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Slate Money

Are SPACs Scams?

Slate Money

Slate Podcasts

Investing, Business

4.11.1K Ratings

🗓️ 5 June 2021

⏱️ 54 minutes

🧾️ Download transcript

Summary

This week, Felix Salmon, Emily Peck and Stacy-Marie Ishmael talk about AMC’s meme stock moment and the pros and cons of working from home. Then, Charles Duhigg of the New Yorker and Slate’s How To! podcast, joins to talk about his recent article on Chamath Palihapitiya. In the Plus segment: The latest Jobs Report.  Mentioned in the show: “Employees Are Quitting Instead of Giving Up Working From Home,” by Anders Melin and Misyrlena Egkolfopoulou for Bloomberg “Commuting is Psychological Torture,” by Luke O'Neil “The Pied Piper of SPACs,” by Charles Duhigg for the New Yorker “America’s Cruel Unemployment Experiment,” by Emily Stewart for Vox Email: slatemoney@slate.com Podcast production by Jessamine Molli. Twitter: @felixsalmon, @EmilyRPeck, @s_m_i Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello! Hello, welcome to the R-SPX Scams episode of Slate Money, your guide to the business and finance

0:19.2

news of a week in which one of the biggest specs of all time was announced.

0:25.8

We'll see whether that one actually happens or not, whether Bill Ackman manages to buy

0:30.3

Universal Music Group for $40 billion. I am Felix Salmon of Axios. I'm here with Stacey Marie Ishmael.

0:39.0

Hello. I'm here with Emily Peck.

0:41.0

Hello. And we are going to talk about specs

0:45.7

and whether or not they're scams.

0:47.2

I'm not sure they're scams.

0:48.3

I'm pretty sure that maybe one or two of them are scams,

0:50.4

but possibly not all of them.

0:52.0

We are going to talk about AMC, which is the hot

0:55.7

meme stock of the minute. We are going to talk about commuting and the return to work and whether there's any chance of being able to fix the system that was broken before and it was broken for the pandemic and will almost certainly realistically remain broken after.

1:11.0

But it will be broken in new ways and we'll get to talk about all of the new and interesting ways

1:14.8

in which it's broken.

1:15.8

We have a Slate Plus about the Jobs Report that came out this week, and what it says about the difficulty

1:21.3

of hiring people right now and about halfway

1:24.8

through we even get to talk to Charles Dohe, he has an amazing piece in the New Yorker

1:28.6

this week and is also the host of a slate podcast or was? He was the host of season one and he still works on this

1:35.4

amazing slate podcast called How To. It's like dear prudence plus more experts and you hear firsthand people's stories and problems and it's

1:45.5

really fascinating it's hard to not listen once you get into it.

1:49.2

This episode is brought to you by Revolute. Revolute is your perfect travel

1:54.6

companion for all things money. You can spend in over 150 currencies with great

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