The Collapse of the EV SPACs: Fisker Joins the Bankruptcy Party, Others on the Verge by Wolf Richter • Jun 19, 2024 • 107 Comments Consensual Hallucination drove that SPAC boom during the free-money era.
Software Stocks Got Massacred, after Salesforce & UiPath Bloodbath. Bad Breath of AI? by Wolf Richter • May 30, 2024 • 66 Comments UiPath -85% from peak just three years after IPO amid CEO chaos. When consensual hallucination fades…
Vacation-Rental SPAC Vacasa Restructures. Shares -97% in 2.5 Years as Public Company by Wolf Richter • May 10, 2024 • 59 Comments Consensual Hallucination wiped out investors, but Wall Street got the fees.
Ad-Tech Outfit DoubleVerify Plunges 40% Today, -62% from Peak, 3 Years after IPO. Nabs WOLF STREET Downgrade to “Should Have Never Bought” by Wolf Richter • May 8, 2024 • 78 Comments We have a special place in our heart for DoubleVerify because it blacklists WOLF STREET in the “brand safety” services it touts to advertisers.
Sagging Used-Car Prices, Spiking Maintenance & Repair Costs, and a Post-Bankruptcy Propaganda Coup Turn Toxic for Hertz by Wolf Richter • Apr 29, 2024 • 146 Comments Americans need lower car prices. But not Hertz. “The residual decline … was relative to both ICE vehicles and EVs”: Hertz
Brick-and-Mortar Meltdown Fells Express. Simon Property & Brookfield, to Avert Vacant Stores and Bad Leases at their Malls, to Buy the Brands and 435 Stores out of Bankruptcy by Wolf Richter • Apr 22, 2024 • 99 Comments This Has Been Years in the Making.
Brick-and-Mortar Meltdown Fells another Retailer: Joann Inc. Files for Bankruptcy 3 Years after IPO by Wolf Richter • Mar 18, 2024 • 96 Comments The IPO allowed the PE firm that had acquired Joann via an LBO in 2010 to dump the shares into the lap of the public.
More SPAC Humor: Astra Space Gets Bought by its Founders & Executives after Investors Got Almost Totally Wiped Out by Wolf Richter • Mar 7, 2024 • 73 Comments From $5.4 billion to $11 million in three years. To the moon, dude!
We Have a Boom in Reverse Stock Splits to Keep the Ballooning Imploded Stocks Listed a While Longer: This Stuff is Just Funny by Wolf Richter • Feb 23, 2024 • 60 Comments Meanwhile, massive trading in hundreds of imploded stocks that still haven’t been delisted inflates overall market trading volume.
Another Online Used-Car Dealer Bites the Dust: Vroom, 3.5 Years after Red-Hot IPO, Shuts Down as Ally Suspends Credit Line by Wolf Richter • Jan 23, 2024 • 66 Comments The SPACs Shift Technologies and Carlotz are already dead. Carvana is still out there, after its distressed debt exchange.
