Reddit-Fueled Penny Stock’s 6,400% Rally Reversing in Sydney

Bloomberg2021-04-08

(Bloomberg) --The Reddit meme stock fizzle is roiling an Australian penny stock.IOUpay Ltd., a fintech firm that went into overdrive on a social media-backed retail trading frenzy, has plummeted in ...

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精彩评论

xoxoll
2021-04-08
xoxoll
Like aNd commEnt pleaSe
- Acella:
  😀
Navybean
2021-04-08
Navybean
Amazing - surged 6400%!
- redbean:
  👍🏼
- xoxoll:
  Like aNd commEnt pleaSe
- Navybean:
  Ok
awry
2021-04-08
awry
Please like. Thank you.
- xoxoll:
  Like aNd commEnt pleaSe
francis3
2021-04-08
francis3
May be good to try buying in Aus stock
- xoxoll:
  Like aNd commEnt pleaSe
albert77
2021-04-08
albert77
Pump more no limit
PKK
2021-04-08
PKK
Naise
- 7415988b:
  nail naise

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The stock is set for more declines as the firm’s newly launched buy-now-pay-later services -- which allows customers to purchase goods and then pay for them in installments -- faces intensified competition in Southeast Asia from larger Australian rival Afterpay Ltd., say analysts.IOUpay had drawn comparisons to U.S. videogame retailer GameStop Corp. after surging 6,400% in the past year as it has been the subject of several discussion threads on Reddit. The Reddit-fueled day-trading crowd turned the first quarter of 2021 into one of the wildest periods of stock market frenzy in modern history. 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The stock is set for more declines as the firm’s newly launched buy-now-pay-later services -- which allows customers to purchase goods and then pay for them in installments -- faces intensified competition in Southeast Asia from larger Australian rival Afterpay Ltd., say analysts.</p><p>IOUpay had drawn comparisons to U.S. videogame retailer GameStop Corp. after surging 6,400% in the past year as it has been the subject of several discussion threads on Reddit. The Reddit-fueled day-trading crowd turned the first quarter of 2021 into one of the wildest periods of stock market frenzy in modern history. Despite a more than 40% slump since mid-February, IOUpay remains Asia’s top-performing interactive media and services stock over the past year.</p><p>“We may see the price subdued for a long period of time as retail investors get bored waiting and sell out to find something more exciting,” said Carl Capolingua, an analyst at online brokerage ThinkMarkets Australia Ltd. “The question will be if they can get traction in the Asian markets they’re targeting before the bigger players come in.”</p><p>Shares of the digital transactions processor rose as much as 5.1% on Thursday before paring gains.</p><p>Last year, larger rival Afterpay acquired Singapore-based business EmpatKali, a payment solutions provider operating in Indonesia, signaling plans to expand in Southeast Asia.</p><p>The wild ride by IOUpay, which lists Standard Chartered Plc and Citigroup Inc. as its clients, began in June after it was touted by investors on Reddit. Its shares continued gaining on a “buy now, pay later” deal with Malaysian online marketplace Easystore. That partnership inked in February sparked a more than 200% rally in its stock over a three-day period.</p><p>(Adds stock performance in the fifth paragraph.)</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reddit-Fueled Penny Stock’s 6,400% Rally Reversing in Sydney</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReddit-Fueled Penny Stock’s 6,400% Rally Reversing in Sydney\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-08 10:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/6-400-reddit-fueled-penny-190000019.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --The Reddit meme stock fizzle is roiling an Australian penny stock.IOUpay Ltd., a fintech firm that went into overdrive on a social media-backed retail trading frenzy, has plummeted in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/6-400-reddit-fueled-penny-190000019.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/6-400-reddit-fueled-penny-190000019.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157090227","content_text":"(Bloomberg) --The Reddit meme stock fizzle is roiling an Australian penny stock.IOUpay Ltd., a fintech firm that went into overdrive on a social media-backed retail trading frenzy, has plummeted in the past two months. The stock is set for more declines as the firm’s newly launched buy-now-pay-later services -- which allows customers to purchase goods and then pay for them in installments -- faces intensified competition in Southeast Asia from larger Australian rival Afterpay Ltd., say analysts.IOUpay had drawn comparisons to U.S. videogame retailer GameStop Corp. after surging 6,400% in the past year as it has been the subject of several discussion threads on Reddit. The Reddit-fueled day-trading crowd turned the first quarter of 2021 into one of the wildest periods of stock market frenzy in modern history. Despite a more than 40% slump since mid-February, IOUpay remains Asia’s top-performing interactive media and services stock over the past year.