As Meme Stock Mania Fizzles, Wall Street Sees Big Reckoning yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Share:
A bar inspired by Reddit community WallStreetBets has opened its doors in Tokyo and emerged as a place for investors to talk about stocks, Bloomberg reported Wednesday.
What Happened: The tavern dubbed Stock Pickers reportedly came into being in March after a successful crowdfunding endeavor raised more than $50,000.
The establishment is the idea of Satoshi Uehara, a pseudonym used by a popular investing influencer on Twitter.
Young investors are flocking up to meet Uehara but experienced traders are also turning up to offer advice to rookie traders, said Riki Yamauchi, the bar’s public relations manager.
Beverages at the bar include “Margin Call”, “Lehman Shock” and “Abenomics.”
Twitter Inc. (TWTR).
Interest in stocks has seen a boom amid the pandemic. The higher personal savings levels, stimulus checks from the government, and conversations on social media platforms like Reddit encouraged amateur investors to dabble in the stock markets and helped accelerate the retail trading boom. Shares of “meme” stocks such as
GameStop Corp. (NYSE: GME) skyrocketed in January amid the retail trading frenzy earlier this year.
Six years after the launch of Cash App, users can now use the service to trade stocks and Bitcoin (BTC) for free. In March, Square announced a new Cash App feature that allows users to instantly send bitcoin for free on their app. To promote the feature, the company also announced a new contest in which it is giving away $1 million in bitcoin.
Pundi X (NPXS)
NPXS shot up 4,409.95% in the first three months of 2021 at around $0.0077.
This month, the token saw a massive spike thanks to token staking, reduction, and positive sentiment surrounding the altcoin market. Creator and CEO of PundiXLabs confirmed the token reduction and staking news. He also said Decentralized Finance farming was coming.
As scheduled, $npxs token reduction starts late March, followed by (immediately or few days later) token staking. Staking reward is USD100,000 + value weekly for ten weeks.
Someone said it s better to call our staking DeFi farming , so yea Pundi X DeFi farming is comin!
Harmony (ONE)