Startups

Equity Monday: Vaccine news scrambles the stock market, shakes up startups

  • Joe Biden was elected President and the stock market is not mad about divided government.
  • Positive vaccine news sent many stocks sharply higher this morning, but not all. Some pandemic-favored tech companies instantly dropped double-digit percentage points of value.
  • Esign raised $151 million, showing strength in the Chinese startup market, and the esignature space.
  • And this neat Series B for Cellwize caught our attention this morning.
  • Finally, a warning. The stuff that is changing lately may begin to change a bit less. We’ve lived in the pandemic economy long enough now that it’s hard to recall what life was like before. But, we’d best start remembering as there’s a lot that is going to change in the next few quarters.

This post first appeared here: https://techcrunch.com/2020/11/09/equity-monday-vaccine-news-scrambles-the-stock-market-shakes-up-startups/

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