SPAC

Platform Industry News: President Donald J Trump

Trump tightens grip on social media company after SPAC deal success

Former US President Donald J Trump will be able to retain the ownership of his newly launched social media venture even if he chooses to make another White House run or is convicte...

Platform Industry: President Donald J Trump comments

Trump’s social media deal ignites 350% gain in SPAC’s shares

Former US President Donald J Trump’s deal to create a social media app after Twitter and Facebook barred him won an exuberant endorsement from investors, with shares in a she...

Abu Dhabi

Abu Dhabi’s tech hub sees surge of interest from start-ups

Abu Dhabi’s new technology hub says it has seen a surge in interest from start-up firms in the UAE and abroad despite the economic impact of the coronavirus pandemic last year, ami...

China Platform Economy

Sources: China’s tech crackdown thwarts Pony.ai’s US listing plans

Autonomous driving start-up Pony.ai has put on hold plans to go public in New York through a merger with a blank-check firm at a $12 billion valuation, after it failed to gain assu...

Crypto Coins

Crypto miner Core Scientific to go public via $4.3 billion SPAC deal

Core Scientific Holdings have said it would go public through a merger with a blank-check company backed by BlackRock Inc, in a deal that values the cryptocurrency miner at $4.3 bi...

President Macron

Macron bemoans nonsense innovation, takes aim at Chinese and US tech bonanza

French President Macron has called out what he described as excesses of liquidity in the US and Chinese financial markets, some of which he said could instead foster the growth of ...

AppHarvest AgTech Start-up

AppHarvest to go public via merger with blank-check firm

AgTech business AppHarvest has said it will go public through a merger with a blank-check company in a deal that will value the business at $1 billion.

Used cars

Online used-car seller Shift to go public through reverse merger

Online used-car seller Shift Technologies has said it plans to go public later this year through a reverse merger with a blank-check company, as US capital markets rebound after th...