I am a very big DNS nerd and have always registered new domains for my projects before I even made the concept of my new ideas. We had tests about the Domain Name System at my professional school and I can’t remember I ever not scored the highest… So as someone who currently pays for 33 domains a year of which all are for private projects and none generates money I had an idea for a new gTLD which I wanted to operate.
The Workhorse Group Incorporated is a EV company which primarily produces delivery vans and got lately popular with a rising share price because it was viewed as one of the possible winners of an 8 billion USPS contract to replace old delivery vans. This contract busted, however I started writing this article before the deal busted - so don’t be surprised by the high numbers. I owned this stock for several years and wanna display my view of the company in this blog post.
Yesterday Bumble had it’s initial public offering (IPO). The starting price was 43 USD, a valuation of more than 8 billion and it shot up to 76 USD, a valuation of over 13 billion. Despite this high valuation, the company lastly made a net loss and only a few hundred million ($376.6 million) in revenue. The Risk The current market for Tech, EV and Cannabis stocks is in a hype bubble.
On the 4th February 2021 23andMe and VG Acquisition Corp announced that they will merge, bringing 23andMe into the public. As VGAC is already tradable in the public market, the shares have skyrocketed to 19 USD. But this is crazy… Why this is crazy? First you should know that the initiators of a SPAC commonly have additional rights to e.g. buy additional shares. They also mostly pay 10 USD per share.