In the wake of the lawsuit against Bill Ackman's SPAC, nearly 50 law firms have banded together to voice their defense of the blank-check firms. The firms are pushing back on lawsuits against SPACs that claim the companies are operating as investment firms and should be regulated as such. Here's what else you need to know.
BNPL player Affirm is hiring a senior product manager to join its "Powered by Affirm" team, according to a job posting seen by Insider. The new team is part of Affirm's push to personalize its tech for marketplaces and merchants looking to launch buy now, pay later offerings of their own.
Tiger Global Management is known for the unorthodox ways it backs startups - and entrepreneurs who have chosen Tiger as an investor see its approach as a much-welcome change of pace. We spoke with six founders backed by the firm to see what sets Tiger apart.
Jack Dorsey's payment company, Square, is looking to create a decentralized exchange for bitcoin, which would allow for peer-to-peer transactions without the need for an intermediary. Get the latest on Dorsey's plans.
As the market for talent heats up, bankers are increasingly hitting up professors and career counselors for hiring advice and intel on rival firms - a practice that can put counselors in the middle of Wall Street's recruiting tug-of-war.
David Rosen's $1.5 billion hedge fund, Rubric Capital, has been a top performer since spinning out of Steve Cohen's SAC Capital. The manager is up nearly 15% through the first half of this year, and has a new biggest position in its portfolio: natural gas transporter Golar LNG.
The Wall Street Journal reports that direct listings have paid off for investors so far, and are here to stay.
PayPal is exploring a stock-trading platform for its US customers, CNBC reports. More on that here.
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