Chamath Defends His SPAC Record Following CLOV Short Squeeze
SPACs were down on Monday in a quiet news day. With the CLOV short squeeze going, Chamath is back to promoting his SPACs and FinTwit is less than welcoming.
Author:
Apr 20, 2021
It was a quiet news day for SPACs on Monday with the CompoSecure / DBDR deal a disappointing +0.2% up on the announcement. The mania of "Merger Mondays" is gone and only good deals will get rewarded. Investors may not have liked CompoSecure's aggressive growth forecasts or they may be a little scared off from crypto with Bitcoin's (modest) crash back down to the mid $50k range. Regardless, they didn't bite.