Stock O'Clock: SPACs, Bitcoin, Cannabis Legalization And Trustpilot IPO (Stock Market News)
In today’s stock market news we talk about the SPAC party, doubts about bitcoin, cannabis legalization and Trustpilot going public. No sub yet? No prob:
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Today’s stock market news:
CCIV stock
The SPAC party may come to an end soon according to a hedge fund manager. He says when people buy SPACs, they’re often incredibly overvalued. If the SPAC correction continues for a few weeks, it might be the end.
Bitcoin
Bitcoin’s long-term value is doubted due to ESG goals and regulation. Some say it costs too much to keep the network running. Others say bitcoin’s at the tipping point of going mainstream.
PLNHF stock
Recreational marijuana legalization is coming to Virginia. 1 in 3 Americans are now living in a state where it is legal to use. The law would legalize the use of cannabis by people over 21.
FTSE
And Trustpilot might be going public soon on the London exchange. It would be the first European IPO this year. Trustpilot is a Denmark-based platform for consumer reviews.
Sources:
https://seekingalpha.com/news/3667405-spac-party-may-come-to-end-soon-hedge-fund-manager-warns
https://finance.yahoo.com/news/bitcoin-long-term-value-doubted-042342617.html
https://seekingalpha.com/news/3667419-recreational-marijuana-legalization-is-coming-to-virginia
https://finance.yahoo.com/news/london-lures-first-european-ipo-083558907.html
DISCLAIMER
Nesami provides this video for informational purposes only. None of the information within this video should be interpreted as investment, financial or other advice. The information is of a general nature and does not take into account the circumstances of any particular individual. You alone are responsible for evaluating the benefits and risks associated with the use of any information within this video. Nesami cannot be held liable for any claim for damages arising from any decision you make based on the information within this video.
Tags: CCIV stock, SPACs to buy, bitcoin network costs, bitcoin mainstream, cannabis stocks, cannabis legalization, Trustpilot IPO, stock market news, investing news, breaking news
Hashtags: #shorts #SPAC #bitcoin
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