“We may see the price subdued for a long period of time as retail investors get bored waiting and sell out to find something more exciting,” said Carl Capolingua, an analyst at online brokerage ThinkMarkets Australia Ltd. “The question will be if they can get traction in the Asian markets they’re targeting before the bigger players come in.”Shares of the digital transactions processor rose as much as 5.1% on Thursday before paring gains.Last year, larger rival Afterpay acquired Singapore-based business EmpatKali, a payment solutions provider operating in Indonesia, signaling plans to expand in Southeast Asia.The wild ride by IOUpay, which lists Standard Chartered Plc and Citigroup Inc. as its clients, began in June after it was touted by investors on Reddit. Its shares continued gaining on a “buy now, pay later” deal with Malaysian online marketplace Easystore. That partnership inked in February sparked a more than 200% rally in its stock over a three-day period.(Adds stock performance in the fifth paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3984667,"gmtCreate":1617854979303,"gmtModify":1635742333547,"authorId":3560049684041165,"author":{"id":3560049684041165,"idStr":"3560049684041165","authorId":3560049684041165,"name":"redbean","avatar":"https://static.tigerbbs.com/4c4b9022f28e75fac7cef2adc0d76af8","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":341794100,"type":1,"supId":0,"prevId":0,"content":"👍🏼","text":"👍🏼","html":"👍🏼"},{"id":3985164,"gmtCreate":1617859157163,"gmtModify":1635742292521,"authorId":3572249185724220,"author":{"id":3572249185724220,"idStr":"3572249185724220","authorId":3572249185724220,"name":"xoxoll","avatar":"https://static.tigerbbs.com/8ed65c2962af2a6fbd414f4d6fe9e378","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":341794100,"type":1,"supId":0,"prevId":0,"content":"Like aNd commEnt pleaSe","text":"Like aNd commEnt pleaSe","html":"Like aNd commEnt pleaSe"},{"id":3985296,"gmtCreate":1617861161930,"gmtModify":1635742284674,"authorId":3563946272109058,"author":{"id":3563946272109058,"idStr":"3563946272109058","authorId":3563946272109058,"name":"Navybean","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":341794100,"type":1,"supId":3985164,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":341790218,"gmtCreate":1617853080234,"gmtModify":1634296138216,"author":{"id":"3559787708786439","authorId":"3559787708786439","name":"awry","avatar":"https://static.tigerbbs.com/beaaff35b5c76aaac37d9a6c59595a7e","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3559787708786439","authorIdStr":"3559787708786439"},"htmlText":"Please like. Thank you.&nbsp;","listText":"Please like. Thank you.&nbsp;","text":"Please like. Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/341790218","repostId":1157090227,"repostType":4,"repost":{"id":"1157090227","pubTimestamp":1617848804,"share":"https://www.laohu8.com/m/news/1157090227?lang=&edition=full","pubTime":"2021-04-08 10:26","market":"us","language":"en","title":"Reddit-Fueled Penny Stock’s 6,400% Rally Reversing in Sydney","url":"https://stock-news.laohu8.com/highlight/detail?id=1157090227","media":"Bloomberg","summary":"(Bloomberg) --The Reddit meme stock fizzle is roiling an Australian penny stock.IOUpay Ltd., a finte","content":"<p>(Bloomberg) --The Reddit meme stock fizzle is roiling an Australian penny stock.</p><p>IOUpay Ltd., a fintech firm that went into overdrive on a social media-backed retail trading frenzy, has plummeted in the past two months. The stock is set for more declines as the firm’s newly launched buy-now-pay-later services -- which allows customers to purchase goods and then pay for them in installments -- faces intensified competition in Southeast Asia from larger Australian rival Afterpay Ltd., say analysts.</p><p>IOUpay had drawn comparisons to U.S. videogame retailer GameStop Corp. after surging 6,400% in the past year as it has been the subject of several discussion threads on Reddit. The Reddit-fueled day-trading crowd turned the first quarter of 2021 into one of the wildest periods of stock market frenzy in modern history. Despite a more than 40% slump since mid-February, IOUpay remains Asia’s top-performing interactive media and services stock over the past year.