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Nextdoor Is Going Public Via SPAC: What You Need to Know

5 years 3 months ago
Popular local social network Nextdoor is going public, announcing a deal to merge with special purpose acquisition company (SPAC) Khosla Ventures Acquisition II (NASDAQ: KVSB). The news comes following reports in late 2020 that Nextdoor was preparing to go public targeting a va

What to Make of the Bank Stress Test News

5 years 3 months ago
The Federal Reserve recently announced that all 23 banks subject to the 2021 stress tests passed with flying colors, clearing the way for dividend increases and new buyback plans. Plus, Visa (NYSE: V) is planning to acquire another open banking start-up after its previous attempt

Why Gores Holdings VI Shares Popped 15% in June

5 years 3 months ago
What happened Shares of Gores Holdings VI (NASDAQ: GHVI), a special purpose acquisition company (SPAC) that plans to merge with spacial-data company Matterport, jumped 15% in June, according to data provided by S&P Global Market Intelligence, after announcing some key partne

Nextdoor may struggle to keep up with Joneses

5 years 3 months ago
NEW YORK (Reuters Breakingviews) - Nextdoor is trying to keep up with Joneses. The neighborhood social network is merging with a blank-check firm sponsored by Khosla Ventures in a deal that values it at $4.3 billion. What Nextdoor is trying to b

Noteworthy Tuesday Option Activity: TSLA, AAPL, FB

5 years 3 months ago
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Tesla Inc (Symbol: TSLA), where a total volume of 792,058 contracts has been traded thus far today, a contract volume which is representative of approximately 79
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