• <a fr-original-style="" href="https://www.reuters.com/markets/deals/buzzfeed-could-fetch-lesser-capital-through-merger-with-blank-check-firm-wsj-2021-12-02/" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">BuzzFeed founder Jonah Peretti</a> said withdrawals from the SPAC fund will not derail the company’s expansion plans after investors in the SPAC taking BuzzFeed public have pulled 94% of their $288 million (€255mn) investment, leaving the media company only $16.2 million (€14.3mn) in cash, plus $150 million (€133mn) from a convertible bond. The company’s shares are set to start trading on the Nasdaq exchange today.<ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">The quote: “The expression, ‘in the short term the stock market is a voting machine, in the long term it’s a weighing machine’. I think there is truth to that,” Peretti said. “It doesn’t change our strategy… I just see Spacs as a means to an end for us.”</li><li fr-original-style="" style="box-sizing: border-box;">The deal and the catch: A special purpose acquisition company (SPAC) raise money from investors and list on the stock exchange, with the intent of merging with a private company to take it public. However, a SPAC’s shareholders can pull their money out if they do not want to invest in the chosen company.</li></ul>

Jonah Peretti ile ilgili hikayeler