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Birds scooter (remember them?) was just kicked off NYSE and trading on OTC. It's literally down -99.7% since they IPO'd. This was valued at nearly $10B at the

• jamiek88 3y ago
  SPAC’s don’t count. They were all scams to start with.
  • tempsy 3y ago
    of course this counts. scooters were viewed at the next Uber in 2017-2018 with massive amounts of funding from well known VCs. and yes I realize the majority of SPACs were pre-product scams.
    • xwdv 3y ago
      It doesn’t. But if it did, I would still say the collapse wasn’t due to interest rate hikes but rather from increasing regulation banning these scooters from major cities and from a flood of cheap competitors.
      • tempsy 3y ago
        "it doesn't because i said so!"
      • nradov 3y ago
        I still see people riding rental electric scooters all over most major cities. Seems like a viable business, although mostly commoditized now.
  • kikokikokiko 3y ago
    Why wouldn't SPACs count? What allowed those financial scams, spacs, crypto, zombie companies, was this low interest rates environment, for over a decade. Of course SPACs count, they are a consequence of LIR.
    • EFreethought 3y ago
      I think SPACs are a bit different. They have been around since the 1990s, and for a long time there were maybe a dozen SPACs in a year. In 2021 there were about 600. I think they will stick around and go back to their previous volume. Grift-o-currency is a scam and I hope it dies soon.