When so-called “King of SPACs” Chamath Palihapitiya was in his heyday, I jokingly compared him with Prof. Harold Hill, the conman-hero of The Music Man. I was wrong. He was the Pied Piper, luring investor cash to its doom. Now that the song is over, it’s time for a reckoning with the 12 SPACs Chamath created through his Social Capital investment firm.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Special Purpose Acquisition Companies (SPACs) were a way to get around inve...
