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Facebook, Google face crypto class action
ANNABELLE DICKSON  |  WEDNESDAY, 26 AUG 2020
Sydney-based law firm JPB Liberty has filed a class action against Facebook and Google for the losses suffered by Australian cryptocurrency providers after their bans on cryptocurrency advertising. JPB Liberty is seeking damages for the losses the cryptocurrency ...
ACCC flags dangers of ERS
ELIZABETH MCARTHUR  |  WEDNESDAY, 19 AUG 2020
... apply for early release of super, the scams can be convincing. Rickard recalls one scam which recently went around on Facebook and Instagram. The scammers created a convincing graphic claiming that Coles, Woolworths and Aldi wanted to help people suffering ...
Take your CAPE ratio with a grain of salt
ALLY SELBY  |  MONDAY, 17 AUG 2020
... low, people are willing to pay an elevated price for earnings." Garrett agrees, arguing the tech titans; the likes of Facebook, Google, Amazon and Netflix, are growing significantly faster than their value peers. "So it makes sense that the CAPE ratio ...
Watchdog warns of celebrity-endorsed bitcoin scams
ALLY SELBY  |  THURSDAY, 30 JUL 2020
... ASIC said. "These websites are advertised using fake celebrity endorsements, which appear on social media sites such as Facebook, Instagram, LinkedIn and Twitter," the watchdog said. "When an investor clicks on the article or ad, they are often sent ...
State Street warns of dot-com parallels
ALLY SELBY  |  WEDNESDAY, 22 JUL 2020
... comparison, the NASDAQ 100 Index, which includes heavyweights Microsoft, Apple, Amazon, Alphabet (Google's parent company) and Facebook, has rallied 55.7% since the COVID-19 financial crash. "We have observed many parallels to the dot-com period, when ...
Bezos adds billions
ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
... owe their wealth to the technology sector, including Elon Musk, whose fortune has soared US$47 billion so far in 2020. Facebook chief executive Mark Zuckerberg has added almost US$15 billion to his net worth this year, even as the company faces backlash ...
Xinja dabbles in US stocks
ANNABELLE DICKSON  |  WEDNESDAY, 22 JUL 2020
... investors access to over 3000 stocks and exchange traded funds (ETFs). Xinja claims Dabble will make names like Tesla, Facebook, Google and Amazon accessible and affordable to all investors with zero brokerage fees, $8 monthly subscription fee for unlimited ...
New player in geared, index-shorting ETFs
KANIKA SOOD  |  TUESDAY, 7 JUL 2020
... S&P 500 and ASX 200 where BetaShares' products dominate, but they focus on US tech darlings like Tesla, Apple and Facebook which are increasingly among the most-traded global stocks by Australian investors. "We were short on a leveraged product [and] ...
Top traded stocks revealed
ALLY SELBY  |  TUESDAY, 7 JUL 2020
... cap stocks popular among Aussie investors on the platform include Boeing, with trading activity up 372% during June, Facebook (up 330%), Hertz (up 916%), Amazon (up 602%), Microsoft (up 455%), American Airlines Group (up 545%) and Disney (up 158%).
Investment scams pry $126m from Aussie hands
ALLY SELBY  |  MONDAY, 22 JUN 2020
... year, with men more likely to fall for a scam than their female counterparts. In particular, investment scammers targeted Facebook and Instagram users with promises of "get rich quick" schemes and cryptocurrency scams, the ACCC said. Common techniques ...
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