A huge crypto scam, housing losses, Pfizer & IPOs

A huge crypto scam, housing losses, Pfizer & IPOs
Squid was a pump-and-dump scheme according to Binance. (Image: Getty)
Brian Gaynor
It has been another frantic week on financial markets with Squid Game crypto tokens soaring more than 70,000%, a residential property trader throwing in the towel after experiencing huge losses, another great Pfizer result, and Allbirds and Vulcan Steel following Rocket Lab and listing on overseas markets.Meanwhile, the NZX has been relatively subdued.Squid Game crypto coinsThe Squid Game (Squid) coin, which had a pre-market launch on Oct 20, is based on Netflix’s Korean language show ‘Squid Game’ about a deadly tournament of...

More Opinion

Carmageddon: to buy shares, or not to
Opinion

Simon Robertson: Carmageddon: to buy shares, or not to

A basic early investing rule: never own airline or car company shares.

Red tape? More scissors, less string please
Opinion

Deb Te Kawa: Red tape? More scissors, less string please

We need a complete rethink of how we approach regulation in Aotearoa New Zealand.

Deb Te Kawa 13 Dec 2024
Is advertising ready for the giant babushka?
Opinion

Kelly Bennett: Is advertising ready for the giant babushka?

Advertising was built on mergers but has not seen anything like IPG and Omnicom joining.

Kelly Bennett 13 Dec 2024
Microsoft’s shiny new NZ datacentre
Opinion

Peter Griffin: Microsoft’s shiny new NZ datacentre

NZ is a sort of experiment demonstrating the role of high-capacity infrastructure.

Peter Griffin 12 Dec 2024