4 ms·

Except with a startup or a company's stock, you ostensibly care that what the company is building or doing could potentially have value in the future. With the

by mjr00 4y ago

Except with a startup or a company's stock, you ostensibly care that what the company is building or doing could potentially have value in the future. With the crypto projects over the past few years, it's purely been about whether or not you hop in early enough in the pyramid to resell your tokens to a greater fool before it collapses.

Clubber 4y ago
It's like a company "Stocks, Inc" that just issues their own stocks as a product. When you put it that way, it definitely sounds suspect.
- mjburgess 4y ago
  Yes: there is no product.
- wmf 4y ago
  Do not look into SPACs; you may not like what you find.
  - vkou 4y ago
    The product of a SPAC is 'selling' another company the rights to be traded on a stock exchange. That's, in theory, a non-trivial product, given how much IPO underwriters tend to charge.
  - latchkey 4y ago
    SEC changed the rules. SPACs are much more difficult now.