Shares of Peloton Interactive (NASDAQ: PTON) were popping today on multiple reports that showed the connected fitness company gaining interest as a potential acquisition target. Activist investors have pushed the company to sell itself, and media reports on Friday indicated that both Amazon and Nike were considering making an offer. As of 2:32 p.m. ET today, Peloton stock was up 19.7% on the news. Read More...
Motley Fool
Why CF Acquisition Corp. VI Stock Popped 29% Today
Shares of special purpose acquisition company (SPAC) CF Acquisition Corp. VI (NASDAQ: CFVI) had surged 29.2% as of 1:10 p.m. ET Monday, after the company that this SPAC plans to merge with and take public, Rumble, made a public bid to get Joe Rogan to leave Spotify Technology for Rumble. If you’re not familiar with Rumble, check out this quick primer from my colleague Rich Duprey, who explains how Rumble aims to become a platform for artists who’ve been “canceled” on Facebook, Twitter, and YouTube.
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