GameStop: The revenge of retail investors
Enabled by social media, mom-and-pop traders are putting the squeeze on short-sellers of struggling companies
IN JULY last year, this column highlighted the huge resurgence of retail investor participation in Singapore as well as around the world. But it struggled to answer the question of whether this phenomenon was cause for celebration or concern.
Events over the past week have cast interesting new light on the whole issue.
Most importantly, with the pervasive reliance on social media for information and inspiration, it seems clear that retail investors today are a more potent force than they were a decade ago.
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