5 times celebrities moved the stock market
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Investors sit tight despite high inflation figures
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TORONTO, ON – MARCH 9: Singer Drake, Toronto Raptors Ambassador, speaks to the crowd on ‘Drake Night’ during the first half of an NBA game between the Houston Rockets and the Toronto Raptors at Air Canada Centre on March 9, 2018 in Toronto, Canada. (Photo by Vaughn Ridley/Getty Images) A stock market trading platform has analysed data on the worldâs hottest music artists to calculate which are the biggest and most successful in 2021 according to the numbers. Using different analysis metrics including; streaming data, awards won, Billboard Hot 100 entries, brand deals and social media following, Stake was able to rank each musician and determine their theoretical âstockâ price. Canadian musician
Cryptocurrency exchange Coinbase made its long-awaited stock market debut on 14 April, selling its shares to the general public for the first time on the Nasdaq exchange.
The company’s stock soared past Nasdaq’s $250 reference price to open at $381 per share. The stock then rose to a high of $429.54 before falling back to close the day at $328.28, giving the company a valuation of $85.8 billion.
Across many brokerages, it was one of the most traded stocks, as investors scrambled for a piece of the action. But why exactly is Coinbase stock so popular? We take a look.
What is Coinbase?
Coinbase is a US cryptocurrency exchange that allows customers to trade a vast range of digital assets or cryptocurrencies.