How The 'SPAC King' Forever Changed The IPO

[@Michael-ok6pe]

Chamath is doing what is best for Chamath. Cares only about himself and it's very obvious.

[@ErnestoGluecksmann]

Can you give an example of someone who isn't looking out for themselves?

[@Michael-ok6pe]

@@ErnestoGluecksmann I am not saying anything is wrong with that and think nobody is perfect in not looking out for themselves. What I am saying is many have been hurt buy fake altruism of Chamath.

[@trifeccta]

@@ErnestoGluecksmann he supported a scam crypto project

[@monasa4676]

@@trifeccta which one?

[@trifeccta]

@@monasa4676 check coffeezillas video on it

[@jaytsecan]

Chamath, to me, comes across as a very smooth talking billionaire con man. I would listen to what he says, but then analyze it very critically so as to be aware of the subconscious manipulations in his delivery.

[@JPowerMMA]

Prolly does it subconciously. Were not all introvert analysts

[@rbkrishnasarma]

he's just an investor and speculates!

[@JohnSmith-bm6zg]

“You are being programmed”; while programming you lol

[@johngee9018]

It's odd that the bio skipped the part Chamath played in the AOL-Time/Warner merger and jumps straight into getting a job at FB after being disgruntled as a trader.

[@alexNGMI]

How can we learn more about the merger? Chamath was the disgruntled trader?

[@emanik2]

@@alexNGMI Chamath was an IB analyst - not a trader.

[@fitnesspoint2006]

Chamath was never a trader! During his time algos had already taken over 65 - 75% of trading activity

[@davz203]

Im upset i wasted time just to get to the end of this bio just to see clear false bias in what theyve said. Around the 15 minute mark the show a char where SPCE is down 60% and with the verbiage they use it implies thats since IPO...which is not the case...SPCE is still up 100% since IPO which was only two years ago

[@paulmorgan4177]

Now two years later SPCE has crashed to $1.64. Keep believing.😆@@davz203

[@swedesam]

SPACs' financial mechanics do not seem to benefit typical investors. They seem to give off bag-holder vibes.

[@arghonandi6818]

Because there isn't any benefit for retail investors. You are letting someone with conflicting interests hold your

[@chrisvongpraseuth1915]

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[@chrisvongpraseuth1915]

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[@sngs9565]

Exactly!

[@MixedEconomy12]

Just a bit!

[@krunalzala8747]

Chamath and Cathie wood talk so much about their side investments when it’s players like Tesla Facebook Amazon that made their wealth.

[@abhijitkalita6002]

Exactly

[@donnyt857]

Chamath uses SPACs to pump and dump. I saw the trend of all the SPACs over 2019-2020. Open high and people sold and it all dropped.

[@2beJT]

SEC should look into how SPACs are valued..

[@Juri12345]

The reporter is really bad at speaking with a teleprompter

[@ibnawf112]

... Lol this man throws around "democracy" "social" -- everyone just falls for it. He is a slick speaker

[@aperture0]

Exactly! And SPACs are the biggest scam.

[@kennethli8]

I never fell for his lies.

[@jonathanacosta7509]

I’m not defending him, but I suggest everyone here not allow 1 Bloomberg QuickTake video to smear your opinion of the guy. Research him and things he’s done and make up your own mind.

[@watchlistsclips3196]

Can you tell us about your research

[@Jerry-tg2lj]

@@watchlistsclips3196 in a comment section!?!?!? Why does he have to write a full blown evidence filled essay on a youtube comment section? As he suggested, go do your own research

[@69elchupacabra69]

@@Jerry-tg2lj An argument has been made why Scamath is not the messiah as he painted himself to be. If Jonathan is arguing it's Bloomberg's video is without merit, then the burden is on Jonathan to convince us. You don't get to make a claim then say "do your own research". Otherwise what's the point of having a discussion at all?

[@69elchupacabra69]

@@jagdiogan424 Did you even read my comment? Where in that was I actually "so upset"? I merely responded to @Jerry, not Jonathan

[@jonathanacosta7509]

I didn’t claim it’s without merit. I’m just saying don’t use a 16 minute video as your only source to form an opinion. There are plenty of talks he’s given and plenty of other KZbinrs analyzing his actions so you can decide if he’s a scammer or not.

