Textbooks will be written about the world-changing events of 2020, and one of them will surely be about the markets story of the year: special purpose acquisition companies. SPACs exploded in popularity and show no sign of slowing down in 2021, with celebrities, former politicians and big-name investors signing on to back the blank-check companies. But the trend raises questions — big ones — that need to be answered. Investors in SPACs Need to Know the Real Deal — Bloomberg's editorial board SPAC Magic Isn't Free — Matt Levine Goldman Sachs Is Right to Warn About SPACs — Chris Bryant London Is Losing the SPAC Fight With New York — Chris Hughes Bitcoin and SPACs Give 2021 an Early Retro Flavor — John Authers SPAC Superstar Chamath Palihapitiya Faces Some Awkward Questions — Chris Bryant The Fed Can't Ignore Its Role in GameStop Saga — Jared Dillian This is the Theme of the Week edition of Bloomberg Opinion Today, a digest of our top commentary published every Sunday. |
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