty years, the company has achieved stellar results for enterprise clients, leading businesses, and consumers. Support.com efficiently meets rapidly-changing market needs with a highly-scalable homesourcing model, IoT expertise, omnichannel solutions, and proprietary software. With no bricks and mortar facilities, no commuting, and a secure cloud-based infrastructure, Support.com is a global leader in sustainability.

Hmmm. I’m still not clear on what they do. Here’s the long-term chart:

Posted by on August 30th, 2021 at 11:07 am


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