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Quick Thoughts on SPACs and Misaligned Incentives

Buy the rumor, sell the news

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Dave Friedman
Sep 20, 2020
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Today’s entry is a quick summary of SPACs and misaligned incentives.

First, a brief bit of background: SPACs, which are increasingly popular in 2020 as a method for getting privately held technology companies to become publicly traded entities, have been around for more than 30 years. And for a majority of those 30 years, they have had a bad reputation …

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