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Daily Scoop 6-2
👋 Your Wednesday Scoops
Today's Scoop: Shenanigans
Talking points
1) Irrational meme stock buying is back.2) Major hacks continue to stress supply lines.3) Earnings season is over.
Company Scoops (Click to vote your thoughts)
JBS meat hackedZoom keeps zoomingAMC thrillerJ&J cancer paymentsSoFi goes public
The Market: ⬆️+0.1%
S&P 500: 4,208.12
Without much major economic news to drive the markets, investors are focused on the wild movements in the prices of different cryptos like Dogecoin and "meme stocks" like AMC Theaters and Blackberry. Irrational swings like these start to worry investors about bubbles.
CLICK THE LINK BELOW TO... * Read these headlines ** Evaluate their impact ** See how others feel *
🤓 Reminder...
SPACs are Special Purpose Acquisition Companies. They're sometimes called "blank check" or "shell companies", because they aren't businesses on their own. Big investors create the SPAC, then sell shares on the public market like any public stock. The SPAC uses the money from the share sales to buy a private company within two years, or they have to give the money back. It shortens the time and work for a private company to go public.
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