The Spectacular Rise Of SPACs: The Backwards IPO That's Taking Over Wall Street

G

guru


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This year, the hottest trend on Wall Street could be summed up in one strange and unfamiliar word: SPAC.

Shaquille O'Neal's got a SPAC. Former House Speaker Paul Ryan's got a SPAC. Famed investor Bill Ackman launched a $4 billion SPAC. And a 25-year-old became the youngest self-made billionaire thanks to — you guessed it — a SPAC.

So what is a SPAC? A "special purpose acquisition company" is a way for a company to go public without all the paperwork of a traditional IPO, or initial public offering.
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You mean the SPECTACULAR RISE OF BUBBLES

Another bubble has already made it to wallstreet

The SPAC bubble!!!!!!!!!!!!!!
 
S2007S said:
You mean the SPECTACULAR RISE OF BUBBLES

Another bubble has already made it to wallstreet

The SPAC bubble!!!!!!!!!!!!!!
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But does it matter? Without bubbles this website, the big stories, the big traders and the big trades - might've not existed.
 
What is the social value of SPAC? They aren't real businesses providing real products/services and real jobs to people. Isn't it inefficient allocation of money to put $$ into SPACs? Did I miss out anything about their social value? They look socially useless to me. Another toy for fund managers to get rich without providing social value.
 
learner88 said:
What is the social value of SPAC? They aren't real businesses providing real products/services and real jobs to people. Isn't it inefficient allocation of money to put $$ into SPACs? Did I miss out anything about their social value? They look socially useless to me. Another toy for fund managers to get rich without providing social value.
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They have more social value than alcohol doled out by socialists to people who refuse to get educated and provide social value to themselves and to others. No one owes anyone jobs or money, social value, family value, or anything else for that matter. No one cares whether you think they do something inefficient with their money. It is not your business. "Real jobs" don't need to exist if no one decides to create them. If you want to provide social value then go ahead and create jobs.
While fund managers may create more social value with SPACs than you can imagine, so blurting out nonsense doesn't mean they don't do something that you can't understand.
 
learner88 said:
What is the social value of SPAC? They aren't real businesses providing real products/services and real jobs to people...
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*Shakes head.*

What is the "social value" of any company wishing to go public? (And by the way, you mean "socially-redeeming value".)

If you want to provide a real business that provides real products/services and real jobs to people with some seeder cash, then start a roofing SPAC.

See how well that works out. Da FUQ man.

 
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