SUBSCRIBERS

Retail investors temper optimism, but interest in meme stocks remains high 

Yong Jun Yuan
Published Tue, Aug 16, 2022 · 05:50 AM

WANING optimism among retail investors is pulling capital out of higher-risk equities and crypto platforms, and into steady stocks. But some brokerages report continued interest in high-profile meme stocks.

This mixed picture is being played out in the US markets, where retail brokerage Robinhood Markets announced earlier this month it is laying off almost a quarter of its workforce as its active user base shrinks. Cryptocurrency exchange Coinbase last week reported a US$1.1 billion second-quarter loss, as retail trading fell.

On the other hand, retail traders have recently p…

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

VIEW ALL

KEYWORDS IN THIS ARTICLE

READ MORE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here