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The ‘SPAC King’ Is Over It

Por: The New York Times Business December 07, 2022

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Not long ago, Chamath Palihapitiya could be called the Jim Cramer of SPACs.A Facebook executive turned venture capitalist, Mr. Palihapitiya talked up the special purpose acquisition companies — shell entities that provide companies a backdoor entry to public markets — to everyday investors with the same fervor that Mr. Cramer has long pitched stocks on television.Mr. Palihapitiya found an eager audience in 2020, when millions of people were... + full article



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