Reddit will let users participate in its IPO
Reddit wants to keep its users happy because they generate and police the content that draws its audience, says one finance professor.
Source: marketplace.org
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Japanese Recycling Upstart Tests Waters With SPAC Debut on NYSE
(Bloomberg) -- A small Japanese plastic recycling company is gearing up to go public in the US through a SPAC merger this month, even as many IPO hopefuls are delaying or scrapping such plans.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackThese Are the Best Countries for Wealthy Expats‘Oppenheimer’ Wins Seven Oscars Including Best Picture, DirectorSlow US Inflation Retreat Is Set to Bolster Fed Patience on Rate CutsKawasaki-based Jeplan Inc. plans to merge
Source: yahoo.com
Donald Trump on verge of $4 billion windfall despite legal problems
Former President Donald Trump could reap a windfall of as much as $4 billion thanks to the surging value of a stock tied to his media company.
Source: nypost.com
Trump Eyes $4B Stock Windfall as His Legal Bills Pile Up
A de-SPAC or blank-check deal related to the Trump Media & Technology Group would hand the former president new-found wealth.
Source: wealthmanagement.com
Opinion: This overshadowed Trump ruling may be the one that matters most
The SEC’s approval of a merger between Trump Media & Technology Group and Digital World Acquisition Corp. could have even larger implications for Trump’s bank account — and, more importantly, the 2024 presidential election and the role of media and money in it — than the civil fraud ruling, writes David Zurawik.
Source: cnn.com