Buoyed by the surge in online shopping from homebound consumers, Amazon reported another profitable quarter late Thursday. The e-commerce giant’s sales increased 37% to $96.1 billion in the third quarter, up 36% from the year prior. The company reported net income of $6.3 billion, or $12.37 per share. That is three times the $2.1 billion it earned in the year-ago quarter. Analysts polled by...
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Watching for Peak SPAC: The Information’s Tech Briefing

Have we hit peak SPAC yet? You could have asked that question any day over the past few weeks, or months. But lately things truly seem to be hitting a new level. Four new SPAC mergers were unveiled today alone, according to SPACInsider. Adult entertainment service Stripchat said it was planning a SPAC. We reported that a Chinese private equity firm was planning a SPAC. Underlying the SPAC...
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