STREET DOGS: SPACs paying today for who knows what tomorrow
Also known as blank-cheque companies, the mania is not new but it has reached once-unimaginable heights
02 March 2021 - 15:26
From Matt Taibbi at TK News:
SPAC (n) acronym for Special Purpose Acquisition Company: a way to pay millions today for the exciting investment idea someone promises to have tomorrow...