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According to the alternative data provider Quiver Quantitative, the average number of daily comments on Reddit’s WallStreetBets forum last month was only half of its last year’s value. Furthermore, the number of active users and funded accounts on a few financial platforms that allow investors to invest in stocks saw a dip in the third quarter.
So, we think it could be wise to avoid meme stocks Robinhood Markets , Inc. (HOOD), GameStop Corp . (NYSE:GME), and IronNet, Inc. (IRNT) because of their weak growth prospects and bleak financials.
