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Fair enough, only bought online gaming and EV SPACs and research the **** out of the merging company ahead before investing. I made good money on most and cut losses on only a couple. You're 100% correct about the SPAC bubble bursting, I still own 1 EV SPAC and 1after merger, they are long holds...

It's not just DKNG, it's the whole gaming industry that took a hit and more pain is coming their way. DKNG was the poster child for SPACs, Harry Sloan and company did a fair deal bringing them to market. DKNG management ran them into their share price now along with market conditions. CZR, MGM...

Wrong, are DraftKings and SoFi a scam?

It's really not, there's risk like with anything. It's a way to bring a company to market through a SPAC (special purpose acquisition company) merger to be publicly traded instead of going the route of a traditional IPO. It gives retail investors like you or I a chance to buy shares at ground...

I've been buying SPACs for the last 2 years, practically all of them are no revenue or have a lot of debt to start. A lot are start up companies, 33B is a lofty valuation, but if they hit their projection of 3 billion revenue next year and 23 billion in 5 years they'll be worth their valuation...