What The Heck Happened To SPACs — With Charles Duhigg
Big Technology Podcast
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The SPAC Saga: Promises and Pitfalls
This chapter explores the tumultuous journey of SPACs in the investment world, focusing on Virgin Galactic's inflated expectations and disappointing outcomes. It highlights the disparity between savvy investors and retail backers, who found themselves misled by enticing narratives. Additionally, the chapter discusses the regulatory changes shaping SPACs and their implications for future investments, while emphasizing the broader themes of narrative economics in financial markets.
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Transcript
