Mopping up Mess from SPAC Mania: After Imploding

Mopping up Mess from SPAC Mania: After Imploding, Shift Technologies (-92%) and CarLotz (-95%) Merge into One Zombie to Burn Remaining Cash Together

SGT Report - 2022-08-13 - Original post - Cached copy

by Wolf Richter, Wolf Street: Charts of stocks like these – hundreds of them now – are an indictment of the mania in 2020 & 2021. We’ll be shaking our heads for years. The SPAC Implosion Saga just keeps on giving – this one in the used-car space. San Francisco-based Shift Technologies, a SPAC creature […]

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