Heather Somerville / Wall Street Journal:
Study: among 44 tech startups that completed a SPAC deal from the start of 2020 through April 2021, their share prices had fallen 12.6% on average by May 17 — Entrepreneurs are increasingly wary about the money-raising tool after watching peers’ stocks slide and investors balk

Business
Facebook whistleblower Frances Haugen tells lawmakers that meaningful reform is necessary ‘for our common good’
John Tye, one of Haugen’s attorneys, noted to CBS that the SEC can shield whistleblowers from retaliation by former employers. According to the SEC, those