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Meme stocks take hit as GameStop and AMC suffer rough start to year
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A US stock market selloff is hitting shares of meme stocks particularly hard, dragging down companies that became favorites among individual investors last year.
Shares of GameStop and AMC have tumbled in the first trading week of 2022, losing 13% and 16%, respectively. It’s a turnaround from 2021, when so-called retail investors banded together to send the shares soaring.
GameStop...
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