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Tech and SPACs: A dance of Wall Street darlings


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16 Mar, 2021
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Joseph WilliamsStefen Joshua Rasay
Wall Street has fallen in love with blank-check companies, which, in turn, love the technology, media and telecom markets.
This is the first installment of a three-part series focused on tech SPACs. The full series can be found here:
Tech and SPACs: A dance of Wall Street darlings
Tech and SPACs: Too much of two good things
Tech and SPACs: Feeding the frenzy
Blank-check firms, formally known as special purpose acquisition companies, combine a reverse merger with an IPO. A shell company launches an IPO with the expressed intent of using the funds to acquire an unspecified operating company. This allows the company to access public capital without having to undertake the highly r ....

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Tech jobs soar as overall US job market dips


Tech jobs soar as overall US job market dips
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Angus Loten
, The Wall Street Journal
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High demand for skilled information-technology workers ramped up further in December, even as companies across the economy shed jobs.
US employers added an estimated 391,000 IT jobs last month, following both gains and losses in the sector in recent months, IT trade group CompTIA Inc. reported Friday.
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The unemployment rate for technology jobs held roughly steady at 3% the same level as a year ago compared with a 6.7% overall unemployment rate. ....

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