3 ms·
I was going to ask this same question. Literally every SPAC I can think ranged from bad to unmitigated disaster. Probably my favorite example is Getaround, the
by hn_throwaway_99 2y ago
I was going to ask this same question. Literally every SPAC I can think ranged from bad to unmitigated disaster. Probably my favorite example is Getaround, the car sharing company that tanked immediately after the SPAC merger. How did that deal even happen?
Does anyone know of a site that tracks the outcome of SPAC mergers? I found some articles but most of them are pretty old. Curious if there have been any successes.
It feels like so much "financial innovation" of the past 30 years in that it was just a way for rich people to get even richer and, as you say, leave the dumb money as bag holders.