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The SPAC King Reigns as Blank-Check Companies Hit the Wall

May.13 -- The explosion of SPACs in 2020 gave a huge boost to the market and social media standing of Chamanth Palihapitiya, chairman and CEO at The Social Capital Partnership LLC. But as the SPAC market begins to deflate, Bloomberg’s Zeke Faux looks at what comes next for Palihapitiya and his followers.
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