bullish
Convenience is King
SUMMARY
- Companies that went public through SPACs in 2020 and 2021 have struggled this year due to inflation and, most recently, a weakening economy.
- SPACs have gotten a bad reputation for making unproven, unprofitable companies public, ultimately leading to a majority underperforming the broader market and a few even going out of business soon after their debut.
- However, SPACs have also taken established companies public, like convenience store chain operator Arko, which has relatively fared better.
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