Andy Serwer on the boom in SPACs

The growth has been wack. In 2019, according to SPACInsider, 59 SPACs worth $13 billion were created.  Last year there were 248 worth $83 billion.  And already, just six weeks into this year, there are 135 SPACs which have raised $40 billion.  Many more are on tap.

~ Andy Serwer with Max Zahn, "What the SPAC frenzy tells us about the market and ourselves," Yahoo!Finance, February 13, 2021