SPACs collapse as $11B of deals are called off within an hour
1–10 of 119 posts
Re: SPACs collapse as $11B of deals are called off within an hour
#2Re: SPACs collapse as $11B of deals are called off within an hour
#3Good. Never should have been allowed in the first place.
Re: SPACs collapse as $11B of deals are called off within an hour
#4Any successful SPACs out there?
Re: SPACs collapse as $11B of deals are called off within an hour
#5I literally read that as
SPACs collapse as $11B of bad deals are called off within an hour
Re: SPACs collapse as $11B of deals are called off within an hour
#6Re: SPACs collapse as $11B of deals are called off within an hour
#7Any successful SPACs out there?
Successful for who? Aren't a lot of them structured so specific parties basically can't lose?
Re: SPACs collapse as $11B of deals are called off within an hour
#8Good. Never should have been allowed in the first place.
When financial instruments like this collapse it doesnt mean money turned to thin air. Rather it means money changed hands.
The people who created and sold this asset probably ended up richer . And average people who bought the hype, sadly, poorer.
Re: SPACs collapse as $11B of deals are called off within an hour
#9Good. Never should have been allowed in the first place.
When financial instruments like this collapse it doesnt mean money turned to thin air. Rather it means money changed hands. The people who created and sold this asset probably ended up richer . And average people who bought the hype, sadly, poorer.
> it doesnt mean money turned to thin air
Of course it does. Wealth becomes money through credit. It promotes spending through the wealth effect [1].
Re: SPACs collapse as $11B of deals are called off within an hour
#10Good. Never should have been allowed in the first place.
When financial instruments like this collapse it doesnt mean money turned to thin air. Rather it means money changed hands. The people who created and sold this asset probably ended up richer . And average people who bought the hype, sadly, poorer.
Chamath Palihapitiya is one of the main perpetrators of SPACs.