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SPACs

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SPACs
Former president Donald Trump
Politics
Trump stands to make $3.5 billion from his 60% share of Truth Social now that it has become a meme stock
By Paolo ConfinoMarch 21, 2024
Judge clears way for Trump Media merger vote that could spell $4 billion windfall for ex-president
Finance
Judge clears way for Trump Media merger vote that could spell $4 billion windfall for ex-president
By Jef Feeley and BloombergMarch 9, 2024
SPAC companies accounted for at least 21 bankruptcies this year and a staggering $46 billion in lost investor value
Finance
SPAC companies accounted for at least 21 bankruptcies this year and a staggering $46 billion in lost investor value
By Jonathan Randles, Amelia Pollard and BloombergDecember 27, 2023
Short seller Jim Chanos
Finance
Short-seller Jim Chanos called Vietnamese carmaker VinFast a $200 billion ‘meme stock’—the price collapsed hours later
By Christiaan HetznerAugust 30, 2023
Don’t get carried away with SPAC fever just because of VinFast’s meteoric 400% rise this month. Most of its peers are duds
Finance
Don’t get carried away with SPAC fever just because of VinFast’s meteoric 400% rise this month. Most of its peers are duds
By Bailey Lipschultz and BloombergAugust 29, 2023
A worried stock market trader looks up at the big board.
Finance
Vishal Garg, the CEO who mass-sacked employees over Zoom, suffers epic SPAC disaster as Better.com shares nose-dive over 90%
By Christiaan HetznerAugust 25, 2023
Better.com CEO Vishal Garg has come under fire for the way he's treated employees.
Finance
The CEO famous for sacking 900 staff via Zoom says he’s worked ‘really, really hard’ to change, as Better.com tests SPAC waters
By Christiaan HetznerAugust 24, 2023
VinFast chairman and founder Pham Nhat Vuong
Finance
Watch out, Elon Musk—Vietnam’s new carmaker nips at Tesla’s heels after surpassing Mercedes and BMW in value a week into its SPAC listing
By Christiaan HetznerAugust 23, 2023
OpenAI founder and CEO Sam Altman holding two paper cups.
Environment
Sam Altman just took a nuclear energy startup public for $500 million. Its CEO wants to provide ‘energy at planetary scales for a billion-plus years’
By Paolo ConfinoJuly 11, 2023
Billionaire venture capitalist Chamath Palihapitiya is known as the SPAC king.
Tech
SPAC king Chamath Palihapitiya warns faux profits no longer cut it now that startups forced to quit zero-interest-rate policy era cold turkey
By Christiaan HetznerApril 5, 2023
Circle CEO Jeremy Allaire at Fortune's Brainstorm Finance conference on June 19, 2019, in Montauk, N.Y.
Companies
Circle pulls the plug on SPAC as stablecoin giant announces it is profitable
By Jeff John RobertsDecember 5, 2022
Brandon Mintz
Companies
Bitcoin Depot’s multimillion-dollar plot to build a crypto ATM empire
By Marco Quiroz-GutierrezSeptember 21, 2022
Photo illustration of Canoo CEO Tony Aquila in front of Canoo's EV van with Walmart logo.
Finance
Inside the chaos at Canoo, the zero-revenue, cash-burning EV company that just inked a major deal with Walmart
By Jessica MathewsAugust 27, 2022
SoftBank partner says some startups haven’t adjusted to operating in a bear market—and venture capital investors are partly to blame
Conferences
SoftBank partner says some startups haven’t adjusted to operating in a bear market—and venture capital investors are partly to blame
By Anne SradersJuly 15, 2022
Bill Ackman liquidates largest SPAC ever and returns $4 billion to investors as blank-check era fades
Finance
Bill Ackman liquidates largest SPAC ever and returns $4 billion to investors as blank-check era fades
By Scott Deveau, Michael Hytha and BloombergJuly 12, 2022
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