“The tech stock white whale” — Softbank’s big Nasdaq money. Nikola surges 40% on GM investment. Boeing’s business class dreams

The Best One Yet

Nick & Jack Studios

Business News, Tech, News, Finance, Business, Pop Culture

4.6 • 9.8K Ratings

🗓️ 9 September 2020

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tesla-challenger Nikola just saw its stock jump 40% because it’s marrying an older, wealthier life partner: GM. Just a year after jacking up private tech valuations, turns out Softbank is doing the same thing now to publicly-traded tech stocks. And Boeing has itself a cancelation problem because business class’ future is uncertain in the age of Zoom.$NKLA $GM $SFTBY $BAWant a shoutout on the pod? We got the form for Snackers to fill out right here:https://forms.gle/KhUAo31xmkSdeynD9Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Transcript

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0:00.0	This is Nick.
0:02.0	This is Jack.
0:03.0	And this is Snacks daily.
0:05.0	It is Wednesday, September 9th.
0:06.0	Pleasure to be back with you, Nick.
0:08.0	Nine's my favorite number.
0:09.0	Jack, you're looking fantastic, Stox.
0:11.0	Tech Stox, not feeling the same vibes as us right now.
0:13.0	Not so fantastic, but we're still bringing the best one yet.
0:16.0	T-B-O-Y Jack, can you lay up the first story for us over there?
0:19.0	Nikola is the electric car company that's never sold an electric car.
0:22.0	It just enjoyed a 40% stock search.
0:25.0	Name those me off every time, because General Motors is paying Nikola
0:28.0	to make itself feel cooler.
0:30.0	We've all been there.
0:31.0	Have we all been there?
0:32.0	Second story.
0:35.0	Remember when Softbank jacked up we worked valuation
0:38.0	before it fell apart into oblivion.
0:40.0	Jack, I thought you never asked.
0:41.0	Turns out the Japanese tech investor may be doing the same thing to tech stocks right now.
0:46.0	For our third and final story, Boeing shares fell another 5%
	...

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