The problem is that Australia doesn't have a large enough financial social media base to influence the share prices of multi-billion dollar companies.
The US does simply because of their overall population size. Plus the majority of the world's investors also trade on the US markets. So any media attention on share price manipulation by social media, has the snow ball effect of increasing the influence the more the news story spreads throughout the world.
Australian shares don't have heaps of US investors or world wide investors. ASX_bets is a complete joke. They have almost no media following compared to WSB.
If Zip is US listed, that could change things though and it might become a WSB target I suppose.
Social Media campaign to burn shorts, page-3
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Last
$1.70 |
Change
-0.090(5.04%) |
Mkt cap ! $1.951B | |||
| Open | High | Low | Value | Volume |
| $1.74 | $1.78 | $1.69 | $129.7M | 75.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 93847 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 556968 | 2 |
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| ZIP (ASX) Chart |