The bursting of the e-commerce sharemarket bubble has spilled over into a whipsaw ride for investors struggling to value online retailers as navigating one of the economy’s most dynamic sectors gets complex for investors.
On Tuesday, Adore Beauty shares surged 31 per cent after hedge fund Woodson Capital declared a 5 per cent stake, while Temple & Webster soared 29.8 per cent on guidance for better-than-expected operating profit margins.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