</p><p>“We may see the price subdued for a long period of time as retail investors get bored waiting and sell out to find something more exciting,” said Carl Capolingua, an analyst at online brokerage ThinkMarkets Australia Ltd. “The question will be if they can get traction in the Asian markets they’re targeting before the bigger players come in.”</p><p>Shares of the digital transactions processor rose as much as 5.1% on Thursday before paring gains.</p><p>Last year, larger rival Afterpay acquired Singapore-based business EmpatKali, a payment solutions provider operating in Indonesia, signaling plans to expand in Southeast Asia.</p><p>The wild ride by IOUpay, which lists Standard Chartered Plc and Citigroup Inc. as its clients, began in June after it was touted by investors on Reddit. Its shares continued gaining on a “buy now, pay later” deal with Malaysian online marketplace Easystore. That partnership inked in February sparked a more than 200% rally in its stock over a three-day period.</p><p>(Adds stock performance in the fifth paragraph.)</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reddit-Fueled Penny Stock’s 6,400% Rally Reversing in Sydney</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReddit-Fueled Penny Stock’s 6,400% Rally Reversing in Sydney\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-08 10:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/6-400-reddit-fueled-penny-190000019.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --The Reddit meme stock fizzle is roiling an Australian penny stock.IOUpay Ltd., a fintech firm that went into overdrive on a social media-backed retail trading frenzy, has plummeted in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/6-400-reddit-fueled-penny-190000019.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/6-400-reddit-fueled-penny-190000019.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157090227","content_text":"(Bloomberg) --The Reddit meme stock fizzle is roiling an Australian penny stock.IOUpay Ltd., a fintech firm that went into overdrive on a social media-backed retail trading frenzy, has plummeted in the past two months. The stock is set for more declines as the firm’s newly launched buy-now-pay-later services -- which allows customers to purchase goods and then pay for them in installments -- faces intensified competition in Southeast Asia from larger Australian rival Afterpay Ltd., say analysts.IOUpay had drawn comparisons to U.S. videogame retailer GameStop Corp. after surging 6,400% in the past year as it has been the subject of several discussion threads on Reddit. The Reddit-fueled day-trading crowd turned the first quarter of 2021 into one of the wildest periods of stock market frenzy in modern history. Despite a more than 40% slump since mid-February, IOUpay remains Asia’s top-performing interactive media and services stock over the past year.“We may see the price subdued for a long period of time as retail investors get bored waiting and sell out to find something more exciting,” said Carl Capolingua, an analyst at online brokerage ThinkMarkets Australia Ltd. “The question will be if they can get traction in the Asian markets they’re targeting before the bigger players come in.”Shares of the digital transactions processor rose as much as 5.1% on Thursday before paring gains.Last year, larger rival Afterpay acquired Singapore-based business EmpatKali, a payment solutions provider operating in Indonesia, signaling plans to expand in Southeast Asia.The wild ride by IOUpay, which lists Standard Chartered Plc and Citigroup Inc. as its clients, began in June after it was touted by investors on Reddit. Its shares continued gaining on a “buy now, pay later” deal with Malaysian online marketplace Easystore. That partnership inked in February sparked a more than 200% rally in its stock over a three-day period.