41–50 of 119 posts
Any successful SPACs out there?
Earlier quoted context omitted.
But once one questions and another answers, the answer would be available right here on Hackernews. Hundreds of people would save time + comprehend better because the answers here would explain in a compact and comprehensive manner and that too from the perspective of a tech-savvy person.
It’s sad that you’re being downvoted for saying that
Any successful SPACs out there?
Not really. You just have to ask yourself why these private companies were even going the SPAC route rather than do a regular IPO. The answer was usually that these were not particularly great companies, and doing an IPO means the company is put under a lot of scrutiny. SPACs are a way to avoid that, so insiders can cash out.
Earlier quoted context omitted.
Not sure why you’re getting downvoted, this is a primarily tech forum and a SPAC is a primarily business concept. It means a “special purpose acquistion company”. It’s effectively a company set up for the express purpose of facilitating an acquistion or merger of companies, so that assets or IP ownership can be moved in an optimally tax or otherwise cost efficient way. Many have argued they provide no value except fo…
> Not sure why you’re getting downvoted, Likely because you'll get the answer from first Google hit quicker than typing the question in English. Edit: I don’t object to the question. Just stating my guess as to why the downvotes occurred.
Google will give you an expansion of the acronym and a generic business definition, sure. But I think it’s nice to be able to contextually tailor the response to the presumed audience of HN and the assumed expertise of the asker.
I get that us engineers are obsessed with efficiency in information sharing, but I do like participating in actually being a human from time to time.
Any successful SPACs out there?
I think RocketLab qualifies.
They look pretty good, but I think it's responsible to hold off on calling them a success until they launch Neutron. From what I can tell, it's not very likely that they can be profitable with just Electron.
Is this literally just two cancellations? I never put any money into a SPAC, but I suspect the shareholders are better off with their money returned than going into a bad deal. Concord raised money at $10/share, and they are returning $10/share back. I don't feel bad for the investor that bought it for $13/share from an exchange and lost $3. Concord didn't do business, they didn't produce a product, they never merited a 30% above cash market price.
Earlier quoted context omitted.
It’s sad that you’re being downvoted for saying that
Innocent question: how do I check whether I am being downvoted? Is this something you see only after you cross the 500 karma points? A quick Google search didn't return anything related.
What is a SPAC?
I only clicked on it because I misread it as SPARC thinking it was an article about Sun's RISC CPU
Earlier quoted context omitted.
> Not sure why you’re getting downvoted, Likely because you'll get the answer from first Google hit quicker than typing the question in English. Edit: I don’t object to the question. Just stating my guess as to why the downvotes occurred.
But once one questions and another answers, the answer would be available right here on Hackernews. Hundreds of people would save time + comprehend better because the answers here would explain in a compact and comprehensive manner and that too from the perspective of a tech-savvy person.
Nobody should flag such a question, but it isn't particularly interesting or insightful.
Earlier quoted context omitted.
It’s sad that you’re being downvoted for saying that
Innocent question: how do I check whether I am being downvoted? Is this something you see only after you cross the 500 karma points? A quick Google search didn't return anything related.