England's Bukayo Saka slams social media giants: I knew the hate I was about to receive


Soraya Ebrahimi
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One of the England football players targeted with online racist abuse after his team’s European Championship final defeat condemned social media companies on Thursday for doing too little to block “hateful and hurtful” messages on their platforms.

In comments directed at Instagram, Twitter and Facebook, Bukayo Saka said he didn’t want anyone else to be targeted by the kind of messages he and Marcus Rashford and Jadon Sancho received after the three black players missed penalty kicks during the shoot-out that ended Sunday’s game against Italy.

“I knew instantly the kind of hate that I was about to receive and that (it) is a sad reality that your powerful platforms are not doing enough to stop these messages,” Saka, 19, wrote on Instagram. “There is no place for racism or hate of any kind in football."

The UK Football Policing Unit is investigating potential hate crimes linked to the online abuse. Four people have been arrested, said the National Police Chiefs Council.

“We are working very closely with social media platforms, who are providing data we need to progress enquiries,’’ said Chief Constable Mark Roberts, of Cheshire police, who leads football policing nationwide.

“If we identify that you are behind this crime, we will track you down and you will face the serious consequences of your shameful actions.”

There was widespread crime and disorder during and after Sunday’s match. As of Tuesday, authorities around the country had made 264 arrests linked to 897 incidents, police chiefs said.

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How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

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Updated: July 15, 2021, 7:30 PM