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Feds Investigating Posts on Reddit, Social Media for Signs of GameStop Stock Fraud
By Rudy TakalaFeb 3rd, 2021, 4:22 pm
Olivier Douliery/Getty Images
Officials at the Securities and Exchange Commission are reportedly investigating posts published by users of Reddit and social media for signs of fraud related to the surge in stock prices for several companies, including GameStop and AMC Theatres.
Individuals familiar with the issue told 
Bloomberg the commission was investigating whether there was a move to improperly manipulate the market. Observers have questioned if last week’s surge in stock prices resulted exclusively from organic behavior by users on Reddit, who began by encouraging each other to buy shares in GameStop, or whether it was amplified by high-net-worth investors who sought to manipulate public sentiment. ....

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