Breakingviews – It’s not so bad being a bubble stock after all
At $310 billion AMTD Digital is worth roughly 10 Twitters , almost four Targets , one-and-a-half Walt Disneys , or three-quarters of a Meta Platforms . The Hong Kong-based digital-platform company, created by local financial-services firm AMTD Idea , is the latest firm whose shares have been fueled by irrationally exuberant investors – be it the meme-stock craze that swept up businesses from GameStop to AMC Entertainment , or other bubble-like market mentalities that gave massive boosts to Robinhood Markets , Microstrategy and the like. Sure, the air has come out of most of the hype – but it was still worth it.

Breakingviews – It’s not so bad being a bubble stock after all

At $310 billion AMTD Digital is worth roughly 10 Twitters , almost four Targets , one-and-a-half Walt Disneys , or three-quarters of a Meta Platforms . The Hong Kong-based digital-platform company, created by local financial-services firm AMTD Idea , is the latest firm whose shares have been fueled by irrationally exuberant investors – be it the meme-stock craze that swept up businesses from GameStop to AMC Entertainment , or other bubble-like market mentalities that gave massive boosts to Robinhood Markets , Microstrategy and the like. Sure, the air has come out of most of the hype – but it was still worth it.

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