User talk:2001:8003:26E0:A102:34AD:56D1:875F:BC41

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The definition of meme stock is not correct. The true definition of what constitutes a meme stock is simply, whichever stocks are listed on Robinhood's restricted trading list https://www.cnbc.com/2021/01/29/stocks-on-the-robinhood-restricted-trading-list-like-amc-and-koss-are-surging.html

It is unrelated to retail activity, despite what it may seem, as the entire existence of meme stocks on the internet was not a popular occurrence until it was simultaneously pushed by mainstream media outlets. Proof - Simply using google

Searching for "Meme stocks" prior to 25 January 2021 https://www.google.com/search?q=meme+stock&rlz=1C1CHBF_enAU884AU884&biw=1920&bih=937&sxsrf=ALiCzsZYZNIK2ifHkI_UQ7zkR4bxjp0sXQ%3A1654486259734&source=lnt&tbs=cdr%3A1%2Ccd_min%3A%2Ccd_max%3A1%2F25%2F2021&tbm=

Searching for Meme Stocks post 26 january 2021 - 30 Jan 2021 https://www.google.com/search?q=meme+stock&rlz=1C1CHBF_enAU884AU884&biw=1920&bih=937&sxsrf=ALiCzsZVyIyD781PreWPBzry1ZTXXC5sRQ%3A1654486269107&source=lnt&tbs=cdr%3A1%2Ccd_min%3A1%2F25%2F2021%2Ccd_max%3A1%2F30%2F2021&tbm=

So while the present definition calls a meme stock "A meme stock is a stock that gains popularity among retail investors through social media." I would posit that the true definition of meme stocks is independent of any retail activity, as in infact just a blame-shift attempt by various financial media/hedge funds entities. However you wish to word it.

The vast majority of "meme stocks" have not, and never have had popularity among retail. They are stocks that have/are being been manipulated by bad actors, and efforts to rebrand them as meme stocks is an attempt to shift focus away from unscrupulous activities and/or market manipulation tactics. There is no evidence the majority of "meme stocks" have any bearing or relationship to retail popularity, prior to becoming "meme stocks". Otherwise this is simply a self fulfilling prophecy/fallacy. Sure ones like GME and AMC etc. have a strong social presence now, but prior to the earliest classification of these stocks? They were completely irrelevant (except for GME with DFV gambles), with almost no mentions or attention given.

The only thing all meme stocks have in common is that they exploded in price "for no reason" around the same timeframe. During these various explosions any reclassification as a "meme stock" by financial media, they were completely irrelevant to retail.