Nextdoor SPAC Deal Set to Infuse Juice into Social Media Stocks (FB, TWTR, CMGR, SNAP, PINS, SOCL)

Traders and investors should expect the social media space to regain the spotlight following yesterday’s news that growth juggernaut Nextdoor – the hyperlocal neighborhood social network – is getting set to go public. The deal is expected to be worth $4-5 billion and will happen via SPAC (sponsored by Khosla Ventures). According to Axios, when […]