SPACs are still bulls***
I almost slipped and bought into the SPAC Renaissance. Almost. Draftkings looks legit. But Draftkings could have been a true IPO. The SPAC wrapper was beside the point. Chamath and Ackman will probably do something legit, those guys usually find a way to win. Maybe a few others. The rest are / will be garbage. My first impression was right. Nikola’s stock has now fallen from near 100 down into the 20’s as the guy’s ...
source https://thereformedbroker.com/2020/09/23/spacs-are-still-bulls/
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source https://thereformedbroker.com/2020/09/23/spacs-are-still-bulls/
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