What is a SPAC Explained | Special Purpose Acquisition Company

SPAC, short for special purpose acquisition company, have risen in popularity in the past 2 years, with companies such as WeWork, Nikola, and Donald Trump's social media SPAC (DWAC) going public via SPACs.

So how do SPACs actually work? Are SPACs better than traditional IPOs? Why are they suddenly so popular? And should you be concerned or should you invest in them? All of that and more is explained in this video.

Billionaires like Bill Ackman, Chamath Palihapitiya, Richard Branson, and former President Donald Trump have all gotten involved in SPACs. This video explains why they all want in.

RESOURCES:
Full CNBC Interview: www.cnbc.com/2021/01/25/lloyd-blankfein-on-how-the…
SPAC statistics: www.statista.com/statistics/1178249/spac-ipo-usa/
Article: hbr.org/2021/07/spacs-what-you-need-to-know
Article: thehustle.co/what-the-hell-is-a-blank-check-compan…

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Chapters:
0:00​ -​ Intro
0:45​ - What is a SPAC?
3:57​ - SPAC Popularity
5:28​ - SPAC Concerns

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