Category: SPACs

SoftBank’s View just narrowly escaped running out of money. Here’s how it went from investor darling to one of the...

View CEO Rao Mulpuri. Ethan Miller/Getty Images; Rebecca Zisser/Insider Three months in the past, SoftBank-funded View Inc. revealed it didn’t have sufficient money to meet forecasted prices past November with out elevating capital or exercising its possibility to promote shares to its SPAC sponsor, Cantor Fitzgerald. View has provide you with funding just in the nick of time. The California glassmaker announced on October 27…

Billionaire investor Chamath Palihapitiya says the Fed warped markets with easy money – and a US recession is looming

Chamath Palihapitiya. Mike Windle/Getty Images for Vanity Fair Chamath Palihapitiya slammed the Fed for distorting financial markets with near-zero interest rates. The billionaire investor said the market slump this year was the result of money leaving the system. Palihapitiya predicted the US economy would tumble into a recession within the next two years. Chamath Palihapitiya has accused the Federal Reserve of inflating asset prices and…

Rep. Marjorie Taylor Greene suffers large financial loss one year after buying stock in a company that’s trying to merge...

Republican Rep. Marjorie Taylor Greene of Georgia at committee hearing June 24, 2022, at the US Capitol. AP Photo/J. Scott Applewhite One year ago, Rep. Marjorie Taylor Greene invested between $15,001 and $50,000 in a SPAC that wants to merge with Trump’s “Truth Social” platform. One year later, the value of the stock dropped more than 80%, meaning Greene lost big money. Greene’s not the…