The past month for me has been extremely exciting yet nerve wrecking. After placing my $80k bet on peloton, I found another great opportunity with a newly IPO'd company, and I was extremely bullish about this one.
In the past few days, I have built up my biggest position yet. This is the most nerve-wrecking, anxious position I have put myself into, yet I am confident about my bet and going for the long term.
I was inspired to write this piece after some weekend reading about Softbank. Recently, there has been considerable evidence that Softbank is the new Nasdaq whale that has been buying up call options and driving tech stocks to the bubbly valuations that they have right now.
With the latest antirtrust hearings for the big tech CEOs, it is inevitable that Tiktok's growth in the US will be brought up as a competitive threat to big tech. Facebook will claim that it does not have monopolistic powers, and clearly faces strong competition from companies like Tiktok. But the truth is, Facebook has profited billions of dollars off of TIktok's growth.