Who Fell for This?

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It’s hard to believe that anyone in the world would buy any SPAC stock, particularly one like VinFast which was valued at nearly $200 billion in the face of (1) selling only a couple of tens of thousands of cars (2) those cars getting dreadful reviews. I talked about this stock on the exact day of its peak, and it has lost almost 70% of its value in just a few days. Amazing.