Mentioned:
NXDR -3.95% OPEN -11.01%
Eric Jackson is betting on a new publicly traded technology company. But, why?
What’s happening:
- Fund manager Eric Jackson has publicly disclosed he has taken a new equity position in Nextdoor Holdings (NYSE: NXDR)
Why it matters:
- Nextdoor Technologies is one of the largest technology companies in the world focused exclusively on building a social network for neighbourhoods that connects individuals and businesses living within close proximity to each other
Going deeper:
- Nextdoor Technologies was originally taken public in a SPAC deal led by legendary venture capital fund Khosla Ventures and has many notable early stage investors including Tiger Global, Benchmark and Kleiner Perkins
- Eric Jackson previously made major waves on Wall Street when he took a position in Opendoor (NASDAQ: OPEN) and was publicly outspoken for changes to be made to the leadership team, which ultimately led to the return of Opendoor co-founders Keith Rabois and Eric Wu