(Adds stock performance in the fifth paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3985166,"gmtCreate":1617859164759,"gmtModify":1635742292303,"authorId":3572249185724220,"author":{"id":3572249185724220,"idStr":"3572249185724220","authorId":3572249185724220,"name":"xoxoll","avatar":"https://static.tigerbbs.com/8ed65c2962af2a6fbd414f4d6fe9e378","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":341790218,"type":1,"supId":0,"prevId":0,"content":"Like aNd commEnt pleaSe","text":"Like aNd commEnt pleaSe","html":"Like aNd commEnt pleaSe"}],"langContent":"EN"},{"id":341702784,"gmtCreate":1617852737748,"gmtModify":1634296140911,"author":{"id":"3546933005981745","authorId":"3546933005981745","name":"francis3","avatar":"https://static.tigerbbs.com/5a5e1b786e43023ae6f9a0dc560e3dd6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3546933005981745","authorIdStr":"3546933005981745"},"htmlText":"May be good to try buying in Aus stock","listText":"May be good to try buying in Aus stock","text":"May be good to try buying in Aus stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/341702784","repostId":1157090227,"repostType":4,"repost":{"id":"1157090227","pubTimestamp":1617848804,"share":"https://www.laohu8.com/m/news/1157090227?lang=&edition=full","pubTime":"2021-04-08 10:26","market":"us","language":"en","title":"Reddit-Fueled Penny Stock’s 6,400% Rally Reversing in Sydney","url":"https://stock-news.laohu8.com/highlight/detail?id=1157090227","media":"Bloomberg","summary":"(Bloomberg) --The Reddit meme stock fizzle is roiling an Australian penny stock.IOUpay Ltd., a finte","content":"<p>(Bloomberg) --The Reddit meme stock fizzle is roiling an Australian penny stock.</p><p>IOUpay Ltd., a fintech firm that went into overdrive on a social media-backed retail trading frenzy, has plummeted in the past two months. The stock is set for more declines as the firm’s newly launched buy-now-pay-later services -- which allows customers to purchase goods and then pay for them in installments -- faces intensified competition in Southeast Asia from larger Australian rival Afterpay Ltd., say analysts.</p><p>IOUpay had drawn comparisons to U.S. videogame retailer GameStop Corp. after surging 6,400% in the past year as it has been the subject of several discussion threads on Reddit. The Reddit-fueled day-trading crowd turned the first quarter of 2021 into one of the wildest periods of stock market frenzy in modern history. Despite a more than 40% slump since mid-February, IOUpay remains Asia’s top-performing interactive media and services stock over the past year.</p><p>“We may see the price subdued for a long period of time as retail investors get bored waiting and sell out to find something more exciting,” said Carl Capolingua, an analyst at online brokerage ThinkMarkets Australia Ltd. “The question will be if they can get traction in the Asian markets they’re targeting before the bigger players come in.”</p><p>Shares of the digital transactions processor rose as much as 5.1% on Thursday before paring gains.</p><p>Last year, larger rival Afterpay acquired Singapore-based business EmpatKali, a payment solutions provider operating in Indonesia, signaling plans to expand in Southeast Asia.</p><p>The wild ride by IOUpay, which lists Standard Chartered Plc and Citigroup Inc. as its clients, began in June after it was touted by investors on Reddit. Its shares continued gaining on a “buy now, pay later” deal with Malaysian online marketplace Easystore. That partnership inked in February sparked a more than 200% rally in its stock over a three-day period.</p><p>(Adds stock performance in the fifth paragraph.)</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reddit-Fueled Penny Stock’s 6,400% Rally Reversing in Sydney</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReddit-Fueled Penny Stock’s 6,400% Rally Reversing in Sydney\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-08 10:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/6-400-reddit-fueled-penny-190000019.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --The Reddit meme stock fizzle is roiling an Australian penny stock.IOUpay Ltd., a fintech firm that went into overdrive on a social media-backed retail trading frenzy, has plummeted in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/6-400-reddit-fueled-penny-190000019.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/6-400-reddit-fueled-penny-190000019.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157090227","content_text":"(Bloomberg) --The Reddit meme stock fizzle is roiling an Australian penny stock.IOUpay Ltd., a fintech firm that went into overdrive on a social media-backed retail trading frenzy, has plummeted in the past two months. The stock is set for more declines as the firm’s newly launched buy-now-pay-later services -- which allows customers to purchase goods and then pay for them in installments -- faces intensified competition in Southeast Asia from larger Australian rival Afterpay Ltd., say analysts.IOUpay had drawn comparisons to U.S. videogame retailer GameStop Corp. after surging 6,400% in the past year as it has been the subject of several discussion threads on Reddit. The Reddit-fueled day-trading crowd turned the first quarter of 2021 into one of the wildest periods of stock market frenzy in modern history. Despite a more than 40% slump since mid-February, IOUpay remains Asia’s top-performing interactive media and services stock over the past year.