The WallStreetBets forum on the Reddit Inc. website on a laptop computer and the logo on a smartphone arranged in Hastings-On-Hudson, New York, U.S., on Friday, Jan. 29, 2021.
Tiffany Hagler-Geard | Bloomberg | Getty Images
The meme stock mania created by the day trading Reddit crowd fizzled a bit on Thursday.
It’s easy come, easy go for many speculative names favored by retail investors including AMC Entertainment and GameStop as they suffered double-digit losses on Thursday, pulling back from their recent explosive rallies. The video game retailer shed 27.3% even after announcing two high-profile executive hires from Amazon. The movie theater chain dropped 13.2% on Thursday, turning…