Chamath Palihapitiya is a Silicon Valley staple. He’s a tech billionaire, he owns the Golden State Warriors pro-basketball team, and he has a devoted online following. He’s also behind some of the biggest IPOs of the past year thanks to something called a SPAC. And while he didn’t invent SPACs, he’s used them to forever change how companies go public.
Bitcoin’s rebound continues with the cryptocurrency eclipsing the $50,000 level for the first time since May. Bloomberg’s Vildana Hajric and CoinShares Chief Strategy Officer Meltem Demirors discuss the market moves on “Quicktake Stock.”
Ikea will offer renewable energy to Swedish households for the first time, tapping into the growing market for green electricity as it further diversifies its business.