“We may see the price subdued for a long period of time as retail investors get bored waiting and sell out to find something more exciting,” said Carl Capolingua, an analyst at online brokerage ThinkMarkets Australia Ltd. “The question will be if they can get traction in the Asian markets they’re targeting before the bigger players come in.”Shares of the digital transactions processor rose as much as 5.1% on Thursday before paring gains.Last year, larger rival Afterpay acquired Singapore-based business EmpatKali, a payment solutions provider operating in Indonesia, signaling plans to expand in Southeast Asia.The wild ride by IOUpay, which lists Standard Chartered Plc and Citigroup Inc. as its clients, began in June after it was touted by investors on Reddit. Its shares continued gaining on a “buy now, pay later” deal with Malaysian online marketplace Easystore. That partnership inked in February sparked a more than 200% rally in its stock over a three-day period.(Adds stock performance in the fifth paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3985167,"gmtCreate":1617859170833,"gmtModify":1635742292195,"authorId":3572249185724220,"author":{"id":3572249185724220,"idStr":"3572249185724220","authorId":3572249185724220,"name":"xoxoll","avatar":"https://static.tigerbbs.com/8ed65c2962af2a6fbd414f4d6fe9e378","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":341702784,"type":1,"supId":0,"prevId":0,"content":"Like aNd commEnt pleaSe","text":"Like aNd commEnt pleaSe","html":"Like aNd commEnt pleaSe"}],"langContent":"EN"},{"id":341446622,"gmtCreate":1617850750666,"gmtModify":1634296152358,"author":{"id":"3575421087208890","authorId":"3575421087208890","name":"albert77","avatar":"https://static.tigerbbs.com/23ad8bf74e09800b779350089d72b84f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575421087208890","authorIdStr":"3575421087208890"},"htmlText":"Pump more no limit","listText":"Pump more no limit","text":"Pump more no limit","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/341446622","repostId":1157090227,"repostType":4,"repost":{"id":"1157090227","pubTimestamp":1617848804,"share":"https://www.laohu8.com/m/news/1157090227?lang=&edition=full","pubTime":"2021-04-08 10:26","market":"us","language":"en","title":"Reddit-Fueled Penny Stock’s 6,400% Rally Reversing in Sydney","url":"https://stock-news.laohu8.com/highlight/detail?id=1157090227","media":"Bloomberg","summary":"(Bloomberg) --The Reddit meme stock fizzle is roiling an Australian penny stock.IOUpay Ltd., a finte","content":"<p>(Bloomberg) --The Reddit meme stock fizzle is roiling an Australian penny stock.</p><p>IOUpay Ltd., a fintech firm that went into overdrive on a social media-backed retail trading frenzy, has plummeted in the past two months. The stock is set for more declines as the firm’s newly launched buy-now-pay-later services -- which allows customers to purchase goods and then pay for them in installments -- faces intensified competition in Southeast Asia from larger Australian rival Afterpay Ltd., say analysts.</p><p>IOUpay had drawn comparisons to U.S. videogame retailer GameStop Corp. after surging 6,400% in the past year as it has been the subject of several discussion threads on Reddit. The Reddit-fueled day-trading crowd turned the first quarter of 2021 into one of the wildest periods of stock market frenzy in modern history. Despite a more than 40% slump since mid-February, IOUpay remains Asia’s top-performing interactive media and services stock over the past year.</p><p>“We may see the price subdued for a long period of time as retail investors get bored waiting and sell out to find something more exciting,” said Carl Capolingua, an analyst at online brokerage ThinkMarkets Australia Ltd. “The question will be if they can get traction in the Asian markets they’re targeting before the bigger players come in.”</p><p>Shares of the digital transactions processor rose as much as 5.1% on Thursday before paring gains.</p><p>Last year, larger rival Afterpay acquired Singapore-based business EmpatKali, a payment solutions provider operating in Indonesia, signaling plans to expand in Southeast Asia.</p><p>The wild ride by IOUpay, which lists Standard Chartered Plc and Citigroup Inc. as its clients, began in June after it was touted by investors on Reddit. Its shares continued gaining on a “buy now, pay later” deal with Malaysian online marketplace Easystore. That partnership inked in February sparked a more than 200% rally in its stock over a three-day period.