March 29, 2024
Investors

Reddit warns IPO investors about its own users, so could meme-stock mania return?

Reddit, the community-based social media platform, filed its long-awaited IPO prospectus last week, which included some unique risks that revive memories of meme-stock mania from the height of the pandemic. The site hosts thousands of niche discussion groups, which are set up and moderated by volunteers. In a nod to the community’s role in maintaining

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Investors

Investors flock back to equities as regulators mull interest rate cuts

Investors have put their faith in equities in anticipation of interest rate cuts later this year, with inflows to the asset class surging to £2.01 bn ($2.53 bn) in January. This influx was primarily driven by a surge in buying interest, according to the Calastone Global Fund Flows Report. Its authors also find that the

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Finance

Finance bosses snub Davos as ‘conference fatigue’ sets in

Leading figures in the financial sector are shunning Davos this year, as the World Economic Forum fights to compete with a growing number of rival conferences around the world. Bank of England governor Andrew Bailey, Dame Anne Richards of Fidelity International, John Studzinski of Pimco and Hendrik du Toit of Ninety One have all opted

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