The latest SPAC bomb is BuzzFeed (BZFD) which has, in a matter of months, lost 75% of its value. It’s at lifetime lows right now. Yet more evidence that the entire SPAC revolution was a big mistake, and this means of sneaking in companies to the public markets that have no business being publicly-traded in the first place is going to be retired.
I don’t anything about BuzzFeed, but a quick glance at it makes me think that 2003 called and wants its website back.
