Colin Kaepernick SPAC deal with minority lender is said to collapse
Colin Kaepernick-backed SPAC Mission Advancement Corp.'sdeal to buy a lender that focused on minority borrowers is to have collapsed.The SPAC's deal to acquire The Change Co. is said to have ended over the former NFL quarterback and social activist's reluctance to appear on TV to promote the deal including appearing on "Good Morning America," according to a WSJ report. Kaepernick declined to be involved in interviews surrounding the transaction.A spokesman for Kaepernick’s Mission Advancement to
JD Stock: The Tencent News That Has Chinese Tech JD.com Tumbling Today
JD.com stock is taking a beating on Thursday following news about Tencent giving away its stake in the Chinese e-commerce company.At least, Tencent will give away most of its stake in the company. It announced a special one-time dividend that will have it distributing shares of JD stock to its shareholders. That will have to reduce its ownership of the company’s stock by 457 million. That will drop its stake from 17% to 2.3%.According to Tencent, it’s reducing its stake in JD.com because the com