Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.Palantir Technologies Chief Executive Alex Karp added a new twist to investor interaction during Covid-19. He introduced his company’s virtualIt was the opening of Karp’s public pitch to potential shareholders ahead of the data company’son the New York Stock Exchange. He talked a lot about Palantir seeing what analytical tools U.S.
SPACs seek acquisitions, offering targets a shortcut to a listed stock – something with particular appeal in markets made volatile by Covid-19. Investors bet on the Rolodexes and smarts of the vehicles’ sponsors, but also have the right to get their money back if they don’t like the deal that’s eventually inked.
like Cohn and Paul Ryan, the former speaker of the House of Representatives. Even in the quietish Labor Day holiday week, there’s no pause. Next up, maybe: a TikTok influencer-backed SPAC? Any business that supports working from home has benefited to some extent from coronavirus-induced lockdowns. But Slack Technologies, purveyor of a messaging platform that helps organize work, isn’t capitalizing the way Zoom Video Communications, for example, is managing to.
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