As the year winds down to a close, with just three weeks left on the calendar, Nextdoor may be the next, last, big meme stock of 2025. Here’s why.

What happened?

On Wednesday, Nextdoor Holdings Inc. (NXDR) shares rose 49% in early trading, the most in over four years, according to Bloomberg.

The gains come on the heels of a series of posts on X on Wednesday morning by investor Eric Jackson, founder of EMJ Capital hedge fund, who described the neighborhood-focused site as “one of the most misunderstood platforms in the market” and touted its AI potential: “Nextdoor isn’t a social network. It’s a neighborhood operating system with AI-native revenue,” as well as its large membership (100 million households in 10 countries).

At the time of this writing, Nextdoor was holding steady, up over

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