[jamiek88]

SPAC’s don’t count. They were all scams to start with.

[kikokikokiko]

Why wouldn't SPACs count? What allowed those financial scams, spacs, crypto, zombie companies, was this low interest rates environment, for over a decade. Of course SPACs count, they are a consequence of LIR.

[EFreethought]

I think SPACs are a bit different. They have been around since the 1990s, and for a long time there were maybe a dozen SPACs in a year. In 2021 there were about 600.

I think they will stick around and go back to their previous volume. Grift-o-currency is a scam and I hope it dies soon.

[tempsy]

of course this counts. scooters were viewed at the next Uber in 2017-2018 with massive amounts of funding from well known VCs.

and yes I realize the majority of SPACs were pre-product scams.

[xwdv]

It doesn’t. But if it did, I would still say the collapse wasn’t due to interest rate hikes but rather from increasing regulation banning these scooters from major cities and from a flood of cheap competitors.

[nradov]

I still see people riding rental electric scooters all over most major cities. Seems like a viable business, although mostly commoditized now.

[tempsy]

"it doesn't because i said so!"