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I was very disappointed to see that Taibibi piece hit the front page regarding SPACs and how they are a bubble. More companies are going public, and there are

by wyxuan 6y ago

I was very disappointed to see that Taibibi piece hit the front page regarding SPACs and how they are a bubble. More companies are going public, and there are even some undervalued SPACs. The key issue is overinflated asset prices, not SPACs.

YinLuck- 6y ago
The kind of SPACs we are seeing is what indicates something is fishy. Just look Lucid Motors. They have no product -- their first car is still in development... and yet they are about to be a public company with a market cap that matches or exceeds many in the SP500.