Inside Facebook's NZ investor groups

Facebook investor groups have exploded in popularity. The Sharesies’ Share Club has about 44,000 users.

Fri, 19 Feb 2021

Online retail investors have become a very big deal over the past year. As demonstrated in recent weeks when millions teamed up to ‘take on Wall Street’ with the GameStop trade. A trade in which some New Zealanders made, and lost, a lot of money. The swathes of new traders have been praised for “democratising” financial markets, but also held up as a sign the equity market is running too hot. Even while these traders gather in Facebook groups to swap...

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