Here's the Next Stock I'm Going to Buy
2021 started off as the year of the SPAC, as literally hundreds of special-purpose acquisition companies, also known as "blank check" companies, were formed with the hopes of taking exciting private businesses public. And as you might expect, there were some that were successful and others that didn't exactly pan out for investors, as well as hundreds still looking for their targets.
Over the past few months, the SPAC boom has cooled off quite a bit, but that's not to say that there aren't some exciting opportunities in the market. One upcoming SPAC merger involves blank-check firm Khosla Ventures Acquisition II (NASDAQ: KVSB) taking neighborhood-focused social media platform Nextdoor public. I'm planning to open a small position in the company within the next few weeks. Here's why I'm choosing Nextdoor as the next stock I'm going to add to my personal stock portfolio.
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Source Fool.com
