Bloomberg Opinion columnist botch assessment of SPACs & Trump
And Matt Levine is less than incisive on PIPEs
Bloomberg Opinion columnist Matt Levine…
from Bloomberg, L.P., the global media and financial analytics conglomerate, headquartered in New York City, founded and run by the former NYC Mayor and billionaire, Mike Bloomberg, whose revenues estimated at upwards of $10B annually, known as the leader in global business and financial information
…covered the Tump SPAC today for 30 minutes on Twitter spaces in response to an opinion piece in this link. They discussed the possibility that the SPAC company Trump is affiliated with is a potential vehicle for campaign finance rather than its intended purpose of taking a private company public.
There certainly is a lot wrong with SPACs, and this started way before Trump was ever affiliated. But is Matt Levine, an opinion writer at Bloomberg, the person you should be going to for information on the products that his clients use regularly?
Also known as Blank Check companies, these shell companies make their founders richer with decently limited risk for the sponsors. The instrument allows Wall Street to transfer a substantial amount of risk onto main street, and when things work out well, SPACs create frequent, intense liquidity events across short periods. Many companies, not just Trump, are being scrutinized because of issues that became apparent later.
I will try to set the record straight state, but I must build my case.
And really, I’m writing to say this.
My next piece will discuss what I believe to be clues about Trump’s intentions for 2024.
God forbid, the man runs. I don’t think the republican party can withstand another four years. And have you seen some of the ways the GOP markets itself on Twitter?
Who wrote this?
Either way - I will critique Matt Levine’s Bloomberg Opinion piece & Twitter spaces from Tuesday morning, contemplate a reality where Trump runs in 2024 and move to provide candid feedback for the Republicans.
Expect to hear back in the next few days. I’m off to start a Twitter war. It’d be nice to pull some of my tweets into here, and even better if they had strong engagement.