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It would be like 1999 again, where a junk company goes public and raises $20+ million, the collapses in 2 to 3 years.
by icedchai 6y ago
It would be like 1999 again, where a junk company goes public and raises $20+ million, the collapses in 2 to 3 years.
- beambot 6y agoSubstitute "SPAC" for "junk company" and you basically described the current situation. There are some that are legit, but many of them are "greater fool" scenarios -- and that ratio is getting worse as acquisition targets dry up. No one wants to give their SPAC money back, less the music stops...