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Stuff you need to know, 9.29.22

“The SPAC King Folds, Ending the Blank-Check Frenzy”
by Zeke Faux, bloomberg.com/news
September 22, 2022

Facebook executive-turned-venture-capitalist Chamath Palihapitiya pioneered a new, level-playing-field way of raising money for start-up ventures that was used to take Virgin Galactic public. Now he’s giving $1.6 billion back, and his preferred investment vehicle looks increasingly like another failed get-rich-quick scheme.

Click here to read (with email registration) this limited-access article.

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Diana Tittle
Diana Tittle

Diana Tittle, a member of the board of Sierra County Public-Interest Journalism Project, was the editor of the Sierra County Sun, the Citizen's precursor. A former resident of Truth or Consequences who now lives part-time in northern New Mexico, she spent her 42-year professional career in Cleveland, Ohio, where she worked as a newspaper reporter, magazine writer and editor, book author and publisher and publishing consultant. She is the recipient of a Cleveland Arts Prize for Literature.

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