U.S. Gross Domestic Product (GDP) shrank for the second quarter in a row marking the beginning of a recession, however, Assistant Professor Gustavo Cortes explains the economic situation is mixed. “We have good news, we have bad news, all at the
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Dispirited homebuyers show why Fed’s unprecedented fight against inflation is beginning to succeed
I’ve studied finance and financial markets since the 1970s, and I have never seen the Federal Reserve’s monetary policy get such prominent news coverage as it has this past year. And with good reason. What the Fed does has profound
Demise of largest SPAC ever comes amid market and regulatory headwinds
As an IPO during the go-go year of 2020 for SPACs, Ackman’s Pershing Square Tontine Holdings ran up against a two-year deal deadline facing many SPACs. Blank check companies, or SPACs, typically have 24-months to buy a company or they
The Case For Going Public Too Early
Currently, virtually every venture-funded company that went public in 2020 or 2021 is trading at a fraction of its former high. The hardest hit have largely been those who took the SPAC route to market, many of whom are now
Don’t Bitcoin More Than You Can Chew
Curious about cryptocurrency? Assistant Professor Tao Li explains cryptocurrencies and discusses the recent sharp drop in the value of cryptocurrencies in this Q&A with Hamodia.
Enjoy Technology, led by ex-Apple and JC Penney executive Johnson, files bankruptcy
Insights from Cordell Eminent Scholar Jay Ritter inform this story about Enjoy Technology Inc, a Silicon Valley retailer led by former Apple Inc and JC Penney Co executive Ron Johnson, which filed for bankruptcy protection on Thursday, fewer than nine
US IPO drought to continue
Cordell Eminent Scholar Jay Ritter contributes his insights to this story about how US ECM bankers are facing the slowest market for IPOs in more than six years with few obvious signs that conditions are about to take a turn
The SPAC Era Comes to a Whimpering End
Cordell Eminent Scholar Jay Ritter contributes to this story about newly public companies getting bought out—for far less money—while blank-check promoters prepare for a more skeptical market. Read more in this story from Bloomberg.
Opinion: Delivery drones, robotaxis, even insurance — wildly hyped dreams for AI startups are giving tech investors nightmares
These are just a few examples of the reality that startups are too often funded by dreams that turn out to be nightmares. We recall Apple, Amazon.com, Google, and other grand IPO successes and forget thousands of failures. Recent data from
ANALYSIS: Time Pressure Builds on De-SPAC Deals
In 2021, Cordell Eminent Scholar Jay Ritter predicted that half of SPACs would need to return money to shareholders. After looking into what would happen if half of SPACs didn’t De-SPAC, a new Bloomberg Law analysis finds that more than
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