Gen Z investors shift focus from ‘meme-stocks’ to the ‘metaverse,’ report shows

Interest in “meme stocks” has diminished for young investors a year since the GameStop Corp game, Gen Z’s interest is shifting to companies such as electric cars and “metaverse,” according to a report released Friday.

The main component of the Gen Z group – people born after 1996 – in the fourth division was Tesla Inc, according to its quarterly revenue from Apex Fintech Solutions, which provides maintenance and cleaning to brokers such as SoFi, Stash, WeBull, by Marcus of Goldman Sachs Group.

AMC Entertainment dropped from No. 1 in the top 100 for the first time in several episodes, to No. 3, the report analyzed more than 1 million Gen Z accounts held by Apex’s regulatory arm.

GameStop, whose retailers were targeted until last January in a competition urging people to punish short sellers, dropped five drops to No. 11, the report showed. Meme sales with very low noise dropped significantly, with e-commerce platform Wish own, ContextLogic, under 35th place at No. 56 and biopharmaceutical company Ocugen Inc throws 41 spots at No. 91.

The Rivian Automotive Inc electric car, launched in November, launched at No. 44, while Chinese EV maker NIO ranked 8th and Ford Motor Co ranked 19th.

Facebook shares parent Meta Platforms Inc climbed a number of steps up to No. 12, while Roblox climbed 36 spots to 36th.

“There is a lot of interest,” Apex Chief Executive Officer Bill Capuzzi said in an interview. “When more of the NFT companies become public, we will see them enter the top 100.”

Metaverse usually refers to the sites that people share online, often using real or virtual reality.

Payment companies were also popular with small businesses, with Paypal Inc jumping 9 places from Third Party to No. 19, while Block, formerly called Square, was based on No. 25.


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