How the SPAC bubble blew up and burst

The Next Web
By The ConversationJun 24, 2021, 6:59 am139 ptsTrending
What do Taylor Swift’s record company and Asian “super-app” Grab have in common? They are both part of Wall Street’s recent dealmaking fad: Special Purpose Acquisition Companies (SPAC). SPACs are shell companies that are floated on the stock market with one purpose: to buy another company. This aims to…

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