Meme stocks: Data providers conflicted on offering investment analyses

While some alternative data providers are jumping in on the meme-stock craze by producing new datasets and analyses geared toward risk management and alpha generation, others—perhaps rightly so—are staying cautious.

What’s old is new again. As Covid-19 pandemic-induced lockdowns finally ease, and citizens reacquaint themselves with their former haunts, a Forbes’ 1998 cover—which declared “A bunch of kids are tormenting Wall Street!”—could have been written yesterday.

A heated national conversation about so-called “meme stocks” has been ongoing among US investors, traders, legislators, and the average online Joes and Janes for six months, a result of the January 28 fiasco, in which video game retailer

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