Exploring ByteDance's remarkable financial growth, market valuation, and opportunities in secondary markets, this chapter dives into the debate around selling restrictions for employees and investor sentiments. It also delves into the emergence of event contracts, debates the distinction between investing and betting, and expresses concerns over the normalization of gambling in society. With insights on event betting markets and the surge in sports gambling revenue, the discussion urges for improved financial literacy and regulation to address excessive gambling.
Scott shares his thoughts on the latest financial figures from ByteDance and discusses if he would buy shares on the secondary market. He then takes a look at a platform for trading on event outcomes that just attracted a big market maker. Finally, Scott and Ed discuss one of the largest deals in YouTube history, and what it says about the creator economy.
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