By Adam Lashinsky Contributing columnist The Washington Post February 20, 2024 at 5:45 a.m. EST Yet another Wall Street investment fad has crumbled, this time a dodgy technique for taking companies public called SPACs, or special purpose acquisition companies. As is often the case, regular investors and rank-and-file employees are the losers; hedge fund managers and investment bankers are the winners.
SPACs go splat
SPACs go splat
SPACs go splat
By Adam Lashinsky Contributing columnist The Washington Post February 20, 2024 at 5:45 a.m. EST Yet another Wall Street investment fad has crumbled, this time a dodgy technique for taking companies public called SPACs, or special purpose acquisition companies. As is often the case, regular investors and rank-and-file employees are the losers; hedge fund managers and investment bankers are the winners.