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New Hong Kong Stock Makes GameStop Tame


Step aside, GameStop and AMC. A new billion-dollar stock market bubble makes meme stocks of yesteryear look like child’s play.

The market value of fintech Digital AMTD controlled by a Hong Kong-based financial institution, briefly eclipsed Facebook’s parent company Metaplatforms this week, after the share price rose more than 300x since it listed in New York three weeks ago. The bubble has started to deflate in recent days, but the company still has a market capitalization of $148 billion, more than Goldman Sachs.


Wj

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