SoftBank CEO Masayoshi Son is personally directing a team of stock traders, using $20 billion of cash raised by the company in asset sales, to “bet on daily moves in tech names including Alphabet, Amazon and Netflix,“ the Wall Street Journal reported. Earlier this year various outlets reported that SoftBank had made big stock bets on tech names but the Journal report suggests those bets...
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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...
Facebook Bans Myanmar Military Accounts After Coup
Hong Kong Tycoon Li Ka-Shing Plans to Launch SPAC
ViacomCBS Debuts Paramount+
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