Not so long ago, there was a time when a leader of a tech company with a high valuation, massive user base, and decent cash flow could say the firm was ready to go public, shop around, and proceed with matchmaking to merge with a special purpose acquisition company.

And there wouldn’t be a shortage of options! After all, there were SPACs that were publicly traded in New York and ready for mergers. Many specifically sought tech companies as targets. For the many tech firms that were getting too big to raise private investment rounds, this seemed like manna from heaven.

But wait! No plan for profit? Deep in the red during the first earnings call? No path forward aside from cash-burning initiatives to pad user numbers? These and a few more factors have led to sober thoughts about buying into tech stocks.

Has SPAC mania finally fizzled out? Khamila dived into the matter. Check out her article here.

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