This chapter delves into Ackman's unique conception of a SPAC, Pershing Square, Tontine Holdings, and its $4 billion raise without finding a deal. It examines the advantages of SPACs for accessing early-stage startups and the potential drawbacks of their popularity. The chapter also explores the challenges of managing a public company and the interest in alternative ways to go public.
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Today’s show:
Jason is back to break down the news: Bill Ackman's SPARC (1:32), Unity CEO steps down due to developer revolt over pricing changes (15:33), the AI operating cost problem (32:17), the latest on SBF's trial (45:32), and more!