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(CNBC)   SPACs go splat   (cnbc.com) divider line
    More: Interesting, Space, Mergers and acquisitions, Stock market, Liquidation, single special purpose acquisition company, Krishna, Space exploration, According to Jim  
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998 clicks; posted to Business » on 17 Aug 2022 at 1:38 PM (14 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



11 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-08-17 12:26:32 PM  
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2022-08-17 1:34:51 PM  
I've never heard of a SPAC before.
 
2022-08-17 4:05:36 PM  
A SPAC is an amoeba made of money that eats unicorns.
 
2022-08-17 5:05:32 PM  
SPAC.

SPAC
SPAC

SPAC

SPAC


/SPAC
 
2022-08-17 5:32:29 PM  

Devolving_Spud: [Fark user image 850x426]

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I see this has been covered, carry on.

I've seen so many great shows there. Good times, good times.............
 
2022-08-17 5:34:41 PM  
Splack Pack - Scrub the ground
Youtube aEIGBPyz9EA
 
2022-08-17 6:11:27 PM  

make me some tea: I've never heard of a SPAC before.


It's a paper shell company with the sole purpose of merging with some startup. The SPAC brings a pot of money, the startup brings the business.

The only one I've been following recently is Gores Guggenheim which was created with the sole intention of merging with the Chinese/Volvo owned Polestar auto company. Since the merger it's gone down in value quite a bit.

In theory they're useful, but in practice they just attract dumb cash that wants in on the unicorn startup market.
 
2022-08-17 8:34:56 PM  
theprogressivewing.comView Full Size


SPAC!
 
2022-08-17 9:03:33 PM  

Mr. Eugenides: make me some tea: I've never heard of a SPAC before.

It's a paper shell company with the sole purpose of merging with some startup. The SPAC brings a pot of money, the startup brings the business.

The only one I've been following recently is Gores Guggenheim which was created with the sole intention of merging with the Chinese/Volvo owned Polestar auto company. Since the merger it's gone down in value quite a bit.

In theory they're useful, but in practice they just attract dumb cash that wants in on the unicorn startup market.


Thanks!
 
2022-08-18 2:33:36 AM  

make me some tea: Mr. Eugenides: make me some tea: I've never heard of a SPAC before.

It's a paper shell company with the sole purpose of merging with some startup. The SPAC brings a pot of money, the startup brings the business.

The only one I've been following recently is Gores Guggenheim which was created with the sole intention of merging with the Chinese/Volvo owned Polestar auto company. Since the merger it's gone down in value quite a bit.

In theory they're useful, but in practice they just attract dumb cash that wants in on the unicorn startup market.

Thanks!


Basically a way for a startup to cash out without the scrutiny of an IPO. They are pretty terrible and a good way to lose money.
 
2022-08-18 7:36:26 AM  

The_Homeless_Guy: make me some tea: Mr. Eugenides: make me some tea: I've never heard of a SPAC before.

It's a paper shell company with the sole purpose of merging with some startup. The SPAC brings a pot of money, the startup brings the business.

The only one I've been following recently is Gores Guggenheim which was created with the sole intention of merging with the Chinese/Volvo owned Polestar auto company. Since the merger it's gone down in value quite a bit.

In theory they're useful, but in practice they just attract dumb cash that wants in on the unicorn startup market.

Thanks!

Basically a way for a startup to cash out without the scrutiny of an IPO. They are pretty terrible and a good way to lose money.


Yep sounds like it.
 
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