Economic phenomena like meme stocks, SPACs and cryptocurrencies are often presented as the new wave of financial markets. But beneath the surface, what is emerging looks less like a stock exchange and more like a casino. Theo4. That was one of the big winners of the U.S. presidential election. After Donald Trump clinched the victory, the pseudonymous Theo4 made a fortune on Polymarket, an American prediction market. For correctly forecasting the outcome, he pocketed more […]
This analysis was first published in SvD Näringsliv, in Swedish, on April 19th, 2023. This piece was translated from Swedish by Claude. Some phrasing may differ from a human translation. When Bure’s SPAC vehicle ACQ wants to take security company Yubico public, it raises many questions. The main one: why are the buyers and sellers largely the same people from the same firms? At Wednesday morning’s press conference, Patrik Tigerschiöld, chairman of ACQ Bure, posed […]
This analysis was first published in SvD Näringsliv, in Swedish, on April 5th, 2023. This piece was translated from Swedish by Claude. Some phrasing may differ from a human translation. Virgin Orbit is filing for bankruptcy. The story of how the company was listed on the stock market is part of a larger tale about a financial instrument that created enormous expectations — and has now largely collapsed. Richard Branson said that he started an […]
This analysis was first published in SvD Näringsliv, in Swedish, on September 4th, 2022. This piece was translated from Swedish by Claude. Some phrasing may differ from a human translation. Polestar’s losses are ballooning, driven by expensive costs from its SPAC listing. The EV company has been squeezed, and the question now is how quickly its owners will have to step up with fresh capital. An ordinary IPO is usually preceded by a long and […]
Trump is launching Truth Social via SPAC. The product will fail — but the PR is the point, ahead of an emerging election campaign.
This column was first published in SvD Näringsliv, in Swedish, on May 10th, 2021. This piece was translated from Swedish by Claude. Some phrasing may differ from a human translation. It has a turnover of a few thousand dollars but has a multi-billion valuation on the stock exchange. This is what happened when a small restaurant in New Jersey ended up at the center of the debate about how the financial market is really doing. The […]
This column was first published in SvD Näringsliv, in Swedish, on April 16th, 2021. This piece was translated from Swedish by Claude. Some phrasing may differ from a human translation. Blank checks worth $100 billion. That’s how much money that has been sent straight into the super hot investment form SPAC just this year. Now the clouds of unrest are rolling in. American investors have begun to question the valuations of the untested companies – and […]
