Decoder with Nilay Patel cover image

The rise and fall of Vice Media

Decoder with Nilay Patel

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Exploring the Implications of Vice Media's Failed SPAC Deal

This chapter explores the ramifications of Vice Media's unsuccessful SPAC deal, emphasizing how the less rigorous scrutiny compared to traditional IPOs may have concealed financial weaknesses. The discussion highlights the mechanics of SPACs and the missed opportunity for Vice to reveal its true financial condition through a public offering.

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