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IOUpay had drawn comparisons to US videogame retailer GameStop Corp. after surging 6 400% in the past year as it has been the subject of several discussion threads on Reddit. The Reddit-fueled day-trading crowd turned the first quarter of 2021 into one of the wildest periods of stock market frenzy in modern history. Despite a more than 40% slump since mid-February, IOUpay remains Asiaâs top-performing interactive media and services stock over the past year.
Reddit-Fueled Penny Stock’s 6,400% Rally Reversing in Sydney
Bloomberg 2 hrs ago
(Bloomberg)
The Reddit meme stock fizzle is roiling an Australian penny stock.
IOUpay Ltd., a fintech firm that went into overdrive on a social media-backed retail trading frenzy, has plummeted in the past two months. The stock is set for more declines as the firm’s newly launched buy-now-pay-later services which allows customers to purchase goods and then pay for them in installments faces intensified competition in Southeast Asia from larger Australian rival Afterpay Ltd., say analysts.
IOUpay had drawn comparisons to U.S. videogame retailer GameStop Corp. after surging 6,400% in the past year as it has been the subject of several discussion threads on Reddit. The Reddit-fueled day-trading crowd turned the first quarter of 2021 into one of the wildest periods of stock market frenzy in modern history. Despite a more than 40% slump since mid-February, IOUpay remains Asia’s top-perfor
Reddit-Fueled Penny Stock s 6,400% Rally Reversing in Sydney msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Reddit-Fueled Penny Stock’s 6,400% Rally Reversing in Sydney
Bloomberg 3 days ago
(Bloomberg)
The Reddit meme stock fizzle is roiling an Australian penny stock.
IOUpay Ltd., a fintech firm that went into overdrive on a social media-backed retail trading frenzy, has plummeted in the past two months. The stock is set for more declines as the firm’s newly launched buy-now-pay-later services which allows customers to purchase goods and then pay for them in installments faces intensified competition in Southeast Asia from larger Australian rival Afterpay Ltd., say analysts.
IOUpay had drawn comparisons to U.S. videogame retailer GameStop Corp. after surging 6,400% in the past year as it has been the subject of several discussion threads on Reddit. The Reddit-fueled day-trading crowd turned the first quarter of 2021 into one of the wildest periods of stock market frenzy in modern history. Despite a more than 40% slump since mid-February, IOUpay remains Asia’s top-perfo
A 6,400% Reddit-Fueled Penny Stock Rally Is Reversing in Sydney msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.