First we SPAC, then we take down AWS

The plan is simple: First, we create a knockoff of a popular digital service. Second, we cry political persecution. Third, we raise a bunch of money with a SPAC. And then, to cap it off, we take on AWS. Got it? What’s actually funny is that I am not kidding. That is...

Grab’s SPAC splat caps off a bad week for blank-check combinations

What goes up must come down. And what goes SPAC must go splat? We’ll keep workshopping that. Regardless, shares of super app Grab took a pounding today after its SPAC combination was approved last night and began to trade this morning. Grab’s stock initially rose,...