Primer Podcast #17 - Softbank, Tesla and S&P500, Amazon Seeds and Gamestop

Happy Labor Day! In this episode, we dive into Soft Bank, a Japanese conglomerate, headed by CEO Masayoshi San (Masa Son). News recently came out that he had purchased call options and stocks in individual companies and the overall market accounting for a rumored 4 billion dollars. These bets have led to over $50B of exposure through options. Tesla was also not added to the S&P500. This may be in part due to them using tax credits to sustain their profits and is not a reliable source of cash flow. The stock Tesla ($TSLA) is very volatile and has increased significantly this year. We also talked about a weird thing that is happening to people in the United States that are receiving seeds from China. It is said that people in all 50 states have received these seeds and the items have been identified but still pose a threat. Gamestop is also looking to be a potential short squeeze. Chewy CEO recently acquired 9% of Gamestop through his investment fund. We also talked about Snowflake and the IPO and the S1 that they released. Going to be interesting to see another largely funded company go public in a pandemic.