The SPAC Ship Is Sinking. Investors Want Their Money Back.

Discussion in 'Wall St. News' started by ajacobson, Jan 21, 2022.

  1. I agree most SPACs are pure trash. Just like most Dot Com IPO’s in the late 90’s.

    A few of them will survive and turn out to be solid businesses (AMZN YHOO EBAY etc), but the majority will be gone within a few short years.

    If I had to pick a few possible winners they would be-
    SOFI
    DKNG
    HLLY
    LCID
    MTTR

    And complete lottery ticket zero or hero bets would be- DNA, STEM, FUBO, IONQ
     
    #11     Jan 22, 2022
  2. virtusa

    virtusa

    More and more people ask to be scammed. They all dream of becoming millionaire overnight with a $100 "investment". Returns of 1000% are modest today...

    We have:
    • crypto's
    • spacs
    • nft's
    So you can choose where to lose your money.
     
    #12     Jan 22, 2022