• FReddit@lemmy.world
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        9 months ago

        The spac IPO took place a couple years ago.

        You’re talking about the de-spac, when the two companies merge and DW becomes public.

    • baru@lemmy.world
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      9 months ago

      How in the holy hell can that dumpster fire of a social media site be worth $4billion???

      Might be similar to selling books or shoes. It’ll be bought to give way more money than otherwise would be allowed. A wealthy donor might not be allowed to send the money directly. So they buy loads of books/shoes/etc.