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May 30, 2023, 11:20 am130 ptsTrending
Slashdot
The SPAC boom cost investors billions. Insiders in the companies that went public were on the other side of the trade. From a report: Executives and early investors in companies that went public via SPACs sold shares worth $22 billion through well-timed trades, profiting before share prices collapsed. Some of…
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