, Columnist
SPACs Need More Oversight and Regulation
Well regulated, new approaches to public markets can get average investors back into the game.
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Photographer: Spencer Platt/Getty Images
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Big Tech is known not only for being valuable and very profitable, but also for how much of that value was created in the public markets. Facebook, Apple, Amazon, Microsoft and Google raised less than $2 billion combined before going public — relying instead on public markets to finance their ambitions. As a result, average investors have been able to participate in those companies’ combined $4 trillion in gains.
Things have changed.