Tech
Nearly half of all startups with less than $10 million in annual revenue that went public through SPACs in 2021, mostly in the tech sector, missed their earnings or sales targets. their revenue (Wall Street Journal)
The Wall Street Journal:
Nearly half of startups with less than $10 million in annual revenue that went public through SPAC in 2021, mostly in the tech sector, missed their earnings or revenue goals– Well-known startups that are listed through blank check companies are falling short of revenue and earnings targets — sometimes months after making those forecasts.
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