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Bill Gates Is Right About SPACs and QuantumScape

Bill Gates appeared on CNBC on Good Friday to discuss his climate-related work for the Economic Club of New York. The conversation veered off into the wild and wooly world of special purpose acquisition companies (SPACs). Gates, an early backer of QuantumScape (NYSE:QS) and QS stock, suggested that people do what he’s doing and only get involved with quality SPACs. Source: Paolo Bona / Shutterstock.com The assumption here is that QuantumScape is such a company. Is he right? I’ll explore this subject further. It Helps to Own QS Stock If You’re a Billionaire If you bought 100 shares of QuantumScape stock on three occasions in 2021: Jan. 6 ($63.03), Feb. 17 ($66.52), and March 22 ($64.29), a back-of-the-napkin estimate suggests you’ve got a paper loss of $35,134, 26% less than the $19,384 you would have paid for 300 shares. InvestorPlace –

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