</p><p>(Adds stock performance in the fifth paragraph.)</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reddit-Fueled Penny Stock’s 6,400% Rally Reversing in Sydney</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReddit-Fueled Penny Stock’s 6,400% Rally Reversing in Sydney\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-08 10:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/6-400-reddit-fueled-penny-190000019.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --The Reddit meme stock fizzle is roiling an Australian penny stock.IOUpay Ltd., a fintech firm that went into overdrive on a social media-backed retail trading frenzy, has plummeted in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/6-400-reddit-fueled-penny-190000019.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/6-400-reddit-fueled-penny-190000019.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157090227","content_text":"(Bloomberg) --The Reddit meme stock fizzle is roiling an Australian penny stock.IOUpay Ltd., a fintech firm that went into overdrive on a social media-backed retail trading frenzy, has plummeted in the past two months. The stock is set for more declines as the firm’s newly launched buy-now-pay-later services -- which allows customers to purchase goods and then pay for them in installments -- faces intensified competition in Southeast Asia from larger Australian rival Afterpay Ltd., say analysts.IOUpay had drawn comparisons to U.S. videogame retailer GameStop Corp. after surging 6,400% in the past year as it has been the subject of several discussion threads on Reddit. The Reddit-fueled day-trading crowd turned the first quarter of 2021 into one of the wildest periods of stock market frenzy in modern history. Despite a more than 40% slump since mid-February, IOUpay remains Asia’s top-performing interactive media and services stock over the past year.“We may see the price subdued for a long period of time as retail investors get bored waiting and sell out to find something more exciting,” said Carl Capolingua, an analyst at online brokerage ThinkMarkets Australia Ltd. “The question will be if they can get traction in the Asian markets they’re targeting before the bigger players come in.”Shares of the digital transactions processor rose as much as 5.1% on Thursday before paring gains.Last year, larger rival Afterpay acquired Singapore-based business EmpatKali, a payment solutions provider operating in Indonesia, signaling plans to expand in Southeast Asia.The wild ride by IOUpay, which lists Standard Chartered Plc and Citigroup Inc. as its clients, began in June after it was touted by investors on Reddit. Its shares continued gaining on a “buy now, pay later” deal with Malaysian online marketplace Easystore. That partnership inked in February sparked a more than 200% rally in its stock over a three-day period.(Adds stock performance in the fifth paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":341446015,"gmtCreate":1617850713337,"gmtModify":1634296152600,"author":{"id":"3569284910665387","authorId":"3569284910665387","name":"PKK","avatar":"https://static.tigerbbs.com/41f14a1f96fe8ea10f7149244bb4a97a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3569284910665387","authorIdStr":"3569284910665387"},"htmlText":"Naise","listText":"Naise","text":"Naise","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/341446015","repostId":1157090227,"repostType":4,"repost":{"id":"1157090227","pubTimestamp":1617848804,"share":"https://www.laohu8.com/m/news/1157090227?lang=&edition=full","pubTime":"2021-04-08 10:26","market":"us","language":"en","title":"Reddit-Fueled Penny Stock’s 6,400% Rally Reversing in Sydney","url":"https://stock-news.laohu8.com/highlight/detail?id=1157090227","media":"Bloomberg","summary":"(Bloomberg) --The Reddit meme stock fizzle is roiling an Australian penny stock.IOUpay Ltd., a finte","content":"<p>(Bloomberg) --The Reddit meme stock fizzle is roiling an Australian penny stock.</p><p>IOUpay Ltd., a fintech firm that went into overdrive on a social media-backed retail trading frenzy, has plummeted in the past two months. The stock is set for more declines as the firm’s newly launched buy-now-pay-later services -- which allows customers to purchase goods and then pay for them in installments -- faces intensified competition in Southeast Asia from larger Australian rival Afterpay Ltd., say analysts.</p><p>IOUpay had drawn comparisons to U.S. videogame retailer GameStop Corp. after surging 6,400% in the past year as it has been the subject of several discussion threads on Reddit. The Reddit-fueled day-trading crowd turned the first quarter of 2021 into one of the wildest periods of stock market frenzy in modern history. Despite a more than 40% slump since mid-February, IOUpay remains Asia’s top-performing interactive media and services stock over the past year.