What can Singapore companies learn from the latest rally in US-listed meme stocks?
Cultivating a large following of small investors could significantly boost a company's market value
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THOSE clueless retail investors who hang out on Reddit are at it again.
The condescending tone was unmistakable in financial news reports about the rollercoaster performance over the past week of US-listed meme stocks such as AMC Entertainment, Bed Bath & Beyond, BlackBerry and GameStop.
Some reports characterised what was happening as just another bout of excessive speculation fuelled by very loose liquidity in financial markets. Others noted that short sellers seemed more prepared than they were in January to cope with the sudden rally in these stocks.
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