Texas Freeze Creates Global Plastics Shortage
First, it was a demand slump across pretty much every manufacturing industry because of the pandemic. Then a surge in demand for electronics caused a shortage of microchips, which hit the automotive industry particularly hard. Now, the Texas Freeze has caused a...
STAT OF THE DAY
Which tech firms hired the most last year? According to The Information, the companies that increased head count % the most were Zoom (+74%), Amazon (+63%) and Twilio (+59%). A few cybersecurity firms (Crowdstrike and Cloudflare) and work productivity firm Atlassian...
March Madness Gamblers Expected To Break $8.5 Billion Record Thanks To Mobile Sports Betting
With online gambling now legal in 25 states, the 2021 NCAA tournament will be a slam dunk for gaming sites—and the friendly office pool may never rebound. Bob, a 34-year-old gambler from Illinois who works in logistics, has bet in his office March Madness pool for the...
The Spectacular Rise of the Blank Cheque Companies (the SPAC)
Special purpose acquisition companies — or “blank check companies” — are suddenly all the rage on Wall Street. What’s the deal? TL;DR: A SPAC is a publicly traded shell company set up specifically to merge with, and take public, a private company. In the past year,...
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