The rise of SPACs ( Special Purpose Acquisition Company ) in the US capital market has taken investors and companies by storm and opening up massive opportunities for M&A and exits of PE-backed companies across the world. Although SPACs have existed for a long time, they have recently gained more acceptance and the momentum is expected to continue. In 2020, there were close to 250 SPACs, raising more than $83 billion, with an average size of $334 million. In the 1st 3 months of 2021, the capital raised was US$ 90 Billion. Examples of companies that went public in 2020 through SPACs include Draft Kings and Virgin Atlantic. Top industries historically have included media, technology, manufacturing, retail, and services, but we are seeing activity across the industry. There has been a purposeful frenzy around SPAC-routed listings in the US. Sponsors are setting up and planning SPACs and the availability of substantial liquidity in the market is enabling the … [Read more...] about Looking Through SPACs: What’s leading the purposeful frenzy?
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Amazon founder Jeff Bezos has written an annual letter to shareholders in which he had mentioned a couple who had bought two shares of Amazon in 1997 and got a huge growth in value in 24 years but they have no plans to use the proceeds to buy a house. Bezos in the annual letter said, ''Along the way, we’ve created $1.6 trillion of wealth for shareowners. Who are they? Your Chair is one, and my Amazon shares have made me wealthy. But more than 7/8ths of the shares, representing $1.4 trillion of wealth creation, is owned by others. Who are they? They’re pension funds, universities, and 401(k)s, and they’re Mary and Larry, who sent me this note out of the blue just as I was sitting down to write this shareholder letter''. Full text of the letter that the couple shared: Dear Mr. Bezos, Thanks for making Amazon a great company! We thought you would like to know how it has benefitted our family. Back in 1997 when you made Amazon public, our son, Ryan, was 12 years old … [Read more...] about Amazon founder Jeff Bezos shares note from a couple who bought 2 shares in 1997
Harry Styles sent social media into meltdown after images of the One Direction star dressed as Ariel from The Little Mermaid surfaced online. The 27-year-old Watermelon Sugar artist, who reportedly turned down a role in the live-action remake of The Little Mermaid, donned a striking red wig as he posed for the shots. The photoshoot appears to have taken place in 2019 when he posed as Ariel for Saturday Night Live. In the snaps, that are currently circulating social media, Harry wore a turquoise fishtail and a shell bra as he reclined in a pink velvet chair. He then pulled a series of edgy poses as he toasted with a glass of champagne and gripped a cigarette between his fingers while showing off his tattoos. While some of the images have since been removed from social media, Harry Styles' fans have flocked to Twitter to share their appreciation of the snaps. "Did you see Harry's Little Mermaid photoshoot??? HE is so awesome I love him. That is why he down the role … [Read more...] about Harry Styles sends fans into meltdown as he dresses as Little Mermaid’s Ariel
advertisement advertisement advertisement Persuading people to get a COVID-19 vaccine remains a challenge even as more than 120 million people in the U.S. have received at least one dose. advertisement advertisement Public health officials have struggled to find persuasive and accessible approaches throughout the pandemic, from explaining where COVID-19 originated to how the virus spreads among individuals , along with steps to prevent its transmission, its inequitable impacts on people’s lives, and now relevant risks and benefits information about vaccines. COVID-19 is not just a medical issue. It is also a social justice, economic, and political issue. That makes it hard to figure out how best to share information about it, especially since messages come from a range of communicators—including elected officials, journalists, scientists, physicians, and community leaders—and are delivered to diverse audiences. And the … [Read more...] about COVID-19 public health messages have been all over the place—but we can do better
Democracy took a big hit last week when Senators Joe Manchin Joe Manchin GOP acknowledges struggle to bring down Biden On The Money: Moderates' 0B infrastructure bill is a tough sell with Democrats | Justice Dept. sues Trump ally Roger Stone for unpaid taxes Moderates' 0B infrastructure bill is a tough sell with Democrats MORE (D-W.Va.) and Kyrsten Sinema Kyrsten Sinema Sinema, Romney propose bill to tackle student loan debt House committee approves DC statehood bill Romney, Sinema teaming up on proposal to raise minimum wage MORE (D-Ariz.) both reinforced their previous statements against filibuster reform. Such reform is essential for our nation’s ability to govern representatively. Game theory can explain how Senate Democrats ended up here and why recent legislative wins may actually cause larger-scale losses. The U.S. has a long history of voter suppression and gerrymandering . However, better technology allows … [Read more...] about Game of votes — why budget reconciliation isn’t the answer Democrats need