Meta and Apple enter AR 2024

With Apple Vision Pro officially here, and Meta continuing it’s engineering quest to their third iteration of Quest and Quest Pro, it has been tremendous passed couple years for XR/AR technology. Furthermore the approach to it has been different as you’d expect from these companies, Meta excavating work and play apps and experiences in it’s Horizons Worlds as an ecosystem, while Apple taking their Apple TV playbook out to creating a beautiful piece of hardware that meshes between the world and the experience, while Snap pioneering their software and hardware for creators as their primary target.

SPAC

Special Purpose Acquisition Company

 

SPACs and reverse (IPO) mergers

Source [Wikipedia]

An IPO through a SPAC is similar to a standard reverse merger. However, unlike standard reverse mergers, SPACs come with a “clean” public shell company, better economics for the management teams and sponsors, certainty of financing/growth capital in place – except in the case where shareholders do not approve an acquisition, a built-in institutional investor base and an experienced management team. SPACs are essentially set up with a clean slate where the management team searches for a target to acquire. This is contrary to pre-existing companies going public in standard reverse mergers.

SPACs typically raise more money than standard reverse mergers at the time of their IPO. The average SPAC IPO in 2018 raised approximately $234 million compared to $5.24 million raised through reverse mergers in the months immediately preceding and following the completion of their IPOs. SPACs can also raise money faster than private equity funds.  The liquidity of SPACs also attracts more investors, as they are offered in the open market.

SPACs risk factors seem to be lower than in standard reverse mergers. SPACs allow the targeted company’s management to continue running the business, sit on the board of directors and benefit from future growth or upside as the business continues to expand and grow, with a public company structure and its access to expansion capital. The management team members of the SPAC typically take seats on the board of directors and continue to add value to the firm as advisors or liaisons to the company’s investors. After the completion of a transaction, the SPAC usually retains the target company’s name and registers to trade under that name on the NASDAQ or the New York Stock Exchange.

What’s next?

December 2018, March 2020, and 2022 Beyond

Once upon a time, in 2018, The Day After Christmas

⏳Haven’t updated this section yet.

The Pandemic Experiment

⏳Haven’t updated this section yet.

Things are going to get better

We’ve adapted to exist within a riskier world, industries quickly pivoted to remote, virtual and “social-distancing” relationships, transactions and business operations. Things aren’t going to reverse, things are going to be different from here, and how much better the future works for us all from these current levels will largely depend on the kind of society and governance we evolve to in the coming months.

SNAP

Snapchat

Status:
Currently traded

Outlook:
Positive / Mid-term mature

↗ Scaling Ramp

With a proven track-record to continuously innovate, as well pivot vision, features and monetization, this lens-technology company, and close-friendship cultivator social media platform, has more pros than cons in 2021. Having learned a tremendous about himself, running a tech and public company, teams, and even relationships in the course of the passed 3-4 years, the company leadership has demonstrated exceptional ability to navigate the market and most important stay ahead of the ball. With XR Creative Studio and hardware, Snapchat gives advanced and amateur creators the tools to dream-up a new industry (which as been fruitful and mutliplying ever since XR/VR technology costs, accessibility, and usability factors improved).