Chamath's SPAC Warning: Should Retail Investors Stay Away?
Update: 2025-10-01
Description
Chamath Palihapitiya's new SPAC, American Exceptionalism, is making headlines, but not for the reason you think. Despite raising $345 million to take startups in hot sectors like AI and crypto public, Palihapitiya is telling everyday investors to stay away. Why? He admits SPACs are risky, especially for retail investors, and his own track record proves it. Is this reverse psychology or a rare moment of Wall Street honesty? Find out why SPACs might not be the golden ticket they seem to be.
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