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by WheelsAtLarge 29 days ago
You all renember SPACs,Special Purpose Acquisition Companies. And all the "experts" who needed the money because they had some great investment that could not be financed any other way. That wave hit its peek less than 5 years ago. Yup, that was a great way to invest. I suspect it happens at every cycle.
1 comments

Not sure why you're downvoted. Chamath Palihapitiya was a tome of SPAC heyday.
I guess some people didn't get that I was being facetious. Just to be clear, SPACs did not turned out to be great investments as a whole. There are definitely better ways to invest your hard earned money.