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176. Chamath's New SPAC (Detailed Breakdown) Plus Europe’s Yield Curve Warning
Send us Fan Mail This week on The Skinny on Wall Street, Kristen and Jen dive into the resurgence of SPACs and yes, Chamath Palihapitiya, the once-dubbed “SPAC King,” is back with a brand-new deal. We unpack what a SPAC really is, why they exploded in 2020, changes in the new structures and more. From warrants and dilution to sponsor “promotes” and fee double-dips, we break down the mechanics in plain English and debate whether this latest wave feels like opportunity or déjà vu all over again. Alongside the SPAC talk, we zoom out to explore what’s happening in broader markets. Jen highlights…
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