Another “Plus” for Streaming, & Chamath Palihapitiya: Democratizing the Stock Market
ViacomCBS is rebranding its streaming platform as Paramount+, another “plus” for the streaming wars. CEO Bob Bakish reveals what viewers--and shareholders--can expect. Investor, NBA owner, and Virgin Galactic Chairman Chamath Palihapitiya has yet another SPAC announcement. He’s betting on special purpose acquisition companies to rebalance the supply/demand issues in the stock market and to democratize investing opportunities. TikTok’s final rose goes to Oracle, though the pair still has a few political and technical obstacles to hurdle. Citi’s new leader Jane Fraser may be on a glass cliff, and Cinnabon is coming to a grocery near you.
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