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There's a tsunami of SPACs hitting the market. Many of these companies are subpar and have complex features and securities attached, but investors are gobbling these up. The king of SPACs is Chamath Palihapitiya and the issues he's involved with can't be ignored. There's no ta...
Social Capital Hedosophia Holdings VI (NYSE: IPOF) , a special purpose acquisition company (SPAC) headed by Chamath Palihapitiya that raised $1 billion in 2020, is soaring today. As of 3:10 p.m. EST, the blank-check company, as SPACs are called, had gained 9% after rising as much as...
There's a tsunami of SPACs coming to market. These are almost custom-designed to benefit from a hot market that isn't too discriminating. Many of these companies are subpar and have complex features and securities attached, but people are eating them up. Among the basket, ther...