In one of the most dramatic business turnaround stories of the pandemic, Peloton turned its first profit as revenue soared. The digital fitness company has seen its sales jump as the coronavirus shuttered gyms around the nation, forcing people to look for ways to stay fit at home. For the three months ended June 30, it swung to net income of $89.1 million, or 27 cents a share, from a loss of...
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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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