WeWork Woes Makes It One of Biggest De-SPAC Failures – Bloomberg

WeWork Inc. is already infamous for torching billions of Softbank Group Inc.’s cash. It’s been labeled a poster child for the excesses of Silicon Valley’s founder worship. And exemplifies the profligacy of a near-zero interest rate environment.

Now — after the office-sharing company said is has “substantial doubt” that it can remain solvent — it’s one of the biggest failures of a stock-market trend littered with blowups: SPAC-mania.

Source: WeWork (WE) Woes Makes It One of Biggest De-SPAC Failures – Bloomberg