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
March 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 Bloomberg
March 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 Bloomberg
December 28, 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
August 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 Bloomberg
August 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
August 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
August 24, 2023
VinFast chairman and founder Pham Nhat Vuong

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
August 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
July 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
April 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
December 5, 2022
Brandon Mintz
Companies

Bitcoin Depot’s multimillion-dollar plot to build a crypto ATM empire

By
September 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
August 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
July 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 Bloomberg
July 12, 2022

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