Because of GameStop Corp.'s wild roller coaster ride on the New York Stock Exchange, people have been talking about retail investing and how social media is changing the game.
The video game retailer's stock price hit a high of $483 in what has been framed as a battle between "the little guys" of Reddit against the suits of Wall Street who had heavily shorted GameStop shares.
"Whatever it is you are doing, you have to know the rules of the game—how it should really be done," said Edward K. Lee, chairman and founder of COL Financial Group, Inc., who warned against "the madness of the crowd."
In this episode of B-Side, Mr. Lee speaks with BusinessWorld reporter Revin Mikhael D. Ochave about short selling, GameStop shares, and the Philippine stock market.
This B-Side episode was recorded remotely on Feb. 2. Produced by Nina M. Diaz, Paolo L. Lopez, and Sam L. Marcelo.
