I'm amazed that the "Spac King" is not part of the administration.
I watched Chamath call in live to a spac scammers live stream. This scammer drove a beater and would pump various spac warrants on his way home from the warehouse job on twitch.
I was like wtf is a former FB executive doing showing up on this scammer live stream.
I don't have a clip but it was in the height of the spac pump and dump craze taking place on reddit during the pandemic. The scam was buy up a bunch of warrants then release info that you had knowledge of an upcoming deal.
This particular scammer got lucky on one of his spacs when it actually made a deal and from that he made quite the following.
Chamath used this guy to pump his spacs because if the spac was pumping before there was even a deal it was easier for him to make the deal.
I think all of Chamaths spacs are penny stocks now with multiple reverse splits to stay above $1.
I watched Chamath call in live to a spac scammers live stream. This scammer drove a beater and would pump various spac warrants on his way home from the warehouse job on twitch.
I was like wtf is a former FB executive doing showing up on this scammer live stream.