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EToro remains on track to hit forecasts under conservative growth estimates

Fintech Correspondent

Fading frenzied demand for meme stocks and cryptocurrencies in the second quarter led user growth rates to decline sharply at online brokerage eToro, as the firm was hit by losses ahead of its planned public debut.

The digital trading firm reported 2.6 million new registered users between April and June, slowing from growth of 3 million new users in the first quarter of 2021.

Loss hits eToro amid slowed user growth on fading GameStop hype

Fading GameStop and crypto hype sees tapered user growth at eToro

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Find out who is on the move in the City and beyond this week

Sidley Austin raids Latham & Watkins for 10-lawyer team in London

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CDPQ hires Sharon White to lead push in Europe

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Former chair of the John Lewis Partnership is joining the Canadian pension fund giant early next year

One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.

GQG Launches Buyback After Stock Tumbles on Adani Probe

The president-elect floated the idea during a Wednesday meeting with the former Fed governor.

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The U.S. auditing watchdog voted to require certain audit firms to disclose eight new metrics ranging from auditor turnover to partner involvement and restatement history.

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.

Nvidia Is on Top but Does It Have Anywhere to Go but Down?

Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade

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