[@somenormie]

It’s not hard to be the king of spacs when you’re already a millionaire. It’s easy for you to find opportunities that aren’t offered to retail investors, who are forced to wait to buy publicly.

[@esgee3829]

like thiel's roth ira investment

[@GratefulDave93]

Bill Ackman would like a word.

[@shivamkaushik7589]

there are million millionaires, not evveryone did it

[@billytuff8286]

American financial system in a nutshell right here

[@joenathan1007]

It's like you are saying it's not hard for collage degree to get high paid job.while there are millions or more people whole have no proper education but who become even more richer then who got then self a degree. It all about bringing your vibration/energy to the environment where it can be attractble .

[@Anthraxxxxx]

Chamath is more like a shady...guy who pretends to be on the poor mans side but is actually abusing them just like wall street haha

[@thill9k]

Just like 45

[@JamesRoyceDawson]

This guys been in Jake Tran’s videos quite a lot and I’ve always been suspicious of him being a bullshitter. This video just adds to that perception for me

[@primeroultimo]

@@kunalmandhare3144 jake tran

[@rusitoexplorador]

What is your opinion on that guy?

[@JamesRoyceDawson]

@@rusitoexplorador Jake? I used to respect his opinions as they were fairly unique, but as he’s gone on, it’s become clear he’s not nearly as smart as he seemed. Lots of conspiracy hints and gold bug talking points

[@tomr164]

This was known 1 year ago...

[@swim4life537]

Jake has become a bag chaser he sells out to everyone

[@business_central]

The whole time i was expecting some huge busting, but actually not much new... Do Ackman next

[@samsonsoturian6013]

Chamath is full of it. Accusing everyone else of his exact goals and racket.

[@darshanbathija93]

I’m waiting for the besties to talk about this

[@davidishola4973]

Chamath is going to be roasted at least before he gets a chance to explain

[@SpreadTheTruthUSA]

Yesssss

[@Kworks86]

Did they"¿

[@howo357]

They seem to avoid talking about chamaths SPAC. Even though it seems Jason is pretty anti spac

[@obakengmogafe880]

I can’t wait for this

[@asimpleguy2730]

I don’t really like the stuggered/slow talking style of the host.. very hard to follow for a non native English speaker

[@haluksenlik]

I think they are trying to be more inclusive in the production of these videos

[@blacksheepcat]

He has missed CLOV but most SPAC companies underperform vs S&P 500 anyway, though. In Q1 & Q2 this year, there were a bunch of SPAC IPOs and the number declined dramatically as now it has left a bad taste in the retail investors' mouths

[@GowthamV07]

They make billions out of new bie investors who have no clue they are being sold a broken company's stock. This has happen many times. The investors all bail out when the company gets listed publicaly so the price will reflect the investors insider knowledge and the common man will loose all their money because the investors will get early sell information.

[@cu7695]

Chamath's SPAC are not immune to market volatility. Every investment comes with a risk. This guy's portfolio has more wins than losses. On an average he makes pretty solid bets.

[@king7805]

Guy's already insider trading, the risk is slim to none

[@henrydaniel9022]

I pounded on how my retirement will be cos am yet to figure out something better I can invest on for better return in a short while please cananyone here s Hf are ideas thank you

[@christopherjackson4118]

This is the right time to invest if you are ever thinking if growing your wealth but at same time you have to be extremely careful

[@peculiarmilahart3311]

Trading stock is amazing with the help of Mr Carlton Jefferson, with him I now have better knowledge of the market and how I can manipulatez it too

[@briangiggs7419]

No magic in trading having a strategy that ensures profit is the best you can do and that's not for novice, lost over $5k trading with bad strategy but with his help I have recovered losses and even made more

[@benjamincharlotte7070]

Stock market controls a huge part of my passive income flow, where I invest big and profits bigger

[@dynelwinsome7324]

His experience over the years gives him edge over other brokers his strategy is profitable

[@GratefulDave93]

People don’t call him Scamath for nothing.

[@adityapatnaik6079]

Bad smell

[@robertwhitten265]

Don't understand how he is not in trouble with the government.

[@PatrickBatefan]

@@robertwhitten265 because govt has there own money in his SPAC

[@robertsrudis2824]

Love these series. Keep em goooin @Bloomberg

[@oludeleadeleke15]

Loads of chamath haters in the comment. Dude has paid his dues. Taking risk where many wouldn't.

