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SPAC Boom was coincident with money supply and one the most inflationary times. Median return of 2022 SPAC mergers was -82%, but so was pretty much all high P/
by systemvoltage 3y ago
SPAC Boom was coincident with money supply and one the most inflationary times.
Median return of 2022 SPAC mergers was -82%, but so was pretty much all high P/E ratio companies.
Cloudflare is down -72% from ATH in 2022.
Defending against the inevitable strawman: I am not saying anything about whether SPACs are good/bad investments. But, in order to show the full strength of their "badness", the author needs to tell us more about the overall market and contrast that with SPACs.