The Rise of CEOs... That Don't Show Up To Work. | How Money Works

Why SPACs are Popular InvestmentsNicola Motors, Draft Kings, and Virgin Galactic have a lot in common.For starters all these companies have recently gone public and are still not profitable and while that's common for many IPOs neither Nicola or virgin galactic have actually generated any revenue from their main service lines.For Nikola they haven't even sold any electric vehicles and for Virgin Galactic they have still yet to deliver on their space tourism services. Most people would consider these stocks to be early stage and incredibly risky for wall street bets though it's a great idea.Perhaps the most important thing to understand about these companies is how they went public and that's through a spec or a special purpose acquisition company.We're going to look at specs how they're structured and answer why they become so popular among investors.SPAC's are by no means anything incredibly new they've existed for a while now but have just recently become popular again.The general idea behind a SPAC is that their management team raises money from investors to go public and then uses that money to buy another company the process through which the acquisition occurs is called a reverse merger and how this works is actually pretty simple...Music from Epidemic Sound#SPAC #IPO #HowMoneyWorksFollow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out.

Insider Trading is Unfair (But Should it be Legal?) - How Money WorksSign up for my newsletter https://compoundeddaily.com 👈Someone with a consistent flow of insider information on a single publicly traded company could make triple figure annual returns which could make even a small investment of a few thousand dollars turn into millions.Support the channel on Patreon here - https://www.patreon.com/HowMoneyWorks#InsiderTrading #HowMoneyWorksLink To The Capitalists Discord where I hang out with other creators - https://discord.gg/8MeNJ7gfSRMusic by Epidemic SoundStock footage by Story BlocksFollow to learn How Money Works.Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorksDisclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out.

Banking is Broken (And We May Not Be Able to Fix It) - How Money Works Sign up for my newsletter https://compoundeddaily.com 👈 Banking has become too complicated and too concentrated for it's own good and this could have serious impacts on us all. #Banking #Finance #HowMoneyWorks ___________________________________________________________________________ Support the channel on Patreon here - https://www.patreon.com/HowMoneyWorks ___________________________________________________________________________ Link To The Capitalists Discord where I hang out with other creators - https://discord.gg/8MeNJ7gfSR Music by Epidemic Sound ___________________________________________________________________________ Banking is an incredibly important industry which is based off a very simple concept. People with more money than they know what to do with can keep it in a safe secure institution which can then lend that money out to people who have big idea’s but not enough money to make them happen. They give a small incentive to the depositors, and charge a higher premium from the borrowers, making a profit for the service that they provide as a “financial intermediary” This system has become more complex over time with things like fractional reserve banking, and alternative capital sources, but if we strip all of that away we will still find that the heart of banking is this simple mechanism. For all of the hate that banks get, they can do a lot of good in an economy. To people who want a safe place to keep their money they offer an almost 100% guarantee that the money left with them will still be there, a day, a month, a century from when it was deposited. They also make that money readily accessible, online, over the phone, from a collection of ATM’s, or simply through a plastic debit card. To people that want to borrow money they are also the “go to” institution for a fair loan based on lending parameters developed over time. We may hate things like credit scores and employment checks, but it’s part of the reason why so many people are paying below 3% on their mortgages right now. Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. - ------------------------------

Here's Why You Want A Really Boring Job - How Money Works Sign up to Morning Brew for a totally free selection of high quality business, finance and general interest articles delivered direct to your inbox every morning - https://morningbrewdaily.com/howmoneyworks Sign up for my newsletter https://compoundeddaily.com 👈 Find a job you love and you will never work a day in your life… Or maybe you would be better served by a really boring job. I want to try and convince you that what you want instead is a really boring job, a job that doesn’t make you or anybody else excited… a job that nobody would ever dream of. #HowMoneyWorks #Careers ___________________________________________________________________________ Link To The Capitalists Discord where I hang out with other creators - https://discord.gg/8MeNJ7gfSR Music by Epidemic Sound Stock footage by Storyblocks Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. - ------------------

Fraud Has Cost You Your Financial Future Click here https://bit.ly/HELLOMONEYDEC and get 65% off with my code HELLOMONEY if you’re in the US but wherever you’re watching from you will also get a very special discount as it’s valid internationally! Sign up for my newsletter https://compoundeddaily.com 👈 With the collapse of FTX, the conviction of Elizabeth Holmes and the widespread rejection of everything NFT all happening within the space of a month, financial fraud is once again big news, and it should be because it is costing you your financial future. This is not your imagination either, incidents of identity theft, wire fraud, investment scams, pump and dumps, Ponzi schemes, phishing attacks, and sophisticated hacks are all at all time highs. Fraud cost Americans a total of 5.8 BILLION dollars in 2021, and most trackers suggest that number will be even greater this year. these stories can be easy to ignore because the victims of these crimes often had to, frankly, be pretty stupid and financially illiterate to get caught up in them. Anybody who has been anywhere near the internet in the last 20 years should know by now you don’t send money to Nigerian princes with yahoo email accounts or corporate executives playing league of legends during an investor meeting. It’s all pretty common-sense stuff, and you might then incorrectly assume that the rise in fraud is of no concern to you. When you really think about it that 5.8 Billion dollar figure sounds bad, until you work out that that’s only $17.50 per American for an entire year, not to flex too hard but I have spent more on a Starbucks coffee before. It’s hard to see how such a small cost could be doing something as severe as costing young Americans their financial futures, but it is. So it’s time to learn How Money Works, to find out why you really need to start taking stories about fraud personally, even if you never think that you would be dumb enough to fall for these schemes yourself. #fraud #finance #business Edited By: Andrew Gonzales Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images For sponsorship inquiries, please contact [email protected] All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. - -------------------------