It's 4chan. Where conspiracy theories fall flat, they'll just spin more conspiracies about a cover-up. The flow-chart process of conspiracies is designed to never disappoint the believers.
So... Explicitly fabricated conspiracies shall not be conflated with "conspiracy theories"? Whatever attachment you have to either would make you a conspiracy theorist.
Conspiracy theories are when you make that kind of thing up.
A conspiracy is just one or more people working together. Putting a weird tone on that word is...weird.
Whatever attachment you have to using words wrong - would make you a fool.