Are You Saying That Amazon Is Cannibalizing All These Other Companies?

"If we didn't have zero interest rates, which give the venture capital world an enormous amount of money," he says. "We've been a totally different place... It's a totally different world, right? And I mean, I mean, part of the tech boom is going to be good, but lots of it's going to be short." ' SPACS' are these special purpose acquiring companies that invest in unknowns and then tell you all about them when they're discovered.