Tech Bubble 2.0

The reason Microsoft doesn`t mind overpaying for GitHub by 4.5 Billion is because they know their stock is way overvalued by historical standards in a non bubble market.

Frontrunning: June 4

  • Trump and Allies Set for Showdown Over Trade (BBG)
  • Value Investors Face Existential Crisis After Long Market Rally (WSJ)
  • Mueller-Trump Tests the Limits of Presidential Power (BBG)
  • Saudi Aramco restructures non-oil assets ahead of IPO (Reuters)
  • Jun 4, 2018 8:32 AM