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Tech Up As SPACs, Chinese Internet Cos Remain Weak — Tech Roundup

December 7, 2021
Source: marketscreener.com marketscreener.com
News Snapshot:
Shares of technology companies rose, but not by as much as the broad market, as a rout in some of the riskiest stocks and investments continued. Shares of several companies formed through special-purpose acquisition companies fell sharply, including Digital World Acquisition, a social media holding company linked to former President Trump, which is reportedly under investigation by federal authorities. Lucid Group fell sharply after it received a subpoena from the Securities and Exchange Commission related to the SPAC deal that took the electric-vehicle company public this summer. Shares of online media concern BuzzFeed fell sharply after it went public in...
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