[@sonnyraj83]

Why didn't you guys mention SOFI or OPEN ? because nothing to complain there?

[@user-uu6bi4tn5o]

You have to understand the narrative. It has to be the worst performing of the list and the least favored in order to fit the storyline. Can't be one of those gaining notoriety and respect.

[@fropello4353]

This docu is spreading FUD all paid for by some institutions

[@ProfAzimov]

SOFI and OPEN are both down 58% and 87% respectively from IPO

[@JohnCooganPlus]

Chamath is such a fun personality to follow. All in podcast is so entertaining and he has a really interesting backstory. There’s a lot of hype, but he really does understand technology well. I’m personally a fan, even if I don’t follow every investment idea he promotes.

[@daroitm9616]

Yea...thats why u still got 4k plus subscribers 😅...I subscribed though.

[@MOTIVATIONBYDAR]

Make a video on him please Mr Coogan with more detail.

[@B21_raider]

@@daroitm9616 300k now

[@projectz9776]

Dear Bloomberg, pls choose another storyteller next time. Thx

[@tonsab.assist.master]

Chamath plays the game well.

[@dvllard822]

"Success is like being pregnant, everyone congratulates you but no one knows how many times you've been f*cked." Just stay consistent, you'll be successful, I promise you that.

[@varunemani]

Wow talk about reality check! Now that quote really puts success as well as the world at large in quite a perspective does'nt it.

[@georgesteffey8375]

I know this is a quote from a Benjamin video but I'm seeing it on a Bloomberg video. Weird

[@jakejake7289]

Lol

[@MayorSom]

Too many unsophisticated investors who need holding hands. This is a feeble hit piece

[@zombiecucumber7700]

This aged well.

[@kevnev342]

Chamath is just playing the game.

[@MattJi]

a very disingenuous hit piece. looking at show notes, cueing ominous music and voice over to deliver a one-sided bear thesis on clover. the company doesn't fit the mold of a traditional insurance company and risk-taking is where disruption is. doubling down on an outdated may opinion piece, clover's latest earnings has blown away revenue guidance for year to date

[@tharakah9597]

This statement sounds like Chamath

[@abethereal]

I’m glad he spoke out against Facebook

[@chinosantrax9906]

Waiting for the FBI to announce a headline….

[@Epiccurios]

A well seasoned investor always knows to never buy a SPAC or an IPO right away. You have to wait and let the smoke settle. Stocks go up and they go down, deal with it or the market ain't for you 🤣

[@josephbrennan370]

Except lucid. I bought in on that SPAC.

[@dundermifflin5465]

@@josephbrennan370 Lucid was great if you bought in at the $15-$30 range before the rumors caught on and managed to spike up to $60. Everyone sold the news. I still remember that day the news dropped, the day after the whole market experienced a correction.

[@killmoreturtles]

The problem with the SPAC is that they're not ready just yet. This was not even a year ago, and people are expecting profits with Tech companies. It's like, really??? I'm glad a waited on them, but I'm ready to pounce right now. SoFi, Proterra, Lucid. I've put in 30% of my savings in those 3 companies.. and I'm ready. I bought Moderna at 50.00 and people called me an idiot. They said the company was guily of insider trading , etc.. now they are $400.00+. You got to know when to time these tech stocks. I'm not expecting huge gains right away, but I'm betting we are right at the bottom for the tech SPACs.. and I'm putting my money where my mouth is now

[@georgesteffey8375]

@@dundermifflin5465 we can't forget that lucid also diluted the shareholders severely

[@FezReta]

This piece feels odd... feels like instead of discovering a story, they decided to tell a specific story and find evidence to back it up... kinda curious what happened with all the other spacs since they only focused on clov, and doing some basic research on clov. It legitimately looks like a potential great buy a current pricing and their growth rate if they can show plans to turn a profit. Reminds me of people 10 years ago saying amazon losses money every year so it’s a bad company, but clearly it was part of the plan to reinvest everything made, (not comparing it to amazon, just comparing the negative spin without reference to the companies future guidance)

[@fropello4353]

Hmmm paid for docu to spread FUD. All institutions has some shade on them. I would stick to my DD.

