As with most financial market crazes, the fear of missing out motivates buying and selling en masse. The market’s current fantasy with special-purpose acquisition companies (SPACs), a financial instrument mired in a suspicious past, may just be another instance of this phenomenon. SPACs are different from your average market craze, however, because they offer a unique opportunity to take advantage of previously restricted returns.
When asked to name a company dedicated to corporate social responsibility, almost everyone will immediately mention Patagonia. Patagonia, an upscale apparel retailer, for years was viewed as an anomaly by both investors and industry experts. The company preaches against consumerism with their “Don’t Buy This Jacket” campaign, where they actively exposed the environmental harm of one of their products. A company that discourages people from shopping could not possibly be successful in the long run. However, over the past decade, Patagonia has defied all odds by quadrupling in profit and reaching a valuation of $1 billion dollars.
As one of the most anticipated IPO’s of the year, DoorDash is set to go public in an exceptionally volatile market. The online food delivery platform has grown into a $12.6 billion dollar company in just seven years, with a dramatic increase from its $1.4 billion valuation in 2018. However, the success of its IPO stands in question due to changing investor sentiments concerning current market trends and recent struggles among competitors.
Graphic Designed by Katharina Giebel BRB Bottomline: Changes in technology and business models have created the opportunity for millions of people to participate in what is now deemed the gig economy. Companies such as Uber, Lyft, DoorDash, and Rover are leading the forefront of this new economy by empowering workers