Capital Gains Taxes & the SPAC Implosion

In this month’s episode of The Short of it, the Muddy Waters team and Dan David of Wolfpack Research discuss what an increase in capital gains taxes would mean for short-sellers and how capital markets could be affected by this policy change. The group also dives into the SPAC implosion where capital-raising efforts went from $280 billion in Q1 of 2020 to a negligible amount in Q2 as investors finally became sceptical towards the perverse incentives for management. Dan David dives into his short thesis on Skillz Inc, an online gaming company whose management seems to be less than reputable. They finish discussing GSX investor day and invite special guest Perth Tolle on to talk about her index that invests capital in countries that boast free and moral systems.

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