There was a time in American history that Playboy magazine was one of the biggest and most successful publications in the world. Much has changed, of course, and although PLBY was a rare successful SPAC stock (rising about 500%) it has since lost 97% of its value and seems to crater to a new lifetime low every day.
Hef’s gone. The 70s are gone. And trends change. I guess the re-imagined Playboy Enterprises couldn’t hold a candle to the eight billion free porn sites out there.
