Big SPAC News

Bill Ackman’s SPAC is rumored to acquire either Stripe or Robinhood

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SPACs have been the hot thing this year. So many investors from Chamath Palihapitiya to Brad Gerstner are backing SPACs. Even former Speaker of the House Paul Ryan joined the board of a SPAC.

No SPAC is making headlines more than the one owned by famous activist investor Bill Ackman. Bill Ackman’s Pershing Square Tontine Holdings Ltd ($PSTH) is now trading at $26. He is eying some big acquisitions. Some of these potential acquisitions include:

• Stripe: Writers on Medium have definitely heard of Stripe. Stripe is a payment processing company helping everyone from large corporations to small and medium enterprises. Stripe is also helping you and me get paid for our articles here on Medium. Some companies that use Stripe include Instacart, DoorDash, and Uber to name a few. Startups and tech unicorns love the service. 66% of online transactions go through Stripe while the average transaction volume per year is $40.15 million. YouTuber and investor “Deadnsyde” has a good video about a potential Stripe acquisition.
• Robinhood: We all know Robinhood. This summer saw a rise of Robinhood traders. With stimulus checks coming through…