The year 2021 was an exciting time for businesses. The world is becoming more globalized, and it’s important to prepare their company for the changes that are happening in society. Here are some of the biggest business moments that happened in 2021:
1.SPACs hit the big time:
Special Purpose Acquisition Companies (SPACs) have existed for a longer period and reached a new milestone in 2021 compared to previous years alongside prominent companies in taking over companies. In 2021, SPACs made a $10 billion deal with Apple. The deal was made possible by SPACs’ ability to raise money from investors. SPACs are publicly traded blank-check companies created to acquire a target company for a predetermined price.
2.NFTs grow in value.
Non-Fungible Tokens (NFTs) have grown in value thanks to the growth of blockchain technology. NFTs are unique and are not interchangeable with other tokens, which means that each token is different from the other. This makes it possible for individuals to sell their tokens on exchanges. In 2021, NFTs increased in value, making them a profitable investment option for investors.
3.The Reddit crowd fights back in the public markets.
In 2021, Reddit was able to raise $300 million in their IPO, which was a significant increase from the $200 million they were hoping to get. However, the company’s shares fell by more than 50% after the public offering. Reddit had expected that there would be a lot of interest in its stock since the site has more than 330 million active users. The company’s shares fell due to concerns that it would be unable to grow its revenue and its ability to resist competition from other social media giants such as Facebook, Twitter, and Snapchat.
4.Facebook/Meta goes under the microscope.
The Facebook/Meta merger was the focus of many regulators in 2021. The Federal Trade Commission (FTC) has highly scrutinized the deal because it involves two companies that are dominant players in their respective industries, namely social media and virtual reality. The FTC is concerned that the deal will lead to Facebook having too much control over people’s online activities, which may be detrimental to consumers.
In conclusion, there is a lot of potential in the year 2021 due to the advancements that have been made in blockchain technology, artificial intelligence, and quantum computing. These technologies will significantly impact how individuals live, work, and play.