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A comment on The Failure of SPACs.

Re:The Failure of SPACs by ethanbond on Monday November 27, 2023 @06:18PM (#38439947)
They perfectly succeeded at their purpose, no? Dump terrible companies on public investors under $GME-era hype without the usual disclosures required for public listing. They nailed it!

Sure a few sponsors got burned here and there, but the gamble was obviously the whole point.

[ Parent | on HN ]
Re:The Failure of SPACs by hilux on Monday November 27, 2023 @06:29PM (#38440054)
And ... Chamath is now worth about $1B, and is generally perceived as being "very successful."

A good PR firm and some well-placed donations should silence any remaining dissenters.

[ Parent | on HN ]
Re:The Failure of SPACs by kamikaz1k on Monday November 27, 2023 @08:42PM (#38441204)
Chamath was a billionaire from Facebook IPO
[ Parent | on HN ]
Re:The Failure of SPACs by __loam on Monday November 27, 2023 @09:46PM (#38441668)
"Man rich from destroying the internet as we know it makes even more money ripping off retail investors"
[ Parent | on HN ]