4min chapter

Acquired cover image

Virgin Galactic

Acquired

CHAPTER

Isn't That Thet IPO Pop?

The i p o pop is the market value of companies that are being bought by investment bank clients. Chamath says there's a wealth transfer happening when people buy something for 20 bucks and then sell it to their friends for thirty or forty dollars. He comes up with an alternative vehicle called a special purpose acquisition company, or a spack....

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