[23 SPACs] Are Any Worth Investing In?
Palantir picked more than 20 SPACs to invest in and failed miserably. Almost a third of these companies are bankrupt, and the portfolio is down 87%. While PLTR has now exited this mess, one wonders why they couldn't have done a better job picking partners that could actually thrive. Then again, the entire universe of 110 SPACs we covered since they debuted shows similar pathetic performance. Retail investors were screwed over royally with more than 80% of these SPACs losing 50% or more of their value. While bag holders lick their wounds, investors on the sidelines who heeded our warnings may…
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