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Technology Stocks : Blank Check IPOs (SPACS)

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To: Glenn Petersen who wrote (3266)11/12/2021 4:51:47 AM
From: Glenn Petersen2 Recommendations

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A new SI board devoted to Matterport (stock symbol: MTTR): Matterport (MTTR) | Stock Discussion Forums (

When MTTR completed its merger with Gores Holdings VI on July 22, its shares were trading at $14,47. The stock closed at $22.20 yesterday, While it describes itself as a "...spatial data company leading the digital transormation of the built world," it could be more accurately described as a AI / metaverse play.

From the press release originally announcing the deal:

Matterport takes buildings online so customers can more efficiently design, build, promote and manage their most valuable assets from any fdevice. It starts with the Company's groundbreaking digital twin technology and deep understanding of buildings and spaces, bridging the physical and digital worlds. Matterport's proprietary AI technology automatically creates a dimensionally accurate, photo-realistic, three-dimensional digital twin of any building that is loaded with spatial data. The AI understands what is important about a building or space such as geometry, layout, structural analysis and contents, including furnishings and equipment. Matterport's spatial data provides unparalleled building insights and analysis so that customers have a more efficient and scalable way to experience and manage buildings.
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