</p><p>“We may see the price subdued for a long period of time as retail investors get bored waiting and sell out to find something more exciting,” said Carl Capolingua, an analyst at online brokerage ThinkMarkets Australia Ltd. “The question will be if they can get traction in the Asian markets they’re targeting before the bigger players come in.”</p><p>Shares of the digital transactions processor rose as much as 5.1% on Thursday before paring gains.</p><p>Last year, larger rival Afterpay acquired Singapore-based business EmpatKali, a payment solutions provider operating in Indonesia, signaling plans to expand in Southeast Asia.</p><p>The wild ride by IOUpay, which lists Standard Chartered Plc and Citigroup Inc. as its clients, began in June after it was touted by investors on Reddit. Its shares continued gaining on a “buy now, pay later” deal with Malaysian online marketplace Easystore. That partnership inked in February sparked a more than 200% rally in its stock over a three-day period.</p><p>(Adds stock performance in the fifth paragraph.)</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reddit-Fueled Penny Stock’s 6,400% Rally Reversing in Sydney</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReddit-Fueled Penny Stock’s 6,400% Rally Reversing in Sydney\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-08 10:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/6-400-reddit-fueled-penny-190000019.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --The Reddit meme stock fizzle is roiling an Australian penny stock.IOUpay Ltd., a fintech firm that went into overdrive on a social media-backed retail trading frenzy, has plummeted in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/6-400-reddit-fueled-penny-190000019.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/6-400-reddit-fueled-penny-190000019.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157090227","content_text":"(Bloomberg) --The Reddit meme stock fizzle is roiling an Australian penny stock.IOUpay Ltd., a fintech firm that went into overdrive on a social media-backed retail trading frenzy, has plummeted in the past two months. The stock is set for more declines as the firm’s newly launched buy-now-pay-later services -- which allows customers to purchase goods and then pay for them in installments -- faces intensified competition in Southeast Asia from larger Australian rival Afterpay Ltd., say analysts.IOUpay had drawn comparisons to U.S. videogame retailer GameStop Corp. after surging 6,400% in the past year as it has been the subject of several discussion threads on Reddit. The Reddit-fueled day-trading crowd turned the first quarter of 2021 into one of the wildest periods of stock market frenzy in modern history. Despite a more than 40% slump since mid-February, IOUpay remains Asia’s top-performing interactive media and services stock over the past year.“We may see the price subdued for a long period of time as retail investors get bored waiting and sell out to find something more exciting,” said Carl Capolingua, an analyst at online brokerage ThinkMarkets Australia Ltd. “The question will be if they can get traction in the Asian markets they’re targeting before the bigger players come in.”Shares of the digital transactions processor rose as much as 5.1% on Thursday before paring gains.Last year, larger rival Afterpay acquired Singapore-based business EmpatKali, a payment solutions provider operating in Indonesia, signaling plans to expand in Southeast Asia.The wild ride by IOUpay, which lists Standard Chartered Plc and Citigroup Inc. as its clients, began in June after it was touted by investors on Reddit. Its shares continued gaining on a “buy now, pay later” deal with Malaysian online marketplace Easystore. That partnership inked in February sparked a more than 200% rally in its stock over a three-day period.(Adds stock performance in the fifth paragraph.)","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3984210,"gmtCreate":1617850757209,"gmtModify":1635742364313,"authorId":3560673766995251,"author":{"id":3560673766995251,"idStr":"3560673766995251","authorId":3560673766995251,"name":"7415988b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":341446015,"type":1,"supId":0,"prevId":0,"content":"nail naise","text":"nail naise","html":"nail naise"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":41,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1157090227"}