Chamath Palihapitiya, Founder and CEO of Social Capital, presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018.
REUTERS/Brendan McDermid/File Photo/File PhotoNEW YORK, Sept 20 (Reuters Breakingviews) - Chamath Palihapitiya pushed the limits of the blank-check boom.
If his shortcomings were the worst of the SPAC fallout, it isn't so bad.
The SPAC boom was part of the stock market excess inflated by government stimulus and ultra-low interest rates following the global pandemic.
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