Generation Z investors are moving from memoirs to the metaverse

Инвеститорите от поколението Z се насочват от мемеакциите към метавселената

Photo: Lam Yik / Bloomberg

Enthusiasm about memoirs gained cult status on social networks – among young investors weakened a year after the stock market madness around GameStop. Generation Z focuses on companies in areas such as electric mobility and the metaverse, according to a report quoted by Reuters.

In the fourth quarter, the largest shareholder share in Generation Z – people born since 1996 – has been at Tesla, according to a quarterly investment forecast by Apex Fintech Solutions, which offers its services to brokers such as SoFi, Stash, WeBull and Marcus of the Goldman Sachs Group.

) For the first time in several quarters, AMC Entertainment is no longer ranked No. 1 in the top 100, ranking third, according to the report, which analyzed the profiles of more than 1 million Generation Z members supported by unit of Apex.

GameStop, whose shares retail investors bought until last January in an attempt fueled by social media to punish short sellers, fell five places to number 11. Memoirs, around which there is less noise, recorded a larger decline. The owner of the online trading platform Wish – ContextLogic, dropped 35 places to 56, and the biopharmaceutical company Ocugen – from 41 to 91.

The startup for electric vehicles Rivian Automotive, which went public in November, debuted at number 44, and Chinese electric car maker NIO reached 8th place. Ford Motor is in 19th place.

Shares of Facebook’s parent company – Meta Platforms, climbed to 12th position, and Roblox climbed 36 places to 36th. on the list.

“There is much more interest in the metaverse,” said Apex CEO Bill Capucci. “As more NFT companies go public, we will probably see them rise to the top 100,” he said.

The metaverse refers to a shared virtual environment to which people have access via the Internet, often using virtual or augmented reality.

Payment companies are also popular with young investors. PayPal, for example, has climbed 9 places from the third quarter to 19th, and Block, formerly called Square, is now number 25.

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