Amazon and mortgage provider better.com have come up with a new way for Amazon employees to buy a home with stock. The program is available to laid off Amazon employees who still have restricted stock units. Better.com will also charge a higher rate on these stock based loans between 0.25 and 2.5 percent higher than standard mortgage rates.
This week on Prof G Markets, Scott explains how Virgin Galactic’s unique supply and demand constraints make it a terrible business. He also breaks down why Amazon and Better.com are partnering to allow Amazon employees to pledge their stock as collateral for home loans — with a catch. Finally, Scott takes a look at the enduring grocery delivery market and shares his thoughts on why Instacart might hold the key to unlocking the IPO market.
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