7 companies Reddit turned into meme stocks

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Image: Brendan McDermid (Reuters)

GameStop is the stock that started it all. In January 2021, retail investors organized on Reddit and other platforms to buy and hold shares of the video game retailer. This move went directly against traditional investors who were short-selling the stock in hopes of buying back their shares at a cheaper price. To thwart those ambitions, Redditors gleefully managed to raise the price of GameStop shares to an all time high of $483.

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