Billion-dollar bubble? SoftBank ‘whale’ unnerves global markets
Aran News Saudi Arabia12 Sep, 2020News
Wall Street traders nicknamed Son the �Nasdaq whale� as they learned that he was the big presence unseen beneath the surface of the tech market, sending waves out in all directions. Some accused him of helping to overinflate share values to unsustainable levels, and cited last week�s big selloff in New York � led by declines in the market stars such as Apple and Amazon � as evidence that he had blown them up to such a level that some form of correction was inevitable.
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