[@pazu8728]

Exactly. If his thesis is that Chamath SPAC is bad investment, he need to go through all the SPAC with numbers to support his argument. What a sneezy analyst that mentions Hindengburg report on CLOV without mentioning CLOV response. The whole piece just throws shade at Chamath's SPAC by linking it to meme stock and Chamath's wealth. I expect much better analysis coming out from Bloomberg.

[@najibyarzerachic]

So exactly what you're trying to say. Is the concept of SPACs a bad idea OR there is a problem with this dude's SPACs?

[@DeleneGillen]

I like that he publishes his logic behind why he does a deal. Nice.

[@heinzdelf]

Our narrator must be proud of his paternity leave, to go out of his way to mention it. Interesting story 🤔... Attaboy 👏 👏 👏

[@eric_andrews]

No matter how many times they try, they can't cancel this guy

[@alansanders218]

Success is about focusing Your energy on what creates results and using what you already know

[@kylehenderson1243]

Assets that can make you rich!

[@kylehenderson1243]

I.Crypto

[@kylehenderson1243]

2.Stocks

[@kylehenderson1243]

3.Shores

[@stephenhughes7520]

@@kylehenderson1243 You are right sir

[@sebastianvarlamav2]

"He has missed" These spacs have been live for less than two years. Calm down.

[@geewhiz5050]

Shots fired. *grabs popcorn*

[@msau9747]

This guy just screams SCAMMER. I don't trust a word that he says.

[@samsonsoturian6013]

Never trust a banker that insists everyone is dirty except him.......

[@cvxcfv]

A super rich scammer that is part owner of the Warriors

[@TalzBlaze]

This guy needs to be put in prisons for defrauding investors and ruining investor ponzi schemes

[@scottabrown575]

I'm no longer waiting for the EDIL GRANT LOAN because I earn $ 26,700 every 10 days

[@bartonjeffs9439]

I use to take money from the bank for survival but after trading with her my financial status changed for real

[@francoadonis3802]

Stock is crashing, bitcoin investment right now will be at every wise individual list in a month you are ecstatic with the decision you make today

[@ianrobert6073]

tried different form of trad. I used Copy trade, paid for signals, at a time they seems to be working but at the end I still couldn't manage the stress of dealing with losses

[@ellajackson.2125]

2021 online stock is just difficult and unbelievable, I'll rather invest my money on crypto

[@debbiegerrard8115]

People are ignorant of profitability in bitcoin investment and that has been their major issue limiting their investment

[@gregtheman2]

Spac king? He doesn’t deserve the title. He was the first to abandon the ship when all spacs started going down

[@betterchapter]

This man is a different tier of BRILLIANT

[@ETS186]

The spac part, maybe...for now. But he got in tsla and amzn also back when no one else would. They weren't traditional at all. Give it another 5-7 years at least.

[@SpreadTheTruthUSA]

So true. I think the whole video was to bad mouth chamath, using $clov as their main argument.

[@pkal244]

Yea I'm not pro or anti Chamath at this point but the ominous music they kept playing had me thinking "Ok, now this is the part where they completely expose him." But that never happened. Makes me wonder if Bloomberg just wanted a sensational story since SPACs are the current buzz or if they have something against they guy.

[@vwarbase277]

It's going to be interesting when you make this video, but about crypto.

[@aenorist2431]

I mean, its the same scam but a bit more brazen, with a few different (but the same) faces and different (but the same) contents.

[@thedrunknmunky6571]

Which part of crypto is a scam? Maybe some currencies are scammy, but not the fundamental principle behind it ( blockchain technology ). It’s up to you to form your opinion, but as someone who works with the technology behind it, I’m very confident it will last a really really long while. Just to make it clear, I have not invested in crypto, I’m just working on using blockchain technology for P2P energy sharing ( amongst other technologies).

[@SBDukes51]

this aged poorly..

[@nygariottley245]

Go Chamath. "You are the American Dream" All of us immigrants are impressed. Smarts, Hard Working, and taking advantage of the loopholes like everyone else.

[@enigmaticdope9447]

The speakers seem nervous and underconfident throughout.

[@user-uu6bi4tn5o]

If you didn't get it... this was an attack!

[@toddkobell4441]

This is how Short sellers spend their money. Obviously this has been scripted by someone else and they put a bofo to read it

[@AdamNZ]

How does a small time banker and electrical engineer roll up to FB for an interview and get a job as head of growth. That just sounds far fetched.

