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Online brokerages invest in financial influencers


Online brokerages invest in financial influencers
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Online brokerages flush with funds are tapping into financial services influencers and content creators to aggressively target young investors warming up to financial markets, amid a global stock market boom. Over 10 million new demat accounts were added in India last year, BSE data showed. Of these, many were debutants on online investing platforms.
These first-time investors have been helped along by content creators and financial influencers on social media platforms, including Google-owned YouTube and Facebook-owned Instagram, who are teaching the mostly under-30s audience the basics of investment – for instance, how to read a draft red herring prospectus. ....

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India’s
financial influencers are having a moment in the sun. Keen to tap their huge followings, online stock brokerages are lining up to offer them hefty commissions in exchange for more users.
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Online brokerages are fueling the financial inluencer economy
Hi, it’s Apoorva. Financial influencers are much in demand these days as India’s online stock brokerage firms, flush with cash, tap the growing community to bring some of their followers and viewers onto their platforms. ....

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GameStop rallies as online brokerages reinstate trading


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GABRIELA BHASKAR/The New York Times News Service
GameStop Corp. rebounded on Friday after several online brokerages allowed investors to buy shares in the video-game retailer again, just a day after Robinhood Markets and other trading platforms limited trading in a number of volatile stocks during a period of extraordinary volatility and market drama.
But the incredible stock-market gyrations, which have captured global fascination with the rising influence of investors in online chat groups, continue to raise questions over the potential impact on broader markets and reaction from U.S. regulators. ....

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Transcripts for KPFK 90.7 FM [Pacifica Radio] KPFK 90.7 FM [Pacifica Radio] 20191218 060000

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