Known by many as the SPAC King,Chamath Palihapitiyawas one of the biggest names associated with the growing number of blank check companies taking private companies public. When SPACs were hot with the market, Palihapitiya was loved by investors and companies.
Years later, Palihapitiya has been less active in SPACs. An announcement Tuesday could see Palihapitiya face more criticism and continue to put a negative spotlight on SPACs.
What Happened:Chamath Palihapitiya announced Tuesday that two SPACs he launched are liquidating.
"Over the past two years, we evaluated more than 100 targets and while we came close to doing a...
Login or create a forever free account to read this news
Sign up/Log in