Fuelled by crypto, SPACs and commission-motivated promoters, there were 1,110 initial public offerings globally in 2021 (3x the average of the past decade). As shown below, two-thirds of them are ending the year with losses.
It is important to understand that there is no level of personal wealth at which those without scruples will stop capitalizing on the trust of gullible followers.
Actor Ben McKenzie and Jacob Silverman, The New Republic, join ‘Crypto Night in America’ to discuss why celebrities promoting cryptocurrency may be bad for individual investors. Here is a direct video link.
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