Billionaire Sternlicht Wants SEC to Rein In SPACs: Qatar Forum

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Billionaire Sternlicht Wants SEC to Rein In SPACs: Qatar Forum

Bloomberg2021-06-23

Property billionaire Barry Sternlicht told the Qatar Economic Forum in a panel set to be aired on Wednesday that special purpose acquisition companies needmore oversightfrom the U.S. Securities and ...

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Pearlinee
·2021-06-23
True
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Ruzzer
·2021-06-23
Good
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CharlesKing
·2021-06-23
Like and comment plz???
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Poisonz
·2021-06-23
Like and comment pls!
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- Yangie:
  Why not
  2021-06-23
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- CharlesKing:
  good
  2021-06-23
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The event started on Monday, with Ray Dalio and Lawrence Summers warning inflationcould threatenthe U.S. economic recovery.\nParticipants at the Forum on Wednesday include: UBS Group Chairman Axel Weber, Qatar Investment Authority CEO Mansoor bin Ebrahim al-Mahmoud, Blackstone CEO Stephen Schwarzman, Carlyle Co-Founder David Rubenstein, Standard Chartered CEO Bill Winters, BlackRock CEO Laurence Fink, and Barclays CEO Jes Staley.\nThe Qatar Ministry of Commerce and Industry, Investment Promotion Agency Qatar and Media City Qatar are underwriters of theQatar Economic Forum, Powered by Bloomberg.\nKey Highlights\n\nDeutsche Bank’s top Qatari holder saystime is ripefor mergers\nChina’stroop deploymentalong disputed border worries India\nVW sees autonomytransformingcars more than electrification\nGlencore’s Glasenberg saysChina can’t coolcommodities for long\nAirlines count onZoom fatigueto revive business travel\nBig Oil CEOs join traders, banks inpredicting higher prices\n\nSternlicht Says SEC Should Rein In SPACs\n“The stock market is detached from reality,” Sternlicht said in a virtual panel discussion set to be aired on Wednesday. “Clover Health Care is basically a fraud, is trading at $16 a share, and it keeps going up. The more you say it is going out of business, the higher the stock goes.”\nA Clover representative declined to comment on Sternlicht’s remarks. Sternlicht has been involved in at least five SPAC deals since the beginning of last year, and said that he hoped the trend had peaked.\n“There is a trickle of deals getting done,” the 60-year-old founder of Starwood Capital said. “Ihopeit remains a trickle. I doubt it will remain a trickle until the SEC tightens the process up because the projections that are in these -- there has to be someone saying they are reasonable because they are really misleading investors.”","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":123411041,"gmtCreate":1624434034883,"gmtModify":1703836555674,"author":{"id":"3581744761960722","authorId":"3581744761960722","name":"Pearlinee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"True","listText":"True","text":"True","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123411041","repostId":1111675038,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":123436495,"gmtCreate":1624433641117,"gmtModify":1703836548047,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123436495","repostId":1111675038,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":123433499,"gmtCreate":1624433488611,"gmtModify":1703836541396,"author":{"id":"3579391265651951","authorId":"3579391265651951","name":"CharlesKing","avatar":"https://static.tigerbbs.com/d8fbdcf3295ba7f84c1f2205610ea968","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Like and comment plz???","listText":"Like and comment plz???","text":"Like and comment plz???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123433499","repostId":1111675038,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":123496449,"gmtCreate":1624433045481,"gmtModify":1703836532625,"author":{"id":"3581834128004381","authorId":"3581834128004381","name":"Poisonz","avatar":"https://static.tigerbbs.com/5e0dd20af13212be3d544bc41039e0fe","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like and comment pls!","listText":"Like and comment pls!","text":"Like and comment pls!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/123496449","repostId":1111675038,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4971707,"gmtCreate":1624434023985,"gmtModify":1663229794953,"authorId":3582779426446979,"author":{"id":3582779426446979,"authorId":3582779426446979,"name":"Yangie","avatar":"https://static.tigerbbs.com/7aa57400229f182eb5fabc5e93a856b8","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":123496449,"type":1,"supId":4971614,"prevId":0,"content":"Why not","text":"Why not","html":"Why not"},{"id":4971614,"gmtCreate":1624433502005,"gmtModify":1663229793943,"authorId":3579391265651951,"author":{"id":3579391265651951,"authorId":3579391265651951,"name":"CharlesKing","avatar":"https://static.tigerbbs.com/d8fbdcf3295ba7f84c1f2205610ea968","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":123496449,"type":1,"supId":0,"prevId":0,"content":"good","text":"good","html":"good"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":23,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}