Comment on Billionaire Barry Diller says the market is being driven by 'great speculation,' and urges investors to save 'every nickel'

Billionaire Barry Diller says the market is being driven by 'great speculation,' and urges investors to save 'every nickel'

Mike Blake/REUTERS Billionaire Barry Diller told CNBC on Tuesday the market is being driven by "great speculation," and investors should save "every nickel" they have. The media mogul and chairman of IAC also reflected on the fact that the economic crisis caused by the pandemic allowed IAC to make a "significant" $1 billion investment in MGM resorts.

 

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