(Adds more detail)

LONDON, Feb 3 (Reuters) – Regulators are monitoring how a surge in retail investors and online brokers during the COVID-19 pandemic risks creating bubbles inflated by social media, France’s AMF markets watchdog said on Wednesday.

Robert Ophele, chair of AMF, said the trading frenzy, fuelled by posts on the Reddit forum and surge in bitcoin prices, has shown how technology and social media can combine to bring irrationality to financial markets.

In a far-reaching evolution, online brokers and chat sites offer new and younger retail investors cheap access to markets, Ophele said.

“Empowering customers with this almost direct access to markets is very welcome but raises many questions,” Ophele told an Afore Consulting webinar.

“It opens new ways to distribute very risky and leveraged products without the proper safeguards, a new way to manipulate markets using the social media dimension of many platforms.”

Few examples of U.S.

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PayPal  (PYPL) – Get Report topped fourth-quarter estimates after the bell Wednesday, saying its payment services are in high demand as a result of the Covid pandemic. 

PayPal registered profit of $1.57 billion, or $1.32 per share, in the fourth quarter, up from $507 million, or 43 cents per share, a year earlier. The FactSet analyst consensus called for EPS of 62 cents per share in the latest quarter.

Adjusted earnings per share totaled $1.08, topping the analyst consensus of $1.

Revenue surged 23% in the fourth quarter to $6.12 billion from $4.96 billion last year. The analyst consensus called for revenue of $6.09 billion.

“PayPal delivered record performance in 2020, as businesses of all sizes have digitized in the wake of the pandemic,” PayPal Chief Executive Dan Schulman said in a statement. “In this historic year, we released more products than ever before and have dramatically scaled

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Feb 03, 2021 (CDN Newswire via Comtex) —
MarketsandResearch.biz has recently published a research report titled Global Wireless POS Terminal Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 which provides a detailed analysis of the dynamic of the market with extensive focus on primary and secondary research. The report throws light on the competitive landscape, segmentation, geographical expansion, and revenue, production, and consumption growth of the global Wireless POS Terminal market. The report analyzes the market size, share, demand, development patterns, and forecast in the coming years. It studies the existing market trends, metrics, drivers, and restrictions and also offers a point of view for important segments. The report further tracks product and services demand growth forecasts for the market. The report has mentioned growth parameters in the regional markets along with major players

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Industry veterans Suzie Smibert and Brandi LaFontaine will lead OvareGroup technology initiatives internally and externally

LOS ANGELES, CALIFORNIA – The OvareGroup, a Los Angeles-based media and marketing communications holding company, today appointed Suzie Smibert Executive Vice President and Chief Information Technology Officer (CITO) and Brandi LaFontaine Chief Data Officer (CDO). Both will work from the OvareGroup’s Vancouver office.

OvareGroup Chairman and CEO Jordan F. Reber said the two newly-created roles will provide strategic IT leadership and direction and deliver technology solutions that will continue to drive innovation and operational excellence throughout the organization. “In today’s competitive marketplace, companies need their marketing and technology efforts fully aligned,” Reber said. “The addition of these two roles will allow us to improve capabilities across all of the OvareGroup business units, as well as support the growing cyber security and technology needs of our clients, while adding two very

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