3min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

E74: Market update, inverted yield curve, immigration, new SPAC rules, $FB smears TikTok and more

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

What's the Difference Between a Blank Jack Company and a Company Forecast?

Sans, let me just sa ti on the spact, no answer that question, no. If you read the comment that te the first c c proposed rule was to make the liability safe harbor for forward looking statements such as business forecasts,. unavailable in filing spice facts. A the statements that are made in an ipo an tas one need to be kind of factually referenced, referenceale. And that's not true when it comes forecast. But in a spack the appeal was, you can tell your forward looking forecast, paint the rosy picture, like you would for a start-up and then theoretically, the investor should make an assessment of the risk and the upside.

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