The SPAC craze is like having 'a new bank in town'
CGTN Europe • 2m 59s
📈 What began as a relatively obscure financial instrument has now exploded into a Wall Street phenomenon, with celebrities from Jay-Z to Serena Williams endorsing the financial craze with their star power.
So, what is a SPAC, or a special purpose acquisition company?
"It's like having a new bank in town," according to Drew Bernstein, co-chairman of the accountancy firm, Marcum Bernstein & Pinchuk.
Read more: https://newseu.cgtn.com/news/2021-03-19/The-SPAC-craze-is-like-having-a-new-bank-in-town--YLoPtHGSsw/index.html
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