David Shapiro on Softbank's bull squeeze in US tech stock market
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It was recently revealed that Japanese-based SoftBank was behind the "Nasdaq whale" - buying billions of dollars in technology company stock options in the past month. According to the Wall Street Journal, SoftBank bought $4bn in options on stocks such as Amazon, Apple, Alphabet, Facebook and Tesla - driving up volumes and contributing to a trading frenzy. In this excerpt from the Rational Radio webinar, BizNews founder Alec Hogg delves deeper into Nasdaq's SoftBank-related drop with market commentator David Shapiro. Learn more about your ad choices. Visit megaphone.fm/adchoices
