127: Grayscale vs. SEC, Instacart & Klaviyo IPOs, How Stock Exchanges Work, TikTok’s Spotify Competitor
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The Power and Influence of Stock Exchanges
This chapter explores the evolution and consolidation of stock exchanges, as well as their role in creating indices and controlling the derivatives market. It highlights the increased power and influence of exchanges compared to banks, particularly after the 2008 financial crisis.
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