Why the SPAC Boom Fizzled - What Went Wrong

In March 2021, special-purpose acquisition companies raised $36 billion. In July 2022, no new SPACs raised money. 

At their peak, SPACs accounted for 70% of all IPOs, with $95 billion raised. But now, the market has dried up and shares of companies that did SPAC deals have crashed. WSJ explains the decline of the IPO vehicle.

Tech Leaders Discuss the Metaverse’s Future

It’s one topic that came up again and again at WSJ Tech Live: the metaverse. While Mark Zuckerberg is spending billions on the virtual platform, tech leaders from Snap CEO Evan Spiegel to Oculus creator Palmer Luckey explain why they’re metaverse fans or skeptics.

Meta’s Flagship Metaverse Is Glitchy and Mostly Empty

Nearly a year after CEO Mark Zuckerberg announced the rebranding of Facebook as Meta and a shift in strategy to focus on the metaverse, internal documents show the company falling short of its goals. 

WSJ tech reporter Meghan Bobrowsky joins host Julie Chang with the details.

Management Consulting - Where next?

The CEO-whisperers of Bain & Company, Boston Consulting Group and McKinsey, the trio at the pinnacle of management consulting, are accustomed to operating in the shadows. Of late, though, they have been thrust into the light by scandals.

Read the full story in The Economist HERE.

The magic numbers of management

We are in the age of the data scientist. Employers of all kinds prize people with the skills to capture and analyse enormous amounts of information, to spot patterns in the data and to turn them into useful insights. But some of the most valuable figures in business need neither an analytics team nor knowledge of Python. They are simple to remember and useful for bosses in every organisation. 

This article from The Economist has a small selection of management’s magic numbers.

Read it HERE.

Bitcoin mining: Watt is money?

Using exclusive data from the Cambridge Centre for Alternative Finance, Rhizomatiks gives fresh insights into the impact of the vast energy used to mine cryptocurrency - a business that consumes the same electricity as a medium-sized country. This film, with original music, was made to be viewed as a live video installation and as an online film.

Himars in Ukraine: A Rare Look at Their Use on the Front Lines

U.S.-supplied Himars have played a key role in Ukraine's counteroffensive against Russia. WSJ’s Stephen Kalin gained rare access to the mobile rocket launchers on Ukraine's southern front, where soldiers are targeting Russian equipment and troops.