3 ms·

Thank goodness it never made it public (first time around). Can you imagine the capital destruction for pension funds?

• pcurve 3y ago
  It still managed to destroy $25billion the second time around, so I would say plenty of damage has been done. Shame of the investors for giving this sky high valuation through SPAC.
  • voakbasda 3y ago
    I imagine the only shame the investors feel is that they couldn’t pump up the share price higher, so they got an even bigger windfall before screwing over everyone that would be left holding the bag.
  • lvl102 3y ago
    I find it very convenient for the Fed to have kept QE while inflation was flashing red hot just so Wall Street could finish making money off of all these SPAC deals. Only when Wall Street finished, did Fed magically come to senses with inflation. Whole thing is rigged.
• shp0ngle 3y ago
  I'm not sure if you are ironic or not. What's bad about pension funds? People need, you know, to live off something when they are old. The old model "we have a lot of kids and they will take care of us" no longer works as people have no kids...
  • detaro 3y ago
    I'm curious how the parent post makes you think they think pension funds are bad thing?
  • hiatus 3y ago
    They are saying that it would have been bad if pension funds had exposure to wework stock.