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your interpretation of SPACs seem very cynic

In the end it's just a "shortcut" for a private company to go public by acquiring an already listed company

Retail investors tend to loose, but just the same as they would with a proper IPO or any crypto ICO

Your interpretation of SPACs is very lacking. The shortcut they provide is often to circumvent normal due diligence that would show probably fundamental problems with companies operations. Sure normal companies may go down after IPO - but that's after banks perform their own investigation, and most importantly line up large institutional buyers that will lock up the float and tend to keep price more stable.

Exactly. How many spacs are positive roi since being released

DraftKings maybe?

DraftKings is down bad. They’re getting their lunch stolen, marinated, barbecued, and eaten by FanDuel.

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