New ask Hacker News story: Ask HN: Why do SPACs seem so shady? Are they market scams?

Ask HN: Why do SPACs seem so shady? Are they market scams?
3 by rexreed | 1 comments on Hacker News.
The more I see of SPACs, the more it looks like insiders playing market games. Why do SPACs exist vs. the typical way that companies go public? Are SPACs legit or some form of market game?

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