Apple is closing in on $2 trillion in market cap and now has the largest single S&P weight over last 40-years…
Nikola manufactures (I use this term loosely) electric vehicles in the Phoenix desert, did $36,000 in sales last quarter and has a $13 billion valuation.
In 45 days we will find out what TikTok is worth if Microsoft is allowed to buy it (and pays a finders fee to Fat Nixon of course). Based on Nikola’s valuation it is worth more than Apple!
Of the three companies dominating discussion on Stocktwits, TikTok is the most interesting to me because it is not even a public company. Microsoft has added nearly $50 billion in market cap since the idea was floated by Microsoft CEO Satya this weekend.
Eugene Wei has a FANTASTIC post on the coming of TikTok and it is worth a read to help you understand the battle for it.