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GameStop conspiracy theories shot down by SEC in report on meme stocks and short squeezes

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The Securities and Exchange Commission has released a hotly anticipated report on January’s trading frenzy that rocketed so-called meme stocks into the stratosphere. It dismisses conspiracy theories that swept social media to ostensibly explain the bizarre trading activity, choosing the most anodyne explanation instead: that what fueled the GameStop rally was nothing more than hundreds of thousands of new investors—at one point, reaching nearly 1 million per day—entering into a sudden feeding frenzy over........

© Fast Company

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