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What a week, y’all. What a week. Somehow the news is still at it, even if we’re an inch away from the back half of December. So much for a holiday slowdown! Up first, some notes on the week’s key news, then we’re talking vector search and some final book recs. Into the breach!
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The end of SPACs as we know them: It’s a gosh darn dumb idea to spend time calling top on any particular market movement — it’s a great way to look silly in public. Still, the growing smoke surrounding the Trump Media SPAC has reached smog levels as the BuzzFeed SPAC deal did everything in its power to fail at the finish line, only to limp public and then shed nearly half its value. Top? Top.
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Crypto vs. TradFi: It’s not my place to get in the middle of religious warfare, but the technology market really does need to decide how to fund and build crypto companies. And the answer probably isn’t…