[@bloomberg2512]

Thanks for watching. For proper analysis and info…. _ +𝟷𝟽𝟷𝟽𝟺𝟽𝟹𝟿𝟺𝟹𝟾‬”_

[@jkjkhoyolula]

Its because Bloomberg hasn't accounted for his Career in AOL as AOLs youngest Vice President along with many other big things he's been a part of before joining Facebook, he even led a merger for Time Warner as Time Warner Cables Principal

[@lololo-jh6yw]

Because this is a hit piece where they do not tell you the truth. They left many things including him working at AOL and becoming VP there out to create a narrative

[@AdamNZ]

@@lololo-jh6yw media for you, always bending the truth.

[@hwago123]

@@lololo-jh6yw What does Bloomberg have against Chamath. He’s competition?

[@182atenasb]

Every time I see that guy online he’s saying some nonsense that makes me rolls my eyes.

[@kiramausStella]

The economy hardship, recession, unemployment and loss of job caused by covid pandemic is enough to push people into financial ventures.

[@tylerbrett7379]

I wanted to invest more on digital Digital currency (crypto) but the fluctuations in crypto value discouraged me into dumping.

[@Quantum-1157]

Snake oil salesman. We’ve always had men like him in all ages (times), countries, ethnicities, religions. They have an ability to speak and orate things and people just listen. They make their money amd only care about making money by hook or crook. The rest of the things they say about goals, social goals, visions are just cover ups and distractions.

[@anonymous1432341]

Well said!

[@victortupiza8046]

The market exploded because that’s his role from the top to Chamath to get his Spot on the Crew

[@ranjithpowell6791]

Chamath's is not an American rags to riches story. He is a Canadian rags to riches story.

[@B21_raider]

America made him rich nit Canada sorry 😂😂

[@ZagaLives]

Dude also convinced me to buy bitcoin 5 years ago. Thanks chamath

[@win7dot]

I'm proud as a Sri Lankan about him even he wasn't raised in Sri Lanka

[@Jerry-tg2lj]

I really like chamath, he has done some pretty questionable things but he seems like a decent person and what he says is extremely engaging and makes sense (for the most part). I really hope it's not a facade, and the way he talks and presets himself is true to his character, but i guess actions speak louder than words and we'll be looking closely at what he does in the future....

[@speedy0]

🎰🎰🎰

[@varunemani]

It's not easy when you are really not the top dog out there and not to mention you dont have policy makers and regulators on your side or at least in your pockets.

[@okayman2057]

Listen to his all in podcast. His vision isn't short term. It's long term.

[@kk22001]

SPAC is the next bubble!

[@Omahaneb6]

Great reporting and video presentation

[@andybutsakone4253]

They used CLOV to attack Chamath lol

[@somthirthasur6925]

Chaamath is a really great guy and he is very intelligent . All the people around the world is only waiting for his one mistake and that is what I can feel from this video. I am still keeping my hope very high for this guy.

[@felixdatche9278]

Most of these are just the same old speculations and games. New names

[@samanthajwright4839]

One bad buy out of 7 and now all the doubt, lolol

[@muhannadobeidat]

One bad? Did you not follow OPEN?

[@whatcanwelearn9140]

Fabulous video. Keep doing this @bloomberg

[@tvviewer4500]

He didn't miss on purpose.

[@johns3465]

Scammer, just like my company

[@Sylvanas17]

This reporter looks like he's going to cry while talking.

[@jamrollz]

Envy is a terrible curse

[@RAJohnson713]

How he talks is really strange lol

[@KJ-uy1sd]

I would guess he has a speech impediment. I had a bad stutter you know it when you see it

[@philomenajack9172]

😀Mrs Lisa is legit and her method works like magic I keep on earning every single week with her new strategy♥️♥️♥️♥️♥️

[@emmaryan7366]

Wow I' m just shock someone mentioned expert Mrs Lisa I thought I' m the only one trading with her

[@emmaryan7366]

She helped me recover what I lost trying to trade my self

[@anthonymax2516]

I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Lisa

[@anthonymax2516]

I think that she is best broker I ever seen

[@hazemmathkour5150]

My first investment with Mrs Lisa gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known

[@ThePillsburyJewboy]

I remember him pumping GameStop then jumped ship at the top leaving others holding the bags

[@inigojuancarlos]

He’s the poster boy for that one too.

[@shitmypants5275]

People who invest know the risks lol. It's not like he asked them to be dumb fcukers who follow like sheep

[@codyrobinson22]

Comes off as an arrogant he’s smarter than everyone else Judas. I don’t trust him.

[@101yayo]

In February everything (growth stocks) was dropping. It is the stock market what do you expect. You expect this guy to hit homeruns every time.

[@J35Y1]

2:37 how is ruling class to billionaire a story of rags to riches? do you people even know what RULING class is?? 😂😂😂

[@relative_vie]

If this was a Hip Hop beef this is what it would like when the 1% are upset at you for not paying up

[@blackumbrella6199]

Chamath is another example of why white people will never ever give up seeking for an Indian guru.

[@crazymdrive]

Yea, I can't understand it. White people love these idiots.

[@jamesbond4810]

@@crazymdrive 😂😂 idiot ? A guy whose net worth is US$1.2B is far from idiot.

[@jamesbond4810]

@@crazymdrive Why do folks from Pakistan have so much jealousy for Indians ?

[@renaissancesurfer7829]

How long does Bloomberg believe is the cycle of a startup? It’s been 6 months 😂 - what an empty hit piece.

[@killmoreturtles]

exactly. The fools that expected tech companies to be in the green already.. duh! I'm buying the rock bottom for these SPACs. because I have no doubt that companies like Proterra, Lucid, SoFI.. have bright futures. ( well, I feel 92% sure). I love that there are people that are not visionary, because it is easy to build wealth off of their backs of distrust.

[@IronicCliche]

So SPACs are IPOs with additional acquisition risk. Because more risk is what IPOs really needed.

[@adventuresofla2638]

11:13 Chamath has a 6-pack! 😂

[@MichaelC-lx5lg]

This presenter has the cadence of that teacher from Ferris Bueller

[@lahirusaranga2325]

Proud to be Sri Lanka 🇱🇰 🇱🇰

[@davidjung5982]

this guy has been exposed as a huge grifter. Do your own due diligence this guy has 0 interest for others is just out for himself.

[@Sachinrenjal]

Whenever there is a poster boy from Sri Lanka there is bound that bubble will burst happens soon...Raj Rajnatnam does this sounds some bells

[@toddkobell4441]

Why so much hate on Chamath, a billionaire against the stablishment, what's wrong with that?

[@aniketadhav2737]

Most of the comments are bot

[@ariantasariedimunthe4734]

I like him because he recommend Tesla in the beginning.

[@billiedeelions7203]

John C. Reilly is now doing financial news.

[@edwinbrace4681]

Was this video re uploaded with a changed title ?

[@rock3tcatU233]

He's just the "lite" version of Elon Musk, both are in the business of selling high tech hot air.

[@vincentorlando6767]

Chamath's a fraud, selling junk to retail investors. I also question the performance of his hedge fund and VC funds? Why did so many key personnel walk out??

[@tvviewer4500]

That anchor @01:40 wow...

[@MolotovBg]

Is it just me or was the music here way too lound and distracting?

[@101Altaaf]

Can that tongue get any more silver...

[@F.C.77]

Some people deserve to be robbed by buying stock of broken companies.

[@EWWWYOURFAC3]

dude was at right place right time got into facebook early and held a high position and sold off his shares in FB!

[@thoughtsofapeer]

SPACs are just insanely overpriced. Chamath Palihapitiya has managed to make a fool of new investors by buying into it. Every IPO the last 2 years has been valued at least 30% above what it should, and it will cost a lot to some investors when the card house collapse.

[@brandonalexander1259]

Bloomberg got the most boring guy to make this

[@davz203]

I was biting till I saw the last chart in this mini documentary. It showed a chart that implies SPCE is down 60% since IPO...it IPO'd around $12.00 per share and is currently sitting over $25.00 per share...its no where near its highs but its still 2x from its IPO 2 years ago...what do you expect to happen to growth companies in a two year period? Thank you for wasting my time Bloomberg

[@davz203]

@@stoicroman9423 yes all spacs are underwater, so are almost all other growth stocks too…in fact, so are all most all other high value stocks in the Dow, sp500, and nasdaq. The nasdaq is still 14% down from ath’s genius. Everything is down. A systematic down. With that said, most other spacs are pure money grabs.