Daily Archives: April 7, 2023, 10:29 am

Companies That Went Public via SPACs Log Billions of Dollars in Goodwill Write-Downs – WSJ

Companies that went public through mergers with special-purpose acquisition companies in recent years booked billions of dollars in goodwill write-downs in 2022, reflecting in part a reckoning of the heady premiums paid to secure deals during the SPAC boom. Some of the biggest goodwill impairments in 2022 came from SPAC-backed companies like cryptocurrency platform Bakkt Holdings Inc., business-services provider Advantage…

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Robinhood Faces $10.2M Penalty From Multiple U.S. States Over Technical Failures, Investor Harm

Retail trading platform Robinhood is set to pay up to $10.2 million in penalties for operational and technical failures that harmed investors, according to a Thursday announcement from a California regulator. The California Department of Financial Protection and Innovation (DFPI) has joined the multi-state settlement, which followed a North American Securities Administrators Association (NASAA) investigation into Robinhood platform outages in…

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