Facebook news ban could permeate Aus stock market investordaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investordaily.com.au Daily Mail and Mail on Sunday newspapers.
Banita Bissoondoyal-Bheenick
These days people trading on the stock market want more than just a strong financial return. They’re increasingly opting for investments that will also have a positive societal impact.
The coronavirus pandemic showed us even established tech companies can suffer downturns in the short term. Apple, a tech behemoth, was left reeling when Chinese manufacturing hubs were temporarily shut down last year.
In the longer term, however, technology stocks remain a first choice for many investors. Historically, they’ve dominated global stock markets and continue to grow at a remarkable rate.
Even during the downward spiral of the pandemic, tech stocks such as Zoom and Microsoft soared in value as an influx of people started working from home. The question for many investors now is: how can one find profitable investments without supporting unethical activity?
Tech share price âbubbleâ warnings grow louder
Save
Normal text size
Advertisement
Small investors who loaded up on technology stocks as their prices soared during the COVID-19 pandemic will get their fingers burnt if warnings by experienced market watchers of a tech âbubbleâ that will pop, prove accurate.
US investor Jeremy Grantham says the bull market in US âgrowthâ shares â led by the tech sector âhas âmatured into a fully-fledged epic bubbleâ.
âFeaturing extreme over-valuation, explosive price increases, frenzied issuance, and hysterically speculative investor behaviour, I believe this event will be recorded as one of the great bubbles of financial history,â Grantham says.
âBoomers no longer control the market,â says 16yo Reddit trader
Save
Share
A Melbourne high school student and active member of the notorious WallStreetBets social media forum has lashed Robinhoodâs decision to restrict trading activity by its customers, but experts say Australiaâs market integrity rules would prevent it ever coming to that.
Dan Tadmore, 16, joined the Reddit forum WallStreetBets in April last year, shortly after Victorian Premier Daniel Andrews brought forward school holidays amid the escalating pandemic.
Dan Tadmore is a 16 year old year 11 student at an elite private school and has been a member of the notorious Wallstreetbets Reddit forum for 9 months. âBoomers no longer control the market,â² he says.Â
GameStop chaos: Real reason Robinhood cut off retail investors
Tony Yoo | January 29, 2021 5:20pm |
More on:
Robinhood poured petrol on the fire overnight.
The move immediately drew criticism, with politicians on absolute opposite ends of the spectrum blasting Robinhood.
“This is unacceptable. We now need to know more about Robinhood’s decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit,” said prominent leftist Democrat senator Alexandria Ocasio-Cortez.
In response, far-right Republican senator Ted Cruz simply replied: “Fully agree.”
Later in the day Robinhood backed down, announcing “limited buys” would be allowed from Friday’s session.