SEC proposes law that would make SPAC (privately created hedgefunds that acquire private companies to make public) under the same regulations as an IPO (normal way of taking a company public). Claims to protect investors, but IPOs regulations don't protect either. So, why? - Kotaku In Action 2

SEC proposes law that would make SPAC (privately created hedgefunds that acquire private companies to make public) under the same regulations as an IPO (normal way of taking a company public). Claims to protect investors, but IPOs regulations don't protect either. So, why? (archive.ph)

posted 2 years ago by GeneralBoobs 2 years ago by GeneralBoobs +18 / -0

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– NotAGlowy 2 points 2 years ago +2 / -0

SPACs normally have unfavorable advantages for big investors:

https://youtu.be/GrWgFNmvEwE

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– GeneralBoobs [S] 3 points 2 years ago +3 / -0

That's funny because Butzfucked, Beyond Meat, and several others have all been big advantages for the early super rich investor in the shadowy method of IPOs, and no one said a thing outside a few malcontents in the media. And they all lost their value pretty quickly as the early investors dumped stock at market rates, netting millions or more for their minor investments. I'm pretty certain the only reason Peter Thiel hasn't divest completely from Facebook is the fact the stock never went astronomical.

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