Buying into the meme stocks craze

What is going on with meme stocks once again? While there might not be any particular “concrete” reasons fuelling their recent price increase, we can perhaps speculate some theories as to why stocks such as Bed Bath and Beyond and other perpetual retail memes such as AMC, Gamestop, Blackberry, etc are all witnessing strong double-digit increase in their share prices over the past month. One will need to recognize there are 2 broad themes in play with these “meme stocks”. The first is social media and the second is underlying business operations. Let me elaborate.

Social Media

The media, and consequently the transfer of information used to be dominated by the big boys a decade ago. Not anymore. With the proliferation of social media platforms such as Twitter and online communities such as Reddit, retail investors now have substantial “clout” over the information transmitted...