The Capital Letter: Week of December 7
The Capital Letter: Week of December 7 Andrew Stuttaford © Carlo Allegri/Reuters The NASDAQ market site displays an AirBnb sign featuring CEO Brian Chesky on their billboard on the day of the company's IPO in Times Square in New York City, December 10, 2020. Yes, U.S. markets have been a little weaker in the last few days, and as I write (11:55 a.m.), are down again this morning, but signs of a bubble aren’t too difficult to find. There is, for example, the continuing demand for “blank-check” companies or, less euphemistically, SPACs (special purpose acquisition compa...
Source: msn.com