Cape Town’s own stock exchange. WhatsApp’s massive fine. NZ supermarket attack. Alan Turing the gambler. German heist arrests. Em Rata’s runway return.
The GameStop saga has created a new interest in Reddit’s WallStreetBets and the way that it might be gaming the market.
Last week, it looked like there would be no end to the rise and rise of GameStop stock. Then things went south.
A chain of stores that sell video games are suddenly worth a pretty penny, after a large group of people rallied on Reddit to support its stock and beat back the professionals.
Pierre Naudé may not be a household name in South Africa, but his fintech company is making headlines across the pond in the US.
It appears there is money to be made (and loads of it) in the storage business, with one local company making history yesterday.
It’s true, the days of jetpacks being available to the general public are growing closer. This bloke in New Zealand is at the forefront of the revolution.
Facebook stocks have managed to hit a record-setting figure, putting the company’s value at a new all-time high.
Australian surf brand, Billabong, has declared its flagship brand value to be zero. Four other brands the company now also values at nothing are: Element, Palmers, Beachculture and Amazon.
Facebook is set to float on the stock exchange today and all its early investors must be smiling. One of them, U2’s frontman Bono, has shares worth over $1,5 billion alone. This puts him well above Paul McCartney – currently the world’s richest musician. Who knew devoting your career to charity, world peace, and good causes could be so profitable?
This year Facebook will go public and start to sell shares on the stock exchange. Thanks to all of us, the social network is now worth $100 billion – more than giants such as Google, Disney, Amazon, and McDonald’s. But who is going to pocket all this money? Check out this infographic, detailing which Facebook friends will be getting pieces of the pie, as well as some other interesting facts: