The only difference then was that they would all IPO. The current bubble is consolidated to a few large companies and a lot of venture-backed bottom feeders. Other than that, yeah, just obvious insanity.
They tightened up the rules on IPOs after so many companies with no futures basically pumped and dumped their stock on the public. Now the way to dump on public bagholders is through SPAC mergers.
The only difference then was that they would all IPO. The current bubble is consolidated to a few large companies and a lot of venture-backed bottom feeders. Other than that, yeah, just obvious insanity.
They tightened up the rules on IPOs after so many companies with no futures basically pumped and dumped their stock on the public. Now the way to dump on public bagholders is through SPAC mergers.