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.
SPACs or Special Purpose Acquisition Companies have recently gotten pretty popular. It is a way for a company to go public. Some of the more traditional ways are the regular IPO, Direct Listing (think Slack, Spotify) and an Acquisition (think Postmates acquired by Uber, Instagram acquired by Facebook).