Oracle considers TikTok, Putin and Belarus, and the rise of “blank-cheque companies”
FT News Briefing
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The Resurgence and Risks of SPACs in Today's Market
This chapter explores the recent revival of Special Purpose Acquisition Companies (SPACs), contrasting successful examples like DraftKings with the fraudulent Akazoo. It discusses the high rate of losses for investors post-merger and posits that better structures could enhance SPACs as a financing option moving forward.
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