Could giant SPACs be next?

Re:Could giant SPACs be next? by stewbrew on Sunday January 24, 2021 @05:11PM (#25896697)

I think this is a rather oversimplified view of SPACs. Matt Levine recently wrote a nice piece about the magic of SPACs. Here is a paper he cites: https://corpgov.law.harvard.edu/2020/11/19/a-sober-look-at-s...

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Re:Could giant SPACs be next? by stewbrew on Monday January 25, 2021 @12:30AM (#25899642)

Unfortunately I cannot edit my comment anymore: Here is the text by Levine: https://www.bloomberg.com/news/newsletters/2021-01-08/money-...

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Re:Could giant SPACs be next? by mkr-hn on Sunday January 24, 2021 @11:18PM (#25899052)

Any talk of magic when it comes to money reminds me of the vague, hand-wavy claims of people peddling pyramid schemes.

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Re:Could giant SPACs be next? by ImprovedSilence on Sunday January 24, 2021 @11:46PM (#25899295)

I mean... read the article before you go off on your soapbox. It's not suggesting that SPACs are "magic" as in pull a rabbit out of a hat. It's actually describing the technicalities of who is paying for what in a SPAC.

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