• Sequoia-backed e-scooter unicorn Bird just announced a SPAC. Here's 6 key takeaways from its investor deck

    28 days ago - By Business Insider

    Summary List Placement Shared e-scooter startup Bird is going public via a SPAC deal after months of speculation.
    The special purpose acquisition company Switchback II Corporation will acquire Bird in a deal that values the scooter startup at $2.3 billion. Bird had been rumored to be in talks with a number of SPACs last fall. The site dot.LA first reported the agreement .
    Among the beneficiaries will be Sequoia Capital, which led Bird's Series C and Series D investment rounds, as well as early investor Craft Ventures, the firm helmed by David Sacks, the former PayPal executive and Yammer...
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  • The chief strategist at a $1.5 billion firm breaks down why stocks are staring down a period of weak returns in the months ahead as investors misjudge the recovery - and says they are also mistaking how the Fed will react to inflation

    The chief strategist at a $1.5 billion firm breaks down why stocks are staring down a period of weak returns in the months ahead as investors misjudge the recovery - and says they are also mistaking how the Fed will react to inflation

    28 days ago - By Business Insider

    Summary List Placement Members of the Federal Reserve's Federal Open Market Committee have been drilling their message into investors for several months now: They won't respond to a spike in inflation this year.
    And yet, investors still don't believe them, according to Marko Papic, the chief strategist at Clocktower Group, which manages $1.5 billion in assets.
    In an interview with Insider on Friday, Papic said investors are anticipating Fed intervention if inflation gets too hot this year. He pointed to the fact that the median investor expects the central bank to take a more hawkish...
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