Gen Z investors are ditching meme stocks for the metaverse

Enthusiasm around meme stocks has eased for young investors a year on from the GameStop trading frenzy, with Gen Z’s attention shifting to companies in areas such as electric vehicles and the metaverse, according to a new report.

The top stock holding among the Gen Z cohort — people born after 1996 — in the fourth quarter was Tesla, according to the quarterly investor outlook from Apex Fintech Solutions, which provides custody and clearing services for brokers like SoFi, Stash, WeBull and Goldman Sachs Group’s Marcus...A subscription gives you full digital access to all Sunday Times content.Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.

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Walmart is the next big company with metaverse plans – and its own cryptocurrencyThe big-box American retailer filed trademark applications in late December to create its own cryptocurrency and NFTs.
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