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Reddit takes on Wall Street as elites are angry internet users can meme a stock to new heights

They're trying to maintain control.

The internet has allowed everyday people to seize control in a way they haven't before - and that's why powerful entities are always looking to stop it.

Whether it's citizen journalism or memeing a president into The White House, media, hedge funds managers, bankers and others are always trying to silence the people in an attempt to maintain control.

The US Securities and Exchange Commission (SEC), mainstream media, and hedge funds are trying to find a way to control online conversations where they concern suspected posting of information whose goal is to "hype stocks."

This is going to open another front in the "war on misinformation" on the internet, likely equally as controversial as all the previous ones, as reports suggest the SEC will have a hard time discerning legitimate opinion about a certain stock and freely sharing that opinion, from somebody's premeditated scheme to drive the price up.

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