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Browsing: stock market
This week, a combination of events lead to Elon Musk’s electric vehicle company, Tesla, making it into the trillion-dollar market…
When the children’s digital game Roblox launched on the New York Stock Exchange last week, the company’s share price rapidly…
The Reddit/Gamestop/Wall Street debacle just keeps on trucking. After amateur investors using social media mobilised a short-squeeze against hedge funds…
Well that didn’t take long. One week, Wall Street hedge funds are crying foul over a group of amateur investors…
The Reddit Gamestop Wall Street riot just keeps on rolling. Anyone who is still labouring under the impression that this…
Amateur investors who had been having a grand old time inflating the share price of gaming retail chain Gamestop (which…
Cast an eye in the general direction of the finance sector and you’ll see that the last couple of weeks…
The year of the tech IPO is 2019. Uber went public on May 10 with a US$82.4 billion valuation. Fellow ride-sharing app Lyft floated in March with a U$24 billion valuation and Pinterest had a US$10 billion IPO in April. More big names – including Slack, Airbnb, WeWork and Palantir – are set to follow.
When I handed cash to the cashier at a restaurant in Shanghai, he looked at me blankly for a moment.…