The Reddit logo is seen on a smartphone in front of a logo for WallStreetBets, a group it hosts. The price of GameStop shares shot up after the Reddit board, which has more than 2 million subscribers, hyped up the stock. Photo: Reuters The Reddit logo is seen on a smartphone in front of a logo for WallStreetBets, a group it hosts. The price of GameStop shares shot up after the Reddit board, which has more than 2 million subscribers, hyped up the stock. Photo: Reuters
The Reddit logo is seen on a smartphone in front of a logo for WallStreetBets, a group it hosts. The price of GameStop shares shot up after the Reddit board, which has more than 2 million subscribers, hyped up the stock. Photo: Reuters
Richard Harris
Opinion

Opinion

The View by Richard Harris

As GameStop stock frenzy dies, it’s the small retail investors who will suffer most

  • Who’s to blame when the credulous masses, misled by pseudo advice on internet chat forums, believe they can instigate a pump-and-dump scheme and walk away unscathed? Regulators must bring in circuit breakers not just for meltdowns, but also for the upside melt-ups

Richard Harris
Richard Harris

Updated: 2:05am, 5 Feb, 2021

Why you can trust SCMP
The Reddit logo is seen on a smartphone in front of a logo for WallStreetBets, a group it hosts. The price of GameStop shares shot up after the Reddit board, which has more than 2 million subscribers, hyped up the stock. Photo: Reuters The Reddit logo is seen on a smartphone in front of a logo for WallStreetBets, a group it hosts. The price of GameStop shares shot up after the Reddit board, which has more than 2 million subscribers, hyped up the stock. Photo: Reuters
The Reddit logo is seen on a smartphone in front of a logo for WallStreetBets, a group it hosts. The price of GameStop shares shot up after the Reddit board, which has more than 2 million subscribers, hyped up the stock. Photo: Reuters
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Richard Harris

Richard Harris

Richard has pioneered Asian investment management at senior levels for companies such as JP Morgan, Citi, BNY Mellon and several start-ups. He has 40 years of experience in a full range of investment and capital markets activities. He is CEO of Port Shelter Investment Management.