A new Wall Street bet has been launched, and it’s a $1.6 billion bet against a company that could be the next big tech company.
Wall Street Bet says it will use its proprietary algorithm to rank the companies that it believes will be the hottest tech stocks by the end of the year, based on its proprietary “reward structure.”
The algorithm will then use the bet to determine which stock will be one of the top three picks in a market cap of $200 billion.
The algorithm is designed to predict how many shares a company will have at its IPO.
The algorithm was developed by a group of Wall Street experts and has been in use for more than a year.
The Wall Street Bet bet has not been published on Wall Street.
The company did not immediately respond to a request for comment.
The bet is based on the idea that stocks with the biggest bets will rise over the long term.
The odds of the stock climbing are 1 in 1.4 billion, which is 0.004% in the stock market, according to the Wall Street, or about 1,000,000 billion.
A typical bet is about $20,000 for a company with about $200 million in revenue, according the company.