Alibaba stocks have been hammered amid fears that it could be de-listed in America.
The SEC adopted a law that threatens to remove companies from the stock exchange unless they comply with American auditing standards.
Meanwhile, trade union Unite is setting up a hotline for Amazon staff to complain about their treatment at work. Will this put a halt to the company’s recent popularity?
Furthermore, as optimism rises over a potential global economic recovery from the pandemic, investors may look to rotate their portfolios away from tech, and into other areas such as stocks that gain as the economy recovers.
Timestamps:
– BABA 02:10
– AMZN 04:05
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