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Reddit Investors Baffled After Tech Company's Stock Explodes 32,000% for No Reason
On Tuesday, a Hong Kong-based tech company's stock price skyrocketed by more than 32,000 percent after it went public in mid-July, from $7.80 to a high of $2,555 per share on Tuesday. nobody, not even the company itself, knows why. The company has had no important announcements and its description of what it does is a jumble of buzzwords. AMTD Digital’s website bills the company as the "fusion reactor at the core of the AMTD SpiderNet ecosystem,” with a press release announcing that AMTD SpiderNet was going to be part of a metaverse project to host fintech startups. Beyond that, the company's website lists